Welcome to our dedicated page for EV Technology news (Ticker: EVTGF), a resource for investors and traders seeking the latest updates and insights on EV Technology stock.
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EV Technology Group will host a virtual shareholder conference on July 25, 2022, at 10 AM PST, focusing on its recent acquisition of MOKE International. The conference will feature CEO Wouter Witvoet and other executives addressing transactions and shareholder questions. Participants can register via the company's website, with an archive available for six months post-event. Founded in 2021, EV Technology Group aims to electrify iconic brands and enhance the EV experience, backed by a dedicated team.
EV Technology Group has agreed to acquire an additional 50% of MOKE International for US$55.1 million, increasing its ownership stake to approximately 67.6%. The deal includes an option to acquire the remaining shares within 24 months at a valuation of US$120 million. MOKE International, established in 1964, has launched the Electric MOKE, which has generated significant demand with an expanding waiting list. The acquisition aligns with EV Technology Group's strategy to electrify iconic brands and is anticipated to enhance market presence in the USA and Europe.
EV Technology Group Ltd. (EVTGF) announced its qualification for trading on the OTCQB Venture Market as of July 11, 2022. This listing enhances accessibility for U.S. investors, following the company's expansion strategy in the U.S. The firm aims to electrify classic brands, notably through its partnership with MOKE International Limited, launching the Electric MOKE. With significant demand for its products, EV Technology Group positions itself to capitalize on growing EV trends, supported by an office in California.