Highpower International (HPJ) to Take 50% Stake in EV Battery Solutions Provider Huizhou Yipeng
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Highpower International Enters Into Equity Purchase Agreement
August 12, 2016 7:01 AM EDTSAN FRANCISCO and SHENZHEN, China, Aug. 12, 2016 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), ("Highpower," or the "Company") a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that its wholly-owned subsidiary, Huizhou Highpower Technology Co., Ltd, has entered into an agreement ("Agreement") to acquire up to 50% equity interest in Huizhou Yipeng Energy Technology Co., Ltd. ("Huizhou Yipeng"), an electric vehicle power battery system solutions provider specializing in the plug-in hybrid electric vehicle (PHEV) and electric vehicle (EV) bus... More