Haoxin Holdings Buys 200 Electric Trucks for $18M, Expands Battery-Swapping Network
HXHX sits 50% above its 52-week low of $0.325.
Summary
Haoxin Holdings is accelerating its new energy logistics push with an $18 million purchase of 200 battery-swapping electric tractor units, signed September 12, 2026. The company also entered a strategic cooperation framework on August 31 to develop battery-swapping infrastructure and new energy logistics with three partners. Separately, Haoxin ranked eleventh in a bid for a Ningbo Port Authority transportation services contract covering 2026-2028. These moves follow the company's Nasdaq compliance struggles and a recent F-1 filing registering 18 million shares for resale, suggesting a push to modernize its fleet while managing capital constraints. The fleet expansion could improve operating efficiency and meet growing demand for lower-carbon transport, but the port contract is not yet final and the battery-swapping framework remains subject to definitive agreements.
At the time of this announcement, HXHX was trading at $0.49 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.9M. The 52-week trading range was $0.32 to $1.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.