A NEW CHAPTER IN INTERNATIONAL STRATEGY WITH INAUGURATION OF HIGHPOWER TECHNOLOGY VIETNAM SUBSIDIARY

Image source: The Online Newspaper of Haiphong City

According to the Haiphong City Online Newspaper, On January 17th, Vietnam Exquisite Power Technology Company Limited (Exquisite Power Technology), a wholly owned subsidiary of Shenzhen Highpower Technology Co., Ltd. (Highpower Technology; stock code: 001283.SZ), has officially held its factory inauguration ceremony.

The factory is reportedly located in the Nam Dinh Vu Industrial Park in Hai Phong City, Vietnam, and covering an area of 13,650 square meters. It primarily produces Li-ion and Ni-MH batteries. The project not only meets the growing demand of the global market, especially the Southeast Asian market, but also promotes the transformation of local economy in Vietnam, and creating more job opportunities for the local workers.

Back in July 2023, Highpower Technology decided to establish Exquisite Power Technology and invest in a factory in Vietnam. This move is part of the company’s international development strategy and aims to optimize the upstream and downstream supply chains, while also enhancing global responsiveness. At the same time, it highlights Highpower Technology‘s determination and capability to proactively fulfil its international social responsibilities, prioritize sustainable development, establish a compliant corporate governance system, and build a high-quality industrial ecosystem.

Moreover, Highpower Technology has consistently committed to promoting Environmental, Social and Governance (ESG) standards, ensuring that the factory not only generates economic benefits, but also emphasizes green business practices and sustainable development in Vietnam. Moving forward, Highpower Technology will continue optimizing its production and construction layout overseas, integrating resources, expanding its global reach, refining its products, and strengthening the company's growth!