Huachen AI Parking Management Technology Holding Co., Ltd and Hangzhou Qianhui Electric Technology Co., Ltd Establish Cooperative Relationship to Enhance Two-Wheeled E-Charging Infrastructure

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[{"type":"text","content":"JIAXING, CHINA, June 30, 2025 (GLOBE NEWSWIRE) -- Huachen AI Parking Management Technology Holding Co., Ltd (the “Company”) (NASDAQ: HCAI), a comprehensive smart parking solutions and equipment structural parts provider with all operations through its operating subsidiaries in China, is pleased to announce the entry into a non-binding cooperative agreement with Hangzhou Qianhui Electric Technology Co., Ltd (“Hangzhou Qianhui”), a company that is involved in the two-wheeled e-charging business.","length":498,"tagName":"p"},{"type":"text","content":"Background and Objectives of the Cooperative Relationship","length":57,"tagName":"p"},{"type":"text","content":"This cooperative relationship is set against the backdrop of Hangzhou Qianhui’s three-year strategic development plan for the two-wheeled e-charging business. Hangzhou Qianhui brings to the table technologies, equipment, operational expertise, and market resources, with ambitions to expand its e-charging business through strategic acquisitions and self-development initiatives.","length":379,"tagName":"p"},{"type":"text","content":"The objective of this cooperative relationship is to firstly acquire, develop, build and operate two-wheeled e-charging stations, with the goal of eventually fostering a larger-scale operation of two-wheeled e-charging stations. This initiative is designed to address the increasing demand for convenient and efficient charging solutions for electric two-wheelers, thereby contributing to the advancement of the urban transportation systems.","length":441,"tagName":"p"},{"type":"text","content":"Scope of the Cooperative Relationship","length":37,"tagName":"p"},{"type":"text","content":"Within the framework of this cooperative relationship, the Company will extend financial support by providing initial capital and subsequent phased investments contingent upon the business's progress. Additionally, the Company will assist Hangzhou Qianhui with broadening its cooperation with local governments, securing venue resources, and optimizing its supply chain.","length":374,"tagName":"p"},{"type":"text","content":"Hangzhou Qianhui will be responsible for executing the business operations, encompassing the procurement and self-construction of e-charging stations, as well as managing the charging platform. Hangzhou Qianhui is also tasked with ensuring the stabil...

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