SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number 001-38490
HIGHWAY HOLDINGS LIMITED
(Translation of
Registrant’s Name Into English)
Suite 1801, Level 18
Landmark North
39 Lung Sum Avenue
Sheung Shui
New Territories,
Hong Kong
(Address of Principal Executive Offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F
☐
Attached to this Report on
Form 6-K is the press release issued by the registrant on August 10, 2026.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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HIGHWAY HOLDINGS LIMITED |
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| Date: August 10, 2026 |
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By |
/s/ ROLAND W. KOHL |
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Roland W. Kohl |
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Chief Executive Officer |
NEWS RELEASE
HIGHWAY HOLDINGS SIGNS MASTER AGREEMENT FOR
FORMATION OF MAJORITY-OWNED ENERGY STORAGE JOINT VENTURE WITH WOWTIGER BRAND OWNER HUAHU
Expands Highway Holdings into the Energy
Storage Market, Creates a Platform for Shifting Towards a Product Business, while Extending its OEM business and Increasing Factory Utilization
HONG KONG – August 10, 2026 –
Highway Holdings Limited (Nasdaq: HIHO, the “Company” or “Highway Holdings”) today announced it has signed
the master agreement contemplated by the letter of intent with Guangdong Huahu New Energy Technology Co., Ltd. (“Huahu”) that
was signed and announced on July 22, 2026. Highway Holdings expects to benefit from the joint venture’s anticipated sales and profit
contribution, including from the new components business. Huahu is a China-based manufacturer of battery energy storage systems marketed
under the Wowtiger brand.
The companies expect to officially form Huahu International
New Energy Technology Company Limited, a Hong Kong joint venture company, within less than 30 days. The joint venture will combine Huahu’s
established energy storage products and technology with Highway Holdings’ global manufacturing capabilities, European operating
presence and international commercial relationships.
Highway Holdings will own 57% of the joint venture
company, with Huahu owning the remaining 43%. The venture will be jointly managed by the two parties. The venture will market and distribute
Huahu’s Wowtiger-branded energy storage products in designated international markets. The initial commercial focus will include
Germany, Italy, the United States and designated South American markets. It will also evaluate additional markets and semi-knocked-down
kit (“SKD”) manufacturing opportunities for Highway Holdings as the business develops.
The transaction gives Highway Holdings access to
international battery energy storage systems (BESS) with the potential to generate revenue from product sales, distribution, SKD manufacturing
and related services. It also creates opportunities to increase utilization across Highway Holdings’ existing manufacturing operations
and diversify the Company beyond its traditional OEM business.
International Growth Platform
Huahu has developed an international customer base,
initially serving commercial customers in Africa and Southeast Asia. Its fast growing market presence has also generated interest from
prospective European customers seeking more technically demanding energy storage solutions.
The joint venture will use Highway Holdings’
European contacts and operations to support these opportunities through technical project management, customer service, warranty support,
marketing and distribution. It also will pursue SKD manufacturing of Huahu products where commercially appropriate.
Highway Holdings believes its established European
presence, manufacturing experience and reputation for dependable service will strengthen the Wowtiger brand’s position in mature
markets where technical support, product availability and reliable warranty coverage are important purchasing considerations.
The venture will also pursue opportunities in the
United States and designated South American markets. In the United States, one of the world’s largest potential energy storage markets,
Highway Holdings intends to leverage its existing relationships and international operating experience to develop a distribution and marketing
presence with manufacturing capability where appropriate. The Company may also evaluate financing alternatives to support larger international
projects.
Transaction Terms
The Huahu International New Energy Technology Company
Limited joint venture is expected to receive initial contributions valued at approximately $3.5 million, consisting of approximately $2.0
million in cash from Highway Holdings; and approximately $1.5 million in products and technology transferred by Huahu. The joint venture
will receive exclusive rights to market and distribute those products in Germany, Italy, the United States and designated South American
markets, and intends to manufacture Huahu products through an SKD model. The transaction also includes performance-based equity incentives
intended to align the parties’ long-term interests and encourage Huahu to direct additional manufacturing business to Highway Holdings.
