E-Power Signs MOU With Kehui International To Establish JV In US
Benzinga Newsdesk 9 months ago
News
E-Power Inc. ("E-Power", the "Company", "we" or "our") (NASDAQ:EPOW) is pleased to announce the signing of a Memorandum of Understanding (MOU) with Kehui International Ltd to establish a new joint venture in the United
E-Power Inc. ("E-Power", the "Company", "we" or "our") (NASDAQ:EPOW) is pleased to announce the signing of a Memorandum of Understanding (MOU) with Kehui International Ltd to establish a new joint venture in the United States. The new entity, to be named E-Power Grid Inc. USA, will focus on the rapidly expanding sectors of microgrids for AIDC, power equipment, and power automation.
The agreement follows high-level discussions involving key leadership from both organizations. Under the terms of the MOU, E-Power will serve as the majority shareholder with a stake of at least 55%.