CHANGZHOU, China, Nov. 14,
2023 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq:
EZGO) ("EZGO" or the "Company"), a leading short-distance
transportation solutions provider in China, today announced the delivery of an
aggregate of 4,000 e-bicycles to Youon Technology Co., Ltd. (SHA:
603776) ("Youon"), a Chinese company principally engaged in the
provision of public city bicycle transportation services, from
July 25, 2022 to date, for a
transaction value at approximately RMB12
million (approximately US$1.6
million).
The collaboration is poised to reach an accumulative transaction
volume of 6,000 e-bicycles in total, with an additional consignment
of 4,000 e-bicycles anticipated for dispatch in November and
December 2023. The transactions are a
testament to EZGO's presence in the market as a proficient provider
with reliable production capabilities. It also highlights EZGO's
commitment to robust supply chain management to fulfill customer
needs swiftly.
Chairman and CEO of EZGO, Mr. Jianhui
Ye, states, "The completion of the delivery marks a
milestone in our cooperation with Youon, and demonstrates our
unwavering commitment to quality and client satisfaction, which
remains integral to our operational philosophy. Our continued
partnership with Youon exemplifies our competitiveness in the
market, and contributes to the business performance of both
companies. We look forward to advancing our strategic partnership
to generate greater value for our shareholders."
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service
platform and two e-bicycle brands, "EZGO" and "Cenbird," EZGO has
established a business model centered on the manufacturing and sale
of two-and three-wheeled electric vehicles, lithium batteries,
complemented by the e-bicycle charging pile business. For
additional information, please visit EZGO's website at
www.ezgotech.com.cn. Investors can visit the "Investor Relations"
section of EZGO's website at www.ezgotech.com.cn/Investor.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the growth of the
short-distance transportation solutions market in China and the other international markets the
Company plans to serve; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the international markets the
Company plans to serve and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the
Company with the Securities and Exchange Commission (the "SEC"),
including the Company's most recently filed Annual Report on Form
20-F and its subsequent filings. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
Investor Relations Contact
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
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SOURCE EZGO Technologies Ltd.