Highway Holdings is trading 10% up now at $1.20 after its August 10, 2026 master agreement with Guangdong Huahu New Energy for a majority-owned energy-storage joint venture.
- Highway Holdings will own 57% of the joint venture and receive exclusive distribution rights in several international markets.
- The company will contribute approximately $2.0 million in cash; the agreement provides a clear company-specific catalyst for the gain.