{"success":true,"data":{"pressRelease":{"id":"39214","rtpr_id":"nPn43ySCka","ticker":"EZGO","exchange":"NASDAQ","all_tickers":["EZGO"],"title":"EZGO Technologies Signed Three-Party Strategic Framework Agreement with Autotrax.ai and Zhejiang Hengyuan to Build a U.S.-Assembled Autonomous Vehicle Platform Powered by Lithium Battery and iChassis Technology","author":"PR Newswire","published_at":"2026-05-19T12:30:06.778Z","article_body":"EZGO Technologies Signed Three-Party Strategic Framework Agreement with Autotrax.ai and Zhejiang Hengyuan to Build a U.S.-Assembled Autonomous Vehicle Platform Powered by Lithium Battery and iChassis Technology\n\nPR Newswire\n\nCHANGZHOU, China, May 19, 2026\n\nThree-party alliance integrating EZGO's high-performance lithium battery and\nvehicle control system (VCS) technology, Zhejiang Hengyuan's iChassis\nplatform, and Autotrax.ai's U.S.-based autonomous driving engineering and\nCalifornia assembly capability\n\nCHANGZHOU, China, May 19, 2026 /PRNewswire/ -- EZGO Technologies Ltd.\n(Nasdaq: EZGO) today announced the signing of a Strategic Investment and\nIndustrial Cooperation Framework Agreement (\"Agreement\") among EZGO,\nAutotrax.ai Inc. (\"Autotrax.ai\"), and Zhejiang Hengyuan Machinery Co., Ltd.\n(\"Zhejiang Hengyuan\"). The three parties will integrate their complementary\nand non-overlapping core capabilities to create a vertically integrated\n\"lithium battery pack + smart EV control + autonomous driving\" commercial\nvehicle solution purpose-built for the U.S. market.\n\nStrategic Synergy and \"California Assembly\"\nEach party brings a distinct, non-overlapping capability:\n\n * EZGO: High-performance lithium battery pack manufacturing with\nwide-temperature capability; proprietary intelligent vehicle control system\n(VCS) built on the PLC(\"Programmable Logic\nController\")/CoDeSys(\"ControllerDevelopment System\") platform; Nasdaq Capital\nMarkets-listed company with business development capability in North America.\n * Autotrax.ai: A U.S.-incorporated autonomous vehicle technology and local\nassembly company with California-based manufacturing operations; engineering\nexperience with advanced autonomous driving systems and visual neural network\narchitectures; local assembly and commercialization capability designed to\nsupport U.S. market access and compliance requirements.\n * Zhejiang Hengyuan: Proprietary full-series iChassis wire-controlled chassis\nplatform (0.5–2-ton payload range), with intellectual property rights\nprotected by multiple patents; track record of delivering more than 3,000\nunits to autonomous vehicle customers including WeRide and Jiushi.\nAll co-developed vehicles are expected to be assembled at Autotrax.ai's\nCalifornia facility, supporting localized U.S. assembly requirements for\ncommercial fleet deployment and procurement opportunities.\n\nInitial Market Launch\nThe three-party alliance aims to launch all-weather autonomous logistics\ncommercial vehicles in the U.S. market in the first half of 2027, targeting\nrapidly growing commercial logistics and intelligent transportation segments\nin North America.\n\nStrategic Investment\nUnder the Agreement, EZGO proposes to make a strategic equity investment in\nAutotrax.ai, with the specific amount and valuation to be determined in a\ndefinitive agreement. Proceeds from the investment are expected to support\nexpansion of Autotrax.ai's U.S. assembly line, introduction of lithium battery\ntesting capabilities, engineering scale-up and customer validation, and\ncompliance restructuring in preparation for a potential future U.S. capital\nmarkets transaction.\n\nUpon completion of the proposed investment, EZGO is expected to have the right\nto appoint one director to Autotrax.ai's board.\n\nManagement Commentary\n\"This three-party alliance brings together three complementary strengths:\nEZGO's lithium battery manufacturing expertise and intelligent VCS technology,\nZhejiang Hengyuan's iChassis platform validated by autonomous vehicle\ncompanies, and Autotrax.ai's U.S.