Shengfeng Development Limited announced it has purchased 16 electric heavy-duty trucks with an aggregate value of USD 1,550,000. The Company plans to have at least 10% of its future purchases of heavy-duty trucks to be electric heavy-duty trucks. In addition to the purchase of electric heavy-duty trucks, the Company will also build battery swapping stations in its regional sorting centers, cloud-based order fulfillment centers, and service outlets, to better serve its electric vehicles.
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