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CHANGZHOU, China, June 2, 2021 /PRNewswire/ EZGO Technologies Ltd. (Nasdaq: EZGO) ( EZGO or the Company ), a leading short-distance transportation solutions provider in China, today announced that it has closed a registered direct offering of an aggregate of 2,564,102 units of its securities (each, a Unit ), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.7 ordinary share for aggregate gross proceeds of approximately $12 million. The warrants are exercisable immediately, have an exercise price of $4.68 per share and expire two years from the date of issuance.
/PRNewswire/ EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China, today.
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CHANGZHOU, China, May 4, 2021 /PRNewswire/
EZGO Technologies Ltd. (Nasdaq: EZGO) ( EZGO or the Company ), a leading short-distance transportation solutions provider in China, today announced the launch of its newest range-extended electric scooter ( e-scooter ), under the brand name Cenbird. The Company intends to target the growing food delivery market in China, and has initially begun selling the new product in Jiangsu Province and Zhejiang Province.
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EZGO’s proprietary power control model ECU
Internally designed electric motor
Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, We have seen incredible growth in the food and grocery delivery market in China in recent years. China s rapid expansion in food delivery has been driven by a new generation of youthful consumers, with approximately 419 million users taking advantage of online food delivery services in 2020, according to the China Internet Network Information
EZGO Technologies Ltd. (Nasdaq: EZGO) ( EZGO or
the Company ), a leading short-distance transportation solutions provider in China, today announced that it entered into a strategic cooperation agreement with Jiangsu Research Institute of Dalian University of Technology (JSRI-DUT), a well-known university in China, and co-founded the Intelligent Fast Charging Technology Innovation Center (the Center ).
Management from EZGO and JSRI-DUT Sign Strategic Cooperation Agreement
EZGO and JSRI-DUT plan to develop new fast charging and wireless charging technologies and solutions, aiming to launch its first fast-charging product by the end of the second quarter of 2021 and a wireless charging solution by the end of 2021. The wireless charging market for E-bicycles is growing rapidly, with the overall market growing at an annual CAGR of 10% and expected to reach $40 Billion by 2026 according to Philips IP&S.
Rocketing Metal Prices Threaten to Hinder EV Affordability
Bloomberg 2 hrs ago Annie Lee
(Bloomberg) A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.
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Lithium, the mainstay for rechargeable power packs used in EVs, is roaring back after a three-year slump in prices, while cobalt surged about 57% last quarter. Nickel jumped to a more-than six-year high earlier this year on optimism about the clean energy transition, though fell in March on plans by a top Chinese producer to beef up its battery business.