- A funding organization set up by the city of Shenzhen is providing Highpower (NASDAQ:HPJ +2.6%) with RMB3.86M ($623K) to create a production line for its "in-house developed solar celled and off-grid home-use energy storage systems products."
- The funds will be used to buy production equipment. Highpower's energy storage products have power capacities ranging from 0.5KwH-15KwH.
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