Business
EZGO Announces Preliminary Sales Results for the Six Months Ended March 31, 2021
CHANGZHOU, China, May 24, 2021 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation
About this update from Ezgo Technologies Ltd.
[{"type":"text","content":"CHANGZHOU, China, May 24, 2021 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) (\"EZGO\" or the \"Company\"), a leading short-distance transportation solutions provider in China, today announced preliminary sales results for Dilang and Cenbird, the two major brands of EZGO e-bicycles for the six months ended March 31, 2021. The Company reported sales of more than 34,000 e-bicycles (including two wheels and three wheels) for the period, which is an increase of more than 50% from the same period last year. Of these 34,000 e-bicycles, approximately 23,000 were two wheeled e-bicycles and approximately 11,000 were three wheeled e-bicycles. Sales of two wheeled e-bicycles increased by approximately 47%, while sales of three wheeled e-bicycles increased by nearly 600% year over year. As a result, the Company anticipates substantial growth in revenue for the period.\nThe Company attributes its sales growth to the correct product strategy and marketing strategy. Paying close attention to the marketplace, EZGO has been focused on product development and innovation. During the last six months, it has developed 15 new two wheeled e-bicycles, scooters, mopeds and leisure e-tricycles and has obtained seven new CCC certificates, the legal license to produce and sell e-bicycles in China under the new national standards. The Company has continued to invest in R&D of intelligent technology and IoT. It has launched new products with a multimedia panel and a pre-installed driving safety monitoring system in an effort to build a vehicle that harnesses technology and is intelligent, entertaining and fast charging.\nManagement Commentary\nMr. Jianhui Ye, Chief Executive Officer of EZGO, stated, \"We are now fully engaged in the manufacturing and selling of e-bicycles and leisure e-tricycles and attribute the significant sales growth in these first six months to our marketing strategy and product strategy. We have always placed importance on establishing our distribution channels and ongoing development and innovation in our new products. We have integrated new electronic technology applications, such as vehicle monitoring modules and multimedia integrated service terminals, into our products to meet the demands of different customers and look forward to continue attracting dealers and customers with innovative products.\" \nAbout EZGO Technologi...