-based autonomous driving engineering and\nCalifornia assembly capability. We believe this collaboration positions us to\nparticipate in the rapidly evolving autonomous commercial vehicle market in\nNorth America.\" — Ye Jianhui, Chairman & CEO, EZGO Technologies\n\nAbout EZGO Technologies Ltd.\nLeveraging an Internet of Things (IoT) product and service platform, EZGO has\nestablished a business model centered on the design, manufacturing and sale of\nelectric mobility products, intelligent robots and related accessories,\nincluding batteries, charging facilities and electronic control systems. For\nadditional information, please visit EZGO's website at www.ezgotech.com.cn\n(https://www.ezgotech.com.cn/) . Investors can visit the \"Investor Relations\"\nsection of EZGO's website at www.ezgotech.com.cn/Investor\n(http://www.ezgotech.com.cn/Investor) .\n\nAbout Autotrax.ai Inc. and Zhejiang Hengyuan Machinery Co., Ltd.\nAutotrax.ai Inc. is a U.S.-incorporated autonomous vehicle technology and\nlocal assembly company with a California manufacturing base, specializing in\nFSD integration with leading visual neural network autonomous driving\narchitectures. Zhejiang Hengyuan Machinery Co., Ltd.\n(浙江恒源机器有限公司) is a China-based wire-controlled chassis\ndeveloper and manufacturer with a proprietary iChassis platform covering\n0.5–2-tonne payload range; 3,000+ units delivered to autonomous vehicle\nindustry leaders including WeRide (文远知行) and Jiushi.\n\nSafe Harbor Statement\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ninclude statements concerning plans, objectives, goals, strategies, future\nevents or performance, and underlying assumptions and other statements that\nare other than statements of historical facts. When the Company uses words\nsuch as \"may,\" \"will,\" \"intend,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\"\n\"project,\" \"estimate,\" or similar expressions that do not relate solely to\nhistorical matters, it is making forward-looking statements. Forward-looking\nstatements are not guarantees of future performance and involve risks and\nuncertainties that may cause actual results to differ materially from the\nCompany's expectations discussed in the forward-looking statements. These\nstatements are subject to uncertainties and risks including, but not limited\nto, the Company's goals and strategies; the Company's future business\ndevelopment; product and service demand and acceptance; changes in technology;\neconomic conditions; the growth of the markets in which the Company operates;\nreputation and brand; the impact of competition and pricing; government\nregulations; and fluctuations in general economic and business conditions in\nChina and international markets. Additional factors are discussed in the\nCompany's filings with the U.S. Securities and Exchange Commission. The\nCompany undertakes no obligation to publicly revise these forward-looking\nstatements to reflect events or circumstances that arise after the date\nhereof.\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/ezgo-technologies-signed-three-party-strategic-framework-agreement-with-autotraxai-and-zhejiang-hengyuan-to-build-a-us-assembled-autonomous-vehicle-platform-powered-by-lithium-battery-and-ichassis-technology-302774650.html\n(https://www.prnewswire.com/news-releases/ezgo-technologies-signed-three-party-strategic-framework-agreement-with-autotraxai-and-zhejiang-hengyuan-to-build-a-us-assembled-autonomous-vehicle-platform-powered-by-lithium-battery-and-ichassis-technology-302774650.html)\n\nSOURCE EZGO Technologies Ltd.\n\n\n\nShawn Wen, Investor Relations, Email: ir@ez-go.com.cn, Phone: +86 13502829216\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn43ySCka","title":"EZGO Technologies Signed Three-Party Strategic Framework Agreement with Autotrax.ai and Zhejiang Hengyuan to Build a U.S.-Assembled Autonomous Vehicle Platform Powered by Lithium Battery and iChassis Technology","author":"PR Newswire","ticker":"EZGO","created":"2026-05-19T12:30:06.778Z","tickers":["EZGO"],"exchange":"NASDAQ","article_body":"EZGO Technologies Signed Three-Party Strategic Framework Agreement with Autotrax.ai and Zhejiang Hengyuan to Build a U.S.