Business
AZI Announces Signing of Approximately $980 Million Memorandum of Intent for Sales with Multiple Potential Buyers
Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the "Company" or "Autozi") today announced that it has signed a Memorandum of Understanding on Procurement Intentions (MOU) with several potential buyers, representing a total amount of approximately USD $980 million. The parties intend to engage in centralized procurement cooperation for complete vehicles and supporting automotive parts through Autozi's digital automotive e-commerce platform.
About this update from Autozi Internet Technology (global) Ltd.
[{"type":"text","content":"BEIJING, Dec. 16, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the "Company" or "Autozi") today announced that it has signed a Memorandum of Understanding on Procurement Intentions (MOU) with several potential buyers, representing a total amount of approximately USD $980 million. The parties intend to engage in centralized procurement cooperation for complete vehicles and supporting automotive parts through Autozi's digital automotive e-commerce platform.","length":515,"tagName":"p"},{"type":"text","content":"According to the MOU, the relevant potential buyers plan to leverage AZI's digital automotive e-commerce platform and supply chain system to conduct multi-category, large-scale procurement cooperation. This will include complete vehicle purchases, key components, and various supporting parts. It should be noted that this signed MOU is an intentional and non-binding document. The specific procurement amounts and implementation progress will depend on the subsequent signing of formal agreements and their execution effectiveness.","length":536,"tagName":"p"},{"type":"text","content":"Autozi Internet Technology (Global) Ltd. stated that reaching this large-scale procurement intention marks significant progress for the company in driving the transformation of the automotive industry chain towards digitalization, online integration, and globalization. By connecting diverse procurement demands and leveraging its robust platform technology support, supply chain integration capabilities, and cross-border service advantages, the company expects to achieve the following goals:","length":494,"tagName":"p"},{"type":"text","content":"* Expand overall transaction scale and turnover volume;","length":55,"tagName":"p"},{"type":"text","content":"* Diversify product offerings, increasing the variety of complete vehicles and parts;","length":85,"tagName":"p"},{"type":"text","content":"* Enhance service capabilities and attractiveness to upstream suppliers and downstream customer groups;","length":103,"tagName":"p"},{"type":"text","content":"* Further consolidate and elevate the company's leading position in the automotive e-commerce and digital supply chain sector.","length":130,"tagName":"p"},{"type":"text","content":"Management of Autozi Internet Technology (Global) Ltd. emphasi...