JIAXING, CHINA, June 30, 2025 — Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ: HCAI), a provider of comprehensive smart parking solutions and equipment structural parts operating through its subsidiaries in China, has announced a non-binding cooperative agreement with Hangzhou Qianhui Electric Technology Co., Ltd, a company active in the two-wheeled electric charging sector.
Background and Objectives of the Cooperative Relationship
This collaboration aligns with Hangzhou Qianhui’s three-year strategic plan for its two-wheeled e-charging business. Hangzhou Qianhui contributes technology, equipment, operational know-how, and market access, aiming to expand its e-charging business through acquisitions and internal development.
The primary goal is to establish and operate two-wheeled e-charging stations, ultimately scaling up these operations. This initiative addresses the rising need for convenient and efficient charging solutions for electric two-wheelers, supporting the improvement of urban transportation.
Scope of the Cooperative Relationship
As part of this cooperative relationship, the Company will provide financial backing through initial capital and subsequent investments based on the business’s progress. Additionally, the Company will assist Hangzhou Qianhui in strengthening its relationships with local governments, securing locations, and improving its supply chain.
Hangzhou Qianhui will manage the business operations, including the procurement and construction of e-charging stations, and the management of the charging platform. Hangzhou Qianhui is also responsible for ensuring the stability of the platform and developing added features such as advertising systems and user data analysis.
Business Model and Revenue Sharing
The cooperative relationship is based on a clear division of responsibilities. The Company will provide financial resources, while Hangzhou Qianhui will manage the technological and operational aspects of developing the e-charging infrastructure. The Company can determine its equity stake based on its financial contributions and Hangzhou Qianhui’s performance. Hangzhou Qianhui has committed to meeting the Company’s payback expectations for each e-charging station.
Revenues will be distributed according to performance and equity ratios, allowing both parties to share in the net profits from the e-charging business. The cooperative agreement may be amended through supplementary agreements or mutual consent.
Commitment to Innovation and Growth
This cooperative relationship marks a significant step for both companies in their pursuit of innovation and growth in urban transportation. By combining the Company’s financial resources with Hangzhou Qianhui’s technical and operational capabilities, the partnership seeks to create a more efficient and sustainable e-charging infrastructure that benefits both consumers and the environment.
“We are excited to collaborate with Hangzhou Qianhui to advance the two-wheeled e-charging business,” said Bin Lu, spokesperson for the Company. “This partnership will strengthen our position in the smart parking and e-charging market and promote green transportation solutions.”
About Huachen AI Parking Management Technology Holding Co., Ltd
Huachen AI Parking Management Technology Holding Co., Ltd is a Cayman Islands holding company without direct operations. The Company consolidates the financial results of its subsidiaries, which provide comprehensive smart parking solutions and equipment structural parts in China. These subsidiaries offer customized parking solutions to maximize efficiency in limited spaces, including smart cubic parking garage design, equipment manufacturing, sales, installation, and maintenance. To meet diverse customer needs, the company manufactures and offers various cubic parking garage products based on different working principles, such as lifting and shifting, convenient lifting, vertical circulation, vertical lifting, plane moving, alley stacking, multi-layer cycle, horizontal cycle, and car lifts. Additionally, the operating subsidiaries provide design, repair, and maintenance services to ensure the continued functionality of our parking solutions.
About Hangzhou Qianhui Electric Technology Co., Ltd.
Hangzhou Qianhui Electric Technology Co., Ltd., established on August 5, 2024, is located in Yuhang District, Hangzhou City, Zhejiang Province. The company focuses on providing comprehensive technical services, including new energy technology research and development, electric charging pile sales and operations, Internet of Things (IoT) technology research and development, equipment sales, and advertising design and publishing. Hangzhou Qianhui Electric Technology has a professional R&D team dedicated to continuous technological innovation and service optimization.
For further information about Huachen AI Parking Management Technology Holding Co., Ltd, please contact:
Company Info:
Huachen AI Parking Management Technology Holding Co., Ltd
Alan Li
Mobile: +852-95791074
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