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American Wealth Mining Corp. Update on New Energy’s Signing of MOU for a Partnership to Develop Over 300 EV Charging Stations in The New Territories of Hong Kong
American Wealth Mining Corp. Update on New Energy’s Signing of MOU for a Partnership to Develop Over 300 EV Charging Stations in The New Territories of Hong Kong.
About this update from American Premium Water Corporation
[{"type":"text","content":"\n PLAYA VISTA, CA, Feb. 22, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire --  American Wealth Mining Corporation (OTC:HIPH) (\"AWM\" or the \"Company”) is proud to announce that New Energy Asia Pacific Company Limited (“New Energy”), a Hong Kong holding entity that the Company recently invested in that provides electric construction vehicles and electric charging stations, had entered into a Memorandum of Understanding (MOU) with Sino Express Intelligence Co,. Ltd. (“Sino Express”) to develop the “Smart Village Electric Vehicle (EV) Charging Station Business Plan” (“Smart Village”).  Over the next five years, the Smart Village project targets to create over 300 electric vehicle (EV) charging stations in rural areas located in the New Territories of Hong Kong – comprising of 600-1,200 ultra-fast EV charging chargers and 5,000 – 7,000 medium-speed EV charging chargers. This region covers a large proportion of Hong Kong's land area, accounting for 86.2%, and is home to about half of the city's population. This green initiative will be beneficial for the residents of these areas. Under the MOU, New Energy has agreed to make Sino Express its distributor of construction EVs in Hong Kong, with preferential pricing for its construction EVs to be used in the development of the Smart Village project, while Sino will make New Energy  the exclusive supplier of EV chargers for the Smart Village project. Over the course of the initial stage of the simple sales partnership with Sino Express, Sino Express will buy EV chargers from New Energy, and New Energy will provide installation and maintenance guidance. In the subsequent phase, New Energy will invest in constructing big EV charging stations, and Sino Express will become the exclusive operator of these stations in Hong Kong. Both parties aspire to establish a long-term partnership that is equitable and beneficial for each other. The financial details of the second stage will be determined after the first stage has commenced. The partnership between New Energy and Sino will lead to increased efficiencies and swifter deployment of renewable energy projects, providing more sustainable energy options to customers, further establishing New Energy’s position as a renewable industry leader in th...