Shanghai Zhida Technology Development (HKG:2650) is partnering with Breton Technology (HKG:1333) to sell each other's products and services in overseas markets, according to a Wednesday filing with the Hong Kong bourse.
Under the letter of intent, Breton Technology plans to acquire at least 5,000 units of high-power charger or charging robot equipment from the company in exchange for at least 500 units of its electric mining trucks.
The parties also plan to establish an overseas shared service and after-sales center.
Zhida Technology shares gained nearly 1% in late morning trade Thursday, while Breton fell 6%.
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