• Highway Holdings (HIHO) surged 13.5% to $1.18 in after-hours trading on July 24, rebounding from a significant regular-session drop.
  • The move follows the company's announcement on July 22 of a non-binding Letter of Intent (LOI) with Guangdong Huahu New Energy Technology Co., Ltd. to form a majority-owned joint venture focused on global energy storage markets.
  • This proposed Hong Kong-based venture is valued at approximately $3.5 million, with Highway Holdings securing a 57% ownership stake.