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EZGO Technologies Signed Three-Party Strategic Framework Agreement with Autotrax.ai and Zhejiang Hengyuan to Build a U.S.-Assembled Autonomous Vehicle Platform Powered by Lithium Battery and iChassis Technology
Three-party alliance integrating EZGO's high-performance lithium battery and vehicle control system (VCS) technology, Zhejiang Hengyuan's iChassis platform,
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[{"type":"text","content":"Three-party alliance integrating EZGO's high-performance lithium battery and vehicle control system (VCS) technology, Zhejiang Hengyuan's iChassis platform, and Autotrax.ai's U.S.-based autonomous driving engineering and California assembly capabilityCHANGZHOU, China, May 19, 2026 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) today announced the signing of a Strategic Investment and Industrial Cooperation Framework Agreement (\"Agreement\") among EZGO, Autotrax.ai Inc. (\"Autotrax.ai\"), and Zhejiang Hengyuan Machinery Co., Ltd. (\"Zhejiang Hengyuan\"). The three parties will integrate their complementary and non-overlapping core capabilities to create a vertically integrated \"lithium battery pack + smart EV control + autonomous driving\" commercial vehicle solution purpose-built for the U.S. market.\nStrategic Synergy and \"California Assembly\"Each party brings a distinct, non-overlapping capability:EZGO: High-performance lithium battery pack manufacturing with wide-temperature capability; proprietary intelligent vehicle control system (VCS) built on the PLC(\"Programmable Logic Controller\")/CoDeSys(\"ControllerDevelopment System\") platform; Nasdaq Capital Markets-listed company with business development capability in North America.Autotrax.ai: A U.S.-incorporated autonomous vehicle technology and local assembly company with California-based manufacturing operations; engineering experience with advanced autonomous driving systems and visual neural network architectures; local assembly and commercialization capability designed to support U.S. market access and compliance requirements.Zhejiang Hengyuan: Proprietary full-series iChassis wire-controlled chassis platform (0.5–2-ton payload range), with intellectual property rights protected by multiple patents; track record of delivering more than 3,000 units to autonomous vehicle customers including WeRide and Jiushi.All co-developed vehicles are expected to be assembled at Autotrax.ai's California facility, supporting localized U.S. assembly requirements for commercial fleet deployment and procurement opportunities.Initial Market LaunchThe three-party alliance aims to launch all-weather autonomous logistics commercial vehicles in the U.S. market in the first half of 2027, targeting rapidly growing commercial logistics and intelligent transportation segments in North Am...