Business
EZGO Announces Signing Of Distribution Contract To Deliver 10,000 E-bicycles Following Successful Participation In Tianjin International Exhibition
CHANGZHOU, China, April 15, 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, 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. \nThe 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.\nThe 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. \nThe 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.\nManagement Commentary\nMr. 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.\" \nAbout EZGO Technologies Ltd.\nLeveraging 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 sa...