EZGO Technologies Acquires Full Ownership of Changzhou Manufacturing Facility

EZGO Technologies has announced that it has secured full legal ownership of its self-built manufacturing facility located in Changzhou, China. The acquisition was executed through its wholly-owned subsidiary, Jiangsu EZGO New Energy Technology Co., Ltd. This strategic move is designed to consolidate the company's assets and facilitate a significant scale-up in production capacity for its short-distance transportation solutions. By securing full ownership, EZGO aims to reduce operational risks and establish a robust foundation for long-term production growth. The transition to full legal control is expected to enhance the company's manufacturing efficiency and supply chain management. This development provides a positive outlook for the Nasdaq-listed firm as it strengthens its industrial footprint in the electric vehicle sector.