-Assembled Autonomous Vehicle Platform Powered by Lithium Battery and iChassis Technology\n\nPR Newswire\n\nCHANGZHOU, China, May 19, 2026\n\nThree-party alliance integrating EZGO's high-performance lithium battery and\nvehicle control system (VCS) technology, Zhejiang Hengyuan's iChassis\nplatform, and Autotrax.ai's U.S.-based autonomous driving engineering and\nCalifornia assembly capability\n\nCHANGZHOU, China, May 19, 2026 /PRNewswire/ -- EZGO Technologies Ltd.\n(Nasdaq: EZGO) today announced the signing of a Strategic Investment and\nIndustrial Cooperation Framework Agreement (\"Agreement\") among EZGO,\nAutotrax.ai Inc. (\"Autotrax.ai\"), and Zhejiang Hengyuan Machinery Co., Ltd.\n(\"Zhejiang Hengyuan\"). The three parties will integrate their complementary\nand non-overlapping core capabilities to create a vertically integrated\n\"lithium battery pack + smart EV control + autonomous driving\" commercial\nvehicle solution purpose-built for the U.S. market.\n\nStrategic Synergy and \"California Assembly\"\nEach party brings a distinct, non-overlapping capability:\n\n * EZGO: High-performance lithium battery pack manufacturing with\nwide-temperature capability; proprietary intelligent vehicle control system\n(VCS) built on the PLC(\"Programmable Logic\nController\")/CoDeSys(\"ControllerDevelopment System\") platform; Nasdaq Capital\nMarkets-listed company with business development capability in North America.\n * Autotrax.ai: A U.S.-incorporated autonomous vehicle technology and local\nassembly company with California-based manufacturing operations; engineering\nexperience with advanced autonomous driving systems and visual neural network\narchitectures; local assembly and commercialization capability designed to\nsupport U.S. market access and compliance requirements.\n * Zhejiang Hengyuan: Proprietary full-series iChassis wire-controlled chassis\nplatform (0.5–2-ton payload range), with intellectual property rights\nprotected by multiple patents; track record of delivering more than 3,000\nunits to autonomous vehicle customers including WeRide and Jiushi.\nAll co-developed vehicles are expected to be assembled at Autotrax.ai's\nCalifornia facility, supporting localized U.S. assembly requirements for\ncommercial fleet deployment and procurement opportunities.\n\nInitial Market Launch\nThe three-party alliance aims to launch all-weather autonomous logistics\ncommercial vehicles in the U.S. market in the first half of 2027, targeting\nrapidly growing commercial logistics and intelligent transportation segments\nin North America.\n\nStrategic Investment\nUnder the Agreement, EZGO proposes to make a strategic equity investment in\nAutotrax.ai, with the specific amount and valuation to be determined in a\ndefinitive agreement. Proceeds from the investment are expected to support\nexpansion of Autotrax.ai's U.S. assembly line, introduction of lithium battery\ntesting capabilities, engineering scale-up and customer validation, and\ncompliance restructuring in preparation for a potential future U.S. capital\nmarkets transaction.\n\nUpon completion of the proposed investment, EZGO is expected to have the right\nto appoint one director to Autotrax.ai's board.\n\nManagement Commentary\n\"This three-party alliance brings together three complementary strengths:\nEZGO's lithium battery manufacturing expertise and intelligent VCS technology,\nZhejiang Hengyuan's iChassis platform validated by autonomous vehicle\ncompanies, and Autotrax.ai's U.S.-based autonomous driving engineering and\nCalifornia assembly capability. We believe this collaboration positions us to\nparticipate in the rapidly evolving autonomous commercial vehicle market in\nNorth America.\" — Ye Jianhui, Chairman & CEO, EZGO Technologies\n\nAbout EZGO Technologies Ltd.