• EZGO entered a three-party strategic framework agreement with Autotrax.ai, Zhejiang Hengyuan to develop a U.S.-market autonomous commercial vehicle platform integrating lithium battery packs, smart vehicle control systems, autonomous driving, and a wire-controlled chassis.
• Vehicles developed under the alliance are expected to be assembled at Autotrax.ai’s California facility, supporting localized U.S. assembly requirements for fleet deployment.
• The partners are targeting a U.S. launch of all-weather autonomous logistics vehicles in the first half of 2027.
• EZGO proposed a strategic equity investment in Autotrax.ai, with size and valuation to be set in a definitive agreement, to fund assembly-line expansion, battery testing, engineering scale-up, customer validation, and compliance work tied to a potential future U.S. capital markets transaction.
• EZGO expects to gain the right to appoint one director to Autotrax.ai’s board once the investment closes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EZGO Technologies Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN61702) on May 19, 2026, and is solely responsible for the information contained therein.