These incentives include: Up to 400,000 restricted Highway Holdings shares, 200,000 issuable upon the formation of the joint venture and
another 200,000 upon the joint venture’s achievement of specified milestones in Europe.
Any shares issued to Huahu under these arrangements
will be subject to a two-year transfer restriction and applicable performance conditions, corporate approvals and securities-law requirements.
Potential Expansion of Highway Holdings’
Core Manufacturing Business
Huahu purchases a variety of metal and plastic
parts for the production of its products. The transaction is expected to transfer such purchases to Highway Holdings’ existing component-manufacturing
factories. The business Huahu directs to Highway Holdings could provide meaningful and recurring production volume for the Company’s
factories. The Company believes this additional volume has the potential to provide full capacity utilization, increase revenue and strengthen
the earnings profile of Highway Holdings’ core OEM operations, bringing product manufacturing to Highway Holdings and at the same
time also reviving its OEM business to a sustainable level.
Highway Holdings and Huahu will also collaborate
on production improvements and the research and development of existing and next-generation energy storage products. This cooperation
is expected to combine Huahu’s product expertise with Highway Holdings’ manufacturing capabilities, creating opportunities
to improve product performance, production efficiency and speed to market.
Management Commentary
Roland Kohl, chairman, president and chief executive
officer of Highway Holdings, commented:
“This transaction is another important step
as it gives Highway Holdings an elevated entry in the fast growing battery energy storage market while advancing two of our highest strategic
priorities: diversifying beyond traditional OEM cycles and increasing utilization across our manufacturing operations. Huahu brings proven
products, established technology and demonstrated high international demand, while Highway Holdings contributes decades of manufacturing
expertise, a strong European operating presence and access to global commercial and capital markets. Together, we believe these complementary
capabilities will create a compelling foundation for profitable, long-term growth.
“We evaluated more than 20 potential acquisitions
and partnerships before selecting this opportunity, reflecting the disciplined approach we have taken to identifying the right strategic
fit. With the joint venture agreement now established, our focus is firmly on execution, as we work to expand international market access,
secure larger projects, increase manufacturing volume and strengthen the underlying economics of our core OEM business. We believe this
partnership can help both companies reach critical scale faster and create meaningful long-term value for both Huahu’s and Highway
Holdings’ shareholders.”
A market survey for Battery
Energy Storage Systems (BESS) business predicts that the present worldwide market value for battery storage systems is about US$89 billion
annually, and is expected to more than double and grow in the coming five years into an about US$198 billion market.
Mr. Liu, CEO of Huahu, commented,
“We are delighted to have found a suitable international partner who can help us fully unlock our growth potential in international
trade and advanced manufacturing. For any company, achieving solid growth is the best-case scenario, but growing too fast without the
capacity to keep up is not beneficial. That is why we are very pleased to merge our interests with Highway Holdings. We believe that the
Highway Holdings team is highly capable and well-positioned to provide us with multi-faceted support - including funding, technology,
manufacturing, and international trade – which is exactly what we need at this time and in this place. We warmly welcome Highway
Holdings to join our business, and together we will share responsibilities and reap the benefits.”
About Guangdong Huahu New
Energy Technology Co., Ltd. and Wowtiger
Guangdong Huahu New Energy
Technology Co., Ltd. is a China-based manufacturer of battery energy storage systems, inverters and related smart energy products marketed
under the Wowtiger brand. The company serves international markets and offers energy storage solutions for residential and other applications.
For more information, visit www.wowtigerenergy.com.
About Highway Holdings
Highway Holdings is an international manufacturer
of a wide variety of high-quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’
administrative office is located in Hong Kong and its manufacturing facilities are located in Germany, Yangon, Myanmar and Shenzhen, China.
Except for the historical information contained
herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but
not limited to the prospects of integrating the joint venture with Huahu, the business to be conducted by the newly formed joint venture,
the resumption of operations of its Myanmar operations, and the economic, competitive, governmental, political and technological factors
affecting the company’s revenues, operations, markets, products and prices, and other factors discussed in the company’s various
filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.
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For further information, please contact:
Global IR Partners
David Pasquale
HIHO@globalirpartners.com
New York office : +1-914-337-8801
