Ezgo Technologies Ltd. (中国)

The Company is mainly engaged in sales of battery packs, battery cells, as well as electric bicycles (“e-bicycle”) and battery cell trading, and also provides battery and e-bicycle rental services in People's Republic of China.
The Company is a holding company with operating subsidiaries and a VIE, and with all of its operations and assets in China. The Company s vision is to be a leading short-distance transportation solutions provider in China. Leveraging its IoT product and service platform, the Company has preliminarily established a business model centered on the sale of e-bicycles and battery and e-bicycle rentals, complemented by sale of battery packs, battery cell trading and its charging pile business. Currently, the Company trade lithium cells; rent and sell lithium batteries; design, manufacture, rent and sell e-bicycles and e-tricycles; and sell, franchise and operate smart charging piles for e-bicycles and other electronic devices. The Company trades lithium battery cells by securing sales contracts with downstream customers, purchasing from suppliers and reselling lithium cell products to such customers.
The Company smart charging piles satisfy the highest electric spark fire protection standards that are obtainable in the PRC, IoT smart control capability, which allows to remotely monitor the charging status of each port, and a broad voltage range, and can be used to charge e-bicycles, mobile phones and laptops.
The Company has determined that it operates in two operating segments: Battery cells and packs segment, e-bicycles sales segment. The battery cells and packs segment engaged in selling battery packs. The e-bicycle sales segment sells e-bicycles offline to regional exclusive distributors and wholesalers and on various online e-commerce platforms to individual customers.
History
2014 The Company was founded in 2014 and is headquartered in Changzhou, China.
2018 In August 2018, the Company established Yizhiying IoT to develop and manage our IoT platform. Through Yizhiying IoT, it have continued to upgrade and enhance our IoT operating platform.
In October 2018, the Company decided to make a strategic shift from battery cell manufacturing to focus on the packing and sale of lithium batteries and the rental of lithium batteries and e-bicycles
2019 The Company formerly known as EZGO IOT Tech Services Co., Ltd., is a holding company incorporated under the laws of the British Virgin Islands (“BVI”) on January 24, 2019.
On July 30, 2019, the Comapny established Jiangsu Baozhe as a holding and management company, holding 80.87 of the equity of Hengmao Power Battery (the remaining equity being owned by two institutional investors) and 100 of the equity of Yizhiying IoT. On September 6, 2019, it decided to cooperate with Jiangsu Cenbird.
2021 The Company s ordinary shares are listed for trading on the Nasdaq Capital Market under the symbol “EZGO.” The shares began trading on January 26, 2021 on the Nasdaq Capital Market.