CHANGZHOU, China, May 24, 2021 /PRNewswire/ -- EZGO
Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the
"Company"), a leading short-distance transportation solutions
provider in China, today announced
preliminary sales results for Dilang and Cenbird, the two major
brands of EZGO e-bicycles for the six months ended March 31, 2021. The Company reported sales of
more than 34,000 e-bicycles (including two wheels and three wheels)
for the period, which is an increase of more than 50% from the same
period last year. Of these 34,000 e-bicycles, approximately 23,000
were two wheeled e-bicycles and approximately 11,000 were three
wheeled e-bicycles. Sales of two wheeled e-bicycles increased by
approximately 47%, while sales of three wheeled e-bicycles
increased by nearly 600% year over year. As a result, the Company
anticipates substantial growth in revenue for the period.
The Company attributes its sales growth to the correct product
strategy and marketing strategy. Paying close attention to the
marketplace, EZGO has been focused on product development and
innovation. During the last six months, it has developed 15 new two
wheeled e-bicycles, scooters, mopeds and leisure e-tricycles and
has obtained seven new CCC certificates, the legal license to
produce and sell e-bicycles in China under the new national standards. The
Company has continued to invest in R&D of intelligent
technology and IoT. It has launched new products with a multimedia
panel and a pre-installed driving safety monitoring system in an
effort to build a vehicle that harnesses technology and is
intelligent, entertaining and fast charging.
Management Commentary
Mr. Jianhui Ye, Chief Executive
Officer of EZGO, stated, "We are now fully engaged in the
manufacturing and selling of e-bicycles and leisure e-tricycles and
attribute the significant sales growth in these first six months to
our marketing strategy and product strategy. We have always placed
importance on establishing our distribution channels and ongoing
development and innovation in our new products. We have integrated
new electronic technology applications, such as vehicle monitoring
modules and multimedia integrated service terminals, into our
products to meet the demands of different customers and look
forward to continue attracting dealers and customers with
innovative products."
About EZGO Technologies Ltd.
Leveraging 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 sale
of E-bicycles and E-bicycle rentals, complemented by the
E-bicycle charging pile business. For additional information,
please visit EZGO's website at www.ezgotech.com.cn. Investors can
visit the "Investor Relations" section of EZGO's website at
http://www.ezgotech.com.cn/Investor/.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the short-distance transportation solutions market in
China and the other international
markets the Company plans to serve; reputation and brand; the
impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in
China and the international
markets the Company plans to serve and assumptions underlying or
related to any of the foregoing and other risks contained in
reports filed by the Company with the SEC. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward–looking
statements to reflect events or circumstances that arise after the
date hereof.
View original
content:http://www.prnewswire.com/news-releases/ezgo-announces-preliminary-sales-results-for-the-six-months-ended-march-31-2021-301297658.html
SOURCE EZGO Technologies Ltd.