The U.S. Stock Research Agency learned that according to Sina Financial News, on December 23, Happy Automobile (KXIN.US) reached a strategic cooperation agreement with Beijing Shencheng Biotechnology Group Co., Ltd. Under the terms, Shencheng Biotechnology agreed to purchase 10,000 custom new energy trucks, worth about $250 million, from Happy Motors over the next five years for its environmental protection and resource recovery projects.
It is reported that Shencheng Company is engaged in garbage classification and recycling, plans to cooperate with local governments, and is expected to purchase a large number of customized new energy trucks for its environmental protection and resource recovery projects in the next five years.
The CEO of Happy Auto said that this is another major breakthrough in The new energy vehicle business of Happy, and will accelerate investment and product research and development, and strive to launch prototype vehicles in the first half of 2022, and achieve mass production and delivery as soon as possible.
![Happy Auto (KXIN.US) wins more than $500 million in new energy truck orders, up nearly 23% before market hours[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)