Core Insights - Highway Holdings Limited has received an initial order of 100,000 units for a new model of brushless electric motor from a major strategic customer, marking a significant development for the company [1] - The new motor was specifically designed and manufactured by the company as an Original Design Manufacturer (ODM), rather than an Original Equipment Manufacturer (OEM) [1] - The development of this motor faced delays of over three years due to the COVID-19 pandemic and its aftermath, despite starting nearly five years ago [1] Company Overview - Highway Holdings is an international manufacturer providing a variety of quality parts and products primarily for blue chip equipment manufacturers based in Germany [2] - The company's administrative offices are located in Hong Kong, with manufacturing facilities in Yangon, Myanmar, and Shenzhen, China [2] - The new brushless electric motor is expected to significantly boost production volume and contribute to revenue growth in the near future [1]
Highway Holdings Receives Initial Customer Order for New Brushless Electric Motor