Huachen AI Parking Management Technology Holding Co., Ltd $(HCAI)$ has announced a strategic partnership with Hangzhou Qianhui Electric Technology Co., Ltd to enhance two-wheeled e-charging infrastructure. This non-binding cooperative agreement aims to foster innovation and growth in urban transportation by combining Huachen's financial resources with Hangzhou Qianhui's technical expertise. The partnership will focus on establishing an efficient and sustainable e-charging infrastructure, supporting green transportation solutions. Huachen will provide financial support and assist in expanding cooperation with local governments, while Hangzhou Qianhui will manage the operational aspects, including e-charging station procurement and platform stability. Revenue sharing will be based on performance and equity ratios, with potential for further amendments to the agreement.
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