CHANGZHOU, China, April 15,
2021 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq:
EZGO) ("EZGO" or the "Company"), a leading short-distance
transportation solutions provider in China focusing on the sale of two electronic
bicycle ("E-bicycle") brands, "Cenbird" and "Dilang," today
announced that the Company signed a contract with a supply chain
company located in Hebei, China to
sell no less than 10,000 E-bicycles annually.
The sale followed the Company's participation in the
20th Annual Northern China International Bicycle and
Electric Bicycle Exhibition, where EZGO also developed
relationships with over 30 new distributors. The exhibition lasted
for three days, with more than 600 bicycle and E-bicycle companies
participating. While the event has historically featured bicycles,
it has highlighted the development of E-bicycles, and included
major well known E-bicycle brands in China.
The event served as an opportunity for participants to introduce
various new models and technologies, while receiving orders from
various sales agents and direct buyers. EZGO's display featured its
"Dilang" brand with the theme of "Intelligence, Entertainment and
Fast Charging." The Company's focus during the event was to
highlight its advances in technology and its new models, including
two and three-wheeled models with multimedia integration.
The Company also received orders from various groups or
companies at the exhibition, including 1,000 units of light
electric motorcycles ("e-mopeds"). We believe the high quality with
competitive price make our e-mopeds attractable.
Management Commentary
Mr. Jianhui Ye, Chief Executive
Officer of EZGO, commented, "One of EZGO's objectives in 2021 is to
refine our sales and marketing strategy by emphasizing the
technological advantages of our two main brands, Dilang and Cenbird
and channel penetration strategy. The Tianjin exhibition is one of the most
important live exhibitions of the year for EZGO, as one of our
manufacturing facilities is also located in the city. The
exhibition served as an opportunity to display our products to a
rapidly growing audience."
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service
platform and two E-bicycle brands, "Cenbird" and "Dilang, " EZGO
has established a business model centered on the manufacturing and
sale of E-bicycles and E-bicycle rentals, complemented by
E-bicycle charging pile business.
Visit EZGO on the web at http://www.ezgotech.com.cn/. Investors
can visit the Company at the "Investor Relations" section of EZGO's
website at http://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 SEC. 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.
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SOURCE EZGO Technologies Ltd.