Welcome to our dedicated page for Ezgo Technologies news (Ticker: EZGO), a resource for investors and traders seeking the latest updates and insights on Ezgo Technologies stock.
EZGO Technologies Ltd. (NASDAQ: EZGO) is publicly described as a short-distance transportation solutions provider in China, with a business model centered on electric two- and three-wheeled vehicles, lithium and lead-acid battery packs, electronic control systems, intelligent robots and related services. The EZGO news feed on Stock Titan aggregates company-issued announcements and other coverage so readers can follow developments that the company discloses to the market.
News about EZGO often focuses on financial results and segment performance. The company regularly releases audited annual results and unaudited interim results, detailing revenue contributions from battery cells and packs, electronic control systems, intelligent robots, and other activities such as maintenance services and second-hand machinery sales. These updates explain how factors like competition in the e-bicycle industry, demand for lithium battery packs, and changes in cost structure affect gross margins and net results.
Another recurring news theme is capital markets and listing status. EZGO has issued press releases about receiving Nasdaq notifications regarding minimum bid price deficiencies, delisting determinations, and subsequent appeals or compliance periods. The company has also announced reverse share splits, including a 1-for-40 reverse split in April 2024 and a 1-for-25 reverse split effective in November 2025, aimed at addressing Nasdaq’s minimum bid price requirement. A later Form 6-K reports that EZGO regained compliance with that requirement after the November 2025 reverse split.
EZGO’s news flow also covers strategic and operational updates. Examples include the decision to dispose of its e-bicycle business and classify it as a discontinued operation, a strategic cooperation framework agreement with Woteam New Energy (Guangdong) Co., Ltd. to jointly develop products and explore the Southeast Asian market, and a procurement agreement for security patrol robots and an intelligent patrol platform with a customer in China. Governance and capital structure developments, such as changes to authorized share capital, adoption of an equity incentive plan, and board and management changes, are disclosed through Form 6-K filings and related announcements.
Investors and followers of EZGO can use this news page to review the company’s own disclosures on earnings, segment trends, partnerships, robotics contracts, battery-focused strategy, Nasdaq compliance actions and corporate governance changes, all in one place.
EZGO Technologies Ltd. (Nasdaq: EZGO) announced a strategic cooperation with China Railway Construction Property Management Co., Ltd. to enhance intelligent property management services in China. The agreement, effective for five years, aims to improve safety in high-rise buildings following recent fire safety regulations. EZGO will provide smart products, including unmanned patrol vehicles and charging piles, tailored to specific community needs. This partnership underscores EZGO's commitment to innovation and quality in the electric vehicle sector.
EZGO Technologies Ltd. (Nasdaq: EZGO) announced its first export order to North America, receiving over $50,000 in orders from SilverLight Electric Vehicle Inc. for electric tricycles and bicycles. This strategic cooperation marks EZGO's entry into the U.S. market, particularly targeting Florida's tourism sector. CEO Jianhui Ye highlighted the significance of this milestone for EZGO's foreign trade, emphasizing mutual benefits and growth opportunities in North America.
EZGO Technologies Ltd. (Nasdaq: EZGO) has announced a strategic cooperation with SilverLight Electric Vehicle Inc. to co-manufacture frames for gyroplane and electric reverse-trike vehicles. The partnership includes a 10-year agreement for trial production starting in late 2021, targeting 100 gyroplanes and 2,000 reverse trikes by 2022, depending on market demand. CEO Jianhui Ye expressed enthusiasm for expanding into the North American market alongside SilverLight.
EZGO Technologies Ltd. (Nasdaq: EZGO) announced the appointment of Guanghui Yang to its Board of Directors, effective July 9, 2021. Yang replaces Junying Sun, who departed for personal reasons. With over 20 years of experience in academia and public service, Yang will contribute as a member of the Audit Committee and Chairperson of the Compensation Committee, enhancing corporate governance. CEO Jianhui Ye expressed confidence in Yang’s financial expertise aiding the company’s growth strategy in the short-distance transportation sector, particularly in E-bicycles and related services.
EZGO Technologies Ltd. reported its financial results for the six months ending March 31, 2021, revealing revenues of $9.6 million, a substantial increase of 74.3% year-over-year. The company sold 34,069 units of e-bicycles, marking a 96.6% increase. Despite a net loss of $0.3 million, improving from $0.6 million in 2020, gross margin remained stable at 9.7%. Cash reserves rose to $7.1 million from $0.3 million. Management emphasized plans to expand production capacity significantly to meet escalating demand, following their IPO in January 2021.
EZGO Technologies Ltd. announced the closing of a registered direct offering, raising approximately $12 million by selling 2,564,102 units. Each unit comprises one ordinary share and a warrant to purchase 0.7 ordinary shares at an exercise price of $4.68. After expenses, the net proceeds are about $10.9 million, intended for working capital and corporate purposes. Following the offering, EZGO has around 13,402,602 ordinary shares outstanding. The offering was executed under SEC registration statements as of May 2021.
EZGO Technologies Ltd. has announced a registered direct offering of 2,564,102 units, upsized to aggregate gross proceeds of $12 million. Each unit consists of one ordinary share and a warrant to purchase 0.7 ordinary shares at an exercise price of $4.68, expiring two years from the initial exercise date. The offering, expected to close around June 1, 2021, aims to utilize net proceeds for working capital and general corporate purposes. The offering is managed by FT Global Capital, Inc.
EZGO Technologies Ltd. (Nasdaq: EZGO) reported a robust increase in e-bicycle sales, exceeding 34,000 units in the six months ending March 31, 2021, marking over a 50% growth year-over-year. The breakdown includes around 23,000 two-wheeled and 11,000 three-wheeled e-bicycles, with the latter seeing a phenomenal surge of nearly 600%. The company attributes this growth to strategic product development and marketing, having launched 15 new models and acquiring seven new CCC certifications, ensuring compliance with China's regulations.
EZGO Technologies Ltd. (Nasdaq: EZGO) announced its agreement to acquire land and factory buildings from Tianjin Jiahao Bicycle Co., Ltd. for approximately US$10.2 million. This transaction, expected to close by June 15, 2021, expands EZGO's factory land to over 35,000 square meters, facilitating an increase in production capacity from 300,000 to an estimated 600,000 e-bicycles annually. The acquisition enhances the company's manufacturing reliability and market visibility, marking a significant milestone for EZGO.
EZGO Technologies Ltd. (Nasdaq: EZGO) has launched its new range-extended electric scooter, the Cenbird, aimed at the rapidly growing food delivery market in China. Initially available in Jiangsu and Zhejiang Provinces, the Cenbird features a battery life allowing a driving distance of up to 350 kilometers and integrates a gasoline generator for efficient charging. CEO Jianhui Ye emphasized the demand for long-range e-scooters, highlighting the shift toward environmentally friendly transportation solutions. The company continues to innovate in the e-scooter market.