Benzinga | Jun 21, 2021 03:37PM EDT

Alset EHome Partners With Tesla For PV Solar Panels

* Property developer Alset EHome International Inc (NASDAQ:AEI) has announced a partnership between its subsidiary, Alset EHome Inc, and Tesla Inc (NASDAQ:TSLA) for an initial supply of Tesla PV Solar Panels, Powerwalls, and EV Chargers to be installed at single-family homes.

* Tesla products will be installed in 20 brand new, single-family homes at the Northpark Community in Porter, Texas.

* Alset aims to develop over 5,000 intelligently designed EHomes in the next 3-5 years.

* "As more people look to make sustainable choices in their selection of homes, we are keen on making the transition for our customers the easiest it can be. This will also help accelerate the world's transition to sustainable energy," said Charley MacKenzie, Chief Executive Officer, Alset EHome Inc.

* Price action: AEI shares are trading higher by 25.5% at $6.15 on the last check Monday.