EZGO News & Events

EZGO Technologies announced the signing of a Strategic Investment and Industrial Cooperation Framework Agreement among EZGO, Autotrax.ai and Zhejiang Hengyuan Machinery Co. The three parties will integrate their complementary and non-overlapping core capabilities to create a vertically integrated "lithium battery pack + smart EV control + autonomous driving" commercial vehicle solution purpose-built for the U.S. market. All co-developed vehicles are expected to be assembled at Autotrax.ai's California facility, supporting localized U.S. assembly requirements for commercial fleet deployment and procurement opportunities. The three-party alliance aims to launch all-weather autonomous logistics commercial vehicles in the U.S. market in the first half of 2027, targeting rapidly growing commercial logistics and intelligent transportation segments in North America. Strategic Investment Under the Agreement, EZGO proposes to make a strategic equity investment in Autotrax.ai, with the specific amount and valuation to be determined in a definitive agreement. Proceeds from the investment are expected to support expansion of Autotrax.ai's U.S. assembly line, introduction of lithium battery testing capabilities, engineering scale-up and customer validation, and compliance restructuring in preparation for a potential future U.S. capital markets transaction. Upon completion of the proposed investment, EZGO is expected to have the right to appoint one director to Autotrax.ai's board.

EZGO Technologies Ltd trading halted, news pending

EZGO Technologies announced that on May 6, its board of directors approved a reverse split of its ordinary shares on a one-for-one-hundred and fifty basis. The company's ordinary shares will begin trading on a post-split basis on May 19. As a result of the Reverse Share Split, every one-hundred and fifty issued ordinary shares of the company will be automatically combined into one issued ordinary share, with fractional shares rounded to the nearest whole share, and without any action required on the part of the shareholders. Following the Reverse Share Split, the total number of issued and outstanding ordinary shares will be reduced from 345,884,745 to approximately 2,305,899. The company's ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "EZGO," under a new CUSIP number - G5279F300. The Reverse Share Split is intended to increase the market price per share of the company's ordinary shares to allow the company to maintain compliance with Nasdaq continued listing requirements.

EZGO Technologies' subsidiary Jiangsu EZGO has received the real estate ownership certificate from the Changzhou municipal authorities for its self-built manufacturing facility at Changzhou, Jiangsu Province. The receipt of the Certificate confirms that the new facility is legally cleared for operational use. Developed and constructed entirely by EZGO, the complex comprises seven reinforced-concrete buildings: five purpose-built multi-storey production buildings and two ancillary support buildings. The underlying state-owned land use right carries a tenure of 50 years. The complex is designed to support the annual production of 100,000 intelligent electric two-wheeled vehicles, 5,000 intelligent unmanned service patrol vehicles, and 0.5 GWh of graphene-based lightweight power lithium batteries. EZGO will now advance equipment installation and production line commissioning, with commercial operations targeted to commence in 2026.