Haoxin Holdings Limited (NASDAQ:HXHX) agreed through its subsidiary Yiwu Haitong International Logistics Co., Ltd. to buy 200 battery-swapping electric tractor units for approximately RMB 120.9 million, or $18.02 million, from Ningbo Zhongchong New Energy Automobile Sales Co., Ltd. The vehicles are expected to be deployed in phases across the company’s temperature-controlled line-haul logistics operations in China after delivery and acceptance. Shares fell 9.98% to $0.36 in Thursday’s after-hours session after the announcement, following an unchanged regular-session close at $0.40. The purchase follows a December 2025 agreement for 63 Geely new energy intelligent-driving heavy-duty trucks and a separate Aug. 31, 2026 framework agreement covering potential cooperation on new energy trucks, battery-swapping infrastructure and logistics operations. Haoxin said projects and investment arrangements under that framework remain subject to further negotiations and definitive agreements. The company’s market capitalization was approximately $5.89 million, while its shares had declined 73.15% over the past year and traded between $0.32 and $1.64.