Gresgying Digital Energy Technology (SHA:600212) signed a cooperation agreement with Xinjiang Commerce and Logistics (Group) to develop new energy charging piles and energy storage, as well as heavy-duty drones, according to a Shanghai bourse filing on Wednesday.
Xinjiang Commerce will assist the Chinese manufacturer of electric vehicle charging station products to build EV charging stations and distribute energy storage materials in logistics hubs.
Gresgying's Zhongchuang Aviation will supply 42 heavy-duty twin-rotor unmanned helicopters to Xinjiang Commerce for six unmanned aerial vehicle fleet bases in China's Northern and Southern Xinjiang.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.