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Chaowei Power Renews Key Equipment Agreement

Chaowei Power Renews Key Equipment Agreement

Chaowei Power Holdings (HK:0951) has released an update.

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Chaowei Power Holdings has renewed its Battery Production Equipment Purchase Agreement with Zhejiang Doulan for another three years, starting January 2025. This agreement, worth over HK$3 million annually, involves purchasing advanced battery manufacturing equipment and is considered a standard commercial transaction. The renewal reflects Chaowei’s ongoing commitment to expanding its production capabilities.

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