EZGO Expands Portfolio of Products with The Launch of Its First Range-Extended E-Scooter in China: The Cenbird

EZGO Expands Portfolio of Products with The Launch of Its First Range-Extended E-Scooter in China: The “Cenbird”

EZGO Expands Portfolio of Products with The Launch of Its First Range-Extended E-Scooter in China: The Cenbird Photo

CHANGZHOU, China, May 4, 2021 —  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.

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 Center. We believe online food delivery services have demand for long range e-scooters which can drive extended distances. Our Company is focused on providing individuals with a cost-effective and environmentally-friendly solution to service this market."

Mr. Ye continued, "EZGO is committed to creating environmentally friendly solutions that provide new and convenient options that fit the changing needs of China’s urban consumer. Our Company designed a range-extended model e-scooter that is attractive, light, and provides battery life that is among the best across our entire product portfolio, addressing the most glaring need across the e-scooter market. Our extended-range e-scooter can be charged while in motion, eliminating a current barrier in the marketplace for customers that need to frequently change batteries or charging batteries. The Cenbird has a range of up to 350 kilometers at a full charge. Our Company continues to focus on developing new products to meet customers’ needs."

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