- Highway Holdings ( NASDAQ: HIHO ) has received a new order from one of its Fortune 500 customers.
- The latest order is for the design, fabrication and manufacture of a new brushless motor series and the first order is scheduled for delivery in Dec. 2022.
- The latest order is a major breakthrough as the Co. is now making a different type of brushless motors for the customer's USA division.
- "With this latest order for a new motor type, we believe we now have opened a new door to extend our motor business substantially as we more broadly support our famous customer." said Roland Kohl, Chairman, President and CEO.
- HIHO +9.31% premarket to $2.23.
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Highway Holdings receives new order from Fortune 500 customer