\nLeveraging an Internet of Things (IoT) product and service platform, EZGO has\nestablished a business model centered on the design, manufacturing and sale of\nelectric mobility products, intelligent robots and related accessories,\nincluding batteries, charging facilities and electronic control systems. For\nadditional information, please visit EZGO's website at www.ezgotech.com.cn\n(https://www.ezgotech.com.cn/) . Investors can visit the \"Investor Relations\"\nsection of EZGO's website at www.ezgotech.com.cn/Investor\n(http://www.ezgotech.com.cn/Investor) .\n\nAbout Autotrax.ai Inc. and Zhejiang Hengyuan Machinery Co., Ltd.\nAutotrax.ai Inc. is a U.S.-incorporated autonomous vehicle technology and\nlocal assembly company with a California manufacturing base, specializing in\nFSD integration with leading visual neural network autonomous driving\narchitectures. Zhejiang Hengyuan Machinery Co., Ltd.\n(浙江恒源机器有限公司) is a China-based wire-controlled chassis\ndeveloper and manufacturer with a proprietary iChassis platform covering\n0.5–2-tonne payload range; 3,000+ units delivered to autonomous vehicle\nindustry leaders including WeRide (文远知行) and Jiushi.\n\nSafe Harbor Statement\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ninclude statements concerning plans, objectives, goals, strategies, future\nevents or performance, and underlying assumptions and other statements that\nare other than statements of historical facts. When the Company uses words\nsuch as \"may,\" \"will,\" \"intend,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\"\n\"project,\" \"estimate,\" or similar expressions that do not relate solely to\nhistorical matters, it is making forward-looking statements. Forward-looking\nstatements are not guarantees of future performance and involve risks and\nuncertainties that may cause actual results to differ materially from the\nCompany's expectations discussed in the forward-looking statements. These\nstatements are subject to uncertainties and risks including, but not limited\nto, the Company's goals and strategies; the Company's future business\ndevelopment; product and service demand and acceptance; changes in technology;\neconomic conditions; the growth of the markets in which the Company operates;\nreputation and brand; the impact of competition and pricing; government\nregulations; and fluctuations in general economic and business conditions in\nChina and international markets. Additional factors are discussed in the\nCompany's filings with the U.S. Securities and Exchange Commission. The\nCompany undertakes no obligation to publicly revise these forward-looking\nstatements to reflect events or circumstances that arise after the date\nhereof.\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/ezgo-technologies-signed-three-party-strategic-framework-agreement-with-autotraxai-and-zhejiang-hengyuan-to-build-a-us-assembled-autonomous-vehicle-platform-powered-by-lithium-battery-and-ichassis-technology-302774650.html\n(https://www.prnewswire.com/news-releases/ezgo-technologies-signed-three-party-strategic-framework-agreement-with-autotraxai-and-zhejiang-hengyuan-to-build-a-us-assembled-autonomous-vehicle-platform-powered-by-lithium-battery-and-ichassis-technology-302774650.html)\n\nSOURCE EZGO Technologies Ltd.\n\n\n\nShawn Wen, Investor Relations, Email: ir@ez-go.com.cn, Phone: +86 13502829216\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-19T12:30:06.798890954Z","server_sent_at_ms":1779193806798},"received_at":"2026-05-19T12:30:06.857Z","source_url":"https://www.prnewswire.com/news-releases/ezgo-technologies-signed-three-party-strategic-framework-agreement-with-autotraxai-and-zhejiang-hengyuan-to-build-a-us-assembled-autonomous-vehicle-platform-powered-by-lithium-battery-and-ichassis-technology-302774650.html"},"analysis":{"id":"28656","press_release_id":"39214","analysis_json":{"industry":{"label":"Industrial Machinery","sector":"Industrials"},"redFlags":["Investment amount and valuation for Autotrax.ai are not yet determined","Agreement is a 'framework' with no binding financial commitments disclosed","Forward-looking statements regarding U.S. market launch in H1 2027 carry execution risk"],"eventType":"partnership","narrative":"EZGO Technologies signed a three-party strategic framework agreement with Autotrax.ai and Zhejiang Hengyuan to build a U.S.