AUTO ITALIA Subsidiary to Sell 10,000 eBUDDY L7e Urban Logistics Vehicles to Wanbang New Energy Investment Group
Stock News
Mar 30
AUTO ITALIA (00720) has announced that on March 30, 2026, Wanbang New Energy Investment Group Co., Ltd. (the Buyer) entered into a non-legally binding framework agreement with Handesen Automotive Technology (Chongqing) Co., Ltd. (the Supplier), an indirect wholly-owned subsidiary of the company. Under the agreement, the Buyer intends to act as a reseller and purchase 10,000 units of the eBUDDY L7e urban narrow-lane logistics vehicle model from the Supplier. Specific purchase quantities, pricing, and other terms of procurement will be detailed in subsequent purchase agreements to be mutually agreed upon by the Buyer and the Supplier.
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