CHANGZHOU, China, April 20, 2021 /PRNewswire/ -- 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").
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.
The main purpose of this alliance between EZGO and JSRI-DUT is
to facilitate extensive cooperation in technology research,
standardization of wireless charging solutions, promotion of
certain wireless charging applications, utilization of intellectual
property and talent development in the area of intelligent fast
charging technology by leveraging the resource advantages from both
JSRI-DUT and the Company.
EZGO has devoted resources to the research and development of
fast charging technologies/solutions, and has been seeking a
partner to improve its research abilities. The newly-founded Center
will further optimize the Company's fast charging technology,
including accelerating the charging speed of lithium batteries,
improving the charging efficiency and safety, and extending the
battery life. By applying fast-charging technology to solve the
problem of low energy density, EZGO will also provide its
intelligent solutions for carbon emission reduction and carbon
neutralization, through setting up a post-doctoral innovation hub
to attract and train high-end talents in the industry.
Mr. Jianhui Ye, Chief Executive
Officer of EZGO, stated, "One of our principal goals is to
establish partnerships that will help to both drive EZGO's research
and development efforts and advance battery technology for the
entire E-bicycle industry. In the future, EZGO plans to further
increase its R&D expenditures in charging technology,
intelligent technology and 5G scenario applications. We are pleased
to collaborate with JSRI-DUT. We believe this relationship can
serve as a foundation for promoting technology development."
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
E-bicycle charging pile business. For additional information,
please visit EZGO's website at www.ezgotech.com.cn. Investors can
visit at 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.
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SOURCE EZGO Technologies Ltd.