-assembled autonomous commercial vehicle platform.\n\nThe alliance combines EZGO's lithium battery and vehicle control systems, Zhejiang Hengyuan's iChassis wire-controlled chassis, and Autotrax.ai's U.S. autonomous driving engineering and California assembly capabilities.\n\nEZGO proposes a strategic equity investment in Autotrax.ai to fund assembly line expansion and compliance, with the right to appoint one director to Autotrax.ai's board upon completion. The partners aim to launch all-weather autonomous logistics vehicles in the U.S. market in the first half of 2027.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"EZGO pivots to autonomous commercial vehicles via three-way alliance; proposes equity stake in U.S. assembler Autotrax.ai."},"keyFigures":{"customDimensions":{"payload_range":"0.5-2-ton","units_delivered_by_partner":"3,000+"}},"quotedText":"This three-party alliance brings together three complementary strengths: EZGO's lithium battery manufacturing expertise and intelligent VCS technology, Zhejiang Hengyuan's iChassis platform validated by autonomous vehicle companies, and Autotrax.ai's U.S.-based autonomous driving engineering and California assembly capability.","namedEntities":{"people":[{"name":"Ye Jianhui","role":"Chairman & CEO"},{"name":"Shawn Wen","role":"Investor Relations"}],"products":["iChassis","VCS","lithium battery pack"],"companies":[{"name":"EZGO Technologies Ltd.","ticker":"EZGO","relationship":"filer"},{"name":"Autotrax.ai Inc.","relationship":"partner"},{"name":"Zhejiang Hengyuan Machinery Co., Ltd.","relationship":"partner"},{"name":"WeRide","relationship":"customer of partner"},{"name":"Jiushi","relationship":"customer of partner"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Strategic framework agreement with two partners to build a vertically integrated autonomous vehicle platform for the U.S. market. Includes a proposed strategic equity investment in Autotrax.ai and board seat, signaling a significant strategic pivot toward autonomous commercial vehicles. However, it is a 'framework' agreement with no definitive deal value or binding terms yet, limiting immediate material impact."},"tickerRelevance":{"others":[],"primary":"EZGO"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"strategic_partnership","sectorWeight":"high_growth_autonomous","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"EZGO Technologies signed a three-party strategic framework agreement with Autotrax.ai and Zhejiang Hengyuan to build a U.S.-assembled autonomous commercial vehicle platform.\n\nThe alliance combines EZGO's lithium battery and vehicle control systems, Zhejiang Hengyuan's iChassis wire-controlled chassis, and Autotrax.ai's U.S. autonomous driving engineering and California assembly capabilities.\n\nEZGO proposes a strategic equity investment in Autotrax.ai to fund assembly line expansion and compliance, with the right to appoint one director to Autotrax.ai's board upon completion. The partners aim to launch all-weather autonomous logistics vehicles in the U.S. market in the first half of 2027.","key_figures":{"customDimensions":{"payload_range":"0.5-2-ton","units_delivered_by_partner":"3,000+"}},"named_entities":{"people":[{"name":"Ye Jianhui","role":"Chairman & CEO"},{"name":"Shawn Wen","role":"Investor Relations"}],"products":["iChassis","VCS","lithium battery pack"],"companies":[{"name":"EZGO Technologies Ltd.","ticker":"EZGO","relationship":"filer"},{"name":"Autotrax.ai Inc.","relationship":"partner"},{"name":"Zhejiang Hengyuan Machinery Co., Ltd.","relationship":"partner"},{"name":"WeRide","relationship":"customer of partner"},{"name":"Jiushi","relationship":"customer of partner"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-19T12:34:12.717Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"strategic_partnership","sectorWeight":"high_growth_autonomous","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":24178,"modelName":"george-droid-qwen-72b"}}