CHANGZHOU, China, May 4, 2021 /PRNewswire/ -- EZGO
Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the
"Company"), a leading short-distance transportation solutions
provider in China, today announced
the launch of its newest range-extended electric scooter
("e-scooter"), under the brand name "Cenbird." The Company intends
to target the growing food delivery market in China, and has initially begun selling the new
product in Jiangsu Province and
Zhejiang Province.
Management Commentary
Mr. Jianhui Ye, Chief Executive
Officer of EZGO, stated, "We have seen incredible growth in the
food and grocery delivery market in China in recent years. China's rapid expansion in food delivery has
been driven by a new generation of youthful consumers, with
approximately 419 million users taking advantage of online food
delivery services in 2020, according to the China Internet Network
Information Center. We believe online food delivery services have
demand for long range e-scooters which can drive extended
distances. Our Company is focused on providing individuals with a
cost-effective and environmentally-friendly solution to service
this market."
Mr. Ye continued, "EZGO is committed to creating environmentally
friendly solutions that provide new and convenient options that fit
the changing needs of China's
urban consumer. Our Company designed a range-extended model
e-scooter that is attractive, light, and provides battery life that
is among the best across our entire product portfolio, addressing
the most glaring need across the e-scooter market. Our
extended-range e-scooter can be charged while in motion,
eliminating a current barrier in the marketplace for customers that
need to frequently change batteries or charging batteries. The
Cenbird has a range of up to 350 kilometers at a full charge.
Our Company continues to focus on developing new products to meet
customers' needs."
Details on the "Cenbird"
Utilizing its proprietary technology for battery systems
management, EZGO's Cenbird e-scooter integrates a
high-performance gasoline generator with battery charging
technology to achieve an expected driving distance up to 350
kilometers before recharging and refueling. The Cenbird is equipped
with a 60V20AH battery and a 2000W electric motor designed in-house
by the Company's team of engineers. The Cenbird electronic control
unit, or ECU, utilizes gasoline only as needed to recharge the
battery depending on the driving situation, which provides stable
and reliable power while remaining environmentally efficient.
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 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
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.