Tesson Holdings signs MOU with DST to form Hong Kong EV battery-swapping venture

• Tesson Holdings signed a non-binding memorandum of understanding on May 5, 2026, with China-based DST Sustainable Technology to pursue a Hong Kong joint venture focused on EV charging and battery swapping services.
• Planned venture targets buildout and operation of charging piles, battery swapping stations, photovoltaic storage charging systems, energy operations platform, with after-sales support for motive battery products in Hong Kong and overseas.
• Operations are expected to start with 10 battery swapping stations capable of charging, swapping, electric storage.
• Tesson Sino Express Intelligence Power, group subsidiary, would contribute land resources; DST would provide technical support plus after-sales network tied to key components suppliers and major EV makers.
• MOU expires in 12 months if parties do not sign a binding agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tesson Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260505-12146992), on May 05, 2026, and is solely responsible for the information contained therein.