OHM Enters New Chapter with NewHorizon

Through effective and friendly communication with Jost/Hyva, NewHorizon has become the new shareholder of OHM.

 

NewHorizon Capital, based in Singapore, focuses on investing in projects related to technologies, applications, and services in the vehicle sector. NewHorizon’s partners have decades of successful experience in the field of off-road trucks. Its new energy trucks have already achieved mass production, supported by a stable supply chain. NewHorizon has also recently acquired the Netherland special truck manufacturer GINAF to expand its business in Europe.

 

“NewHorizon deeply values OHM’s developmental progress to date and commends the whole team. By fully leveraging our established supply chain advantages in China’s truck electrification sector alongside the strong complementarity between NewHorizon’s product lines and OHM’s offerings, we are confident in achieving significant strategic synergies.” Addressed by Li Jinwei, investment director of NewHorizon.

 

Federico Spatti, the GM of OHM commented: "This acquisition represents a great opportunity for OHM's development. Since its founding in 2021, OHM has been committed to the path of electrification, accumulating valuable experience in product development and market expansion over the past four years. We believe that the transition to green energy in the trucking industry is an irreversible trend. We are highly confident in the market outlook. At this crucial stage, the arrival of a strategically aligned new shareholder will further strengthen OHM’s supply chain advantages and R&D capabilities, paving the way for an even brighter future."

 

We are very pleased to embrace a brand-new future together with NewHorizon.