CHANGZHOU, China,
Sept. 15, 2021 /PRNewswire/ -- EZGO Technologies
Ltd. (Nasdaq: EZGO) ("EZGO" or "we",
"our", or "the Company"), a
manufacturer of two- and three-wheeled electric vehicles in
China, today announced it entered
into a strategic cooperation agreement with China Railway
Construction Property Management Co., Ltd. ("CRCPM"), whereby EZGO
and CRCPM plan to jointly develop and promote all-round intelligent
property management services aiming to increase safety and security
measures for residents of densely populated high-rise buildings and
neighborhoods.
On June 21, 2021, the Ministry of
Emergency Management of China
issued the Regulations on Fire Safety Management of High-Rise Civil
Buildings (the "Regulations"), effective on August 1, 2021. The Regulations prohibit parking
or charging of electric bicycles in public halls, evacuation
walkways, stairwells, and safety exits of high-rise civil
buildings. The Regulations also encourage the establishment of
centralized storage and charging areas for electric bicycles in
high-rise residential communities.
Pursuant to the Regulations and the industry's overall efforts
to improve general safety, EZGO and CRCPM have entered into this
strategic cooperation agreement to leverage the technology
advantages of EZGO and the management resources of CRCPM, with a
goal of developing a comprehensive offering of intelligent property
management service solutions. EZGO will provide products and
related services such as unmanned patrol vehicles and smart
charging piles , based on the needs of the specific communities
under CRCPM management. The term of the cooperation agreement is
five years, and the two parties plan to sign landing contracts
based on specific cooperation for different business lines.
CRCPM is a mid- to high-end property management company serving
clients across China. It has
first-level qualifications for national property management and
primarily engages in the management of mid- to high-end residential
and commercial properties. CRCPM is a wholly owned subsidiary of
China Railway Real Estate Group, which is a wholly owned subsidiary
of China Railway Construction Corporation, a state-owned enterprise
of China .
Management Commentary
Mr. Jianhui Ye, Chief Executive
Officer of EZGO, stated, "We are excited to partner with CRCPM,
which lays the foundation for our participation in large-scale
intelligent property management services. We believe this
cooperation with a major state-owned company is a testament to our
commitment to quality and innovation and will open up opportunities
for additional applications and scenarios of the Company's existing
product offerings, providing a powerful boost to our strategy of
developing diversified, intelligent services. Together with CRCPM,
we anticipate approaching the joint development of these
intelligent community property management service offerings with
the utmost attention to superior quality and look forward to
helping drive progress in safety and security standards in our
communities."
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service
platform and two E-bicycle brands, "Dilang" and "Cenbird", EZGO has
established a business model centered on the manufacturing and sale
of two- and three-wheeled electric vehicles, 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 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.
For more information, please contact:
At the Company:
Shawn Wen
Email: ir@ez-go.com.cn
Phone: (+86) 13502829216
Investor Relations:
Carolyne Sohn
The Equity Group Inc.
Email: csohn@equityny.com
Phone: (415) 568-2255
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SOURCE EZGO Technologies Ltd.