EZGO Enters Strategic Cooperation With China Railway Construction Property Management

EZGO Technologies Ltd EZGO has signed a strategic cooperation agreement with China Railway Construction Property Management Co Ltd (CRCPM).
The term of the agreement is five years. The financial terms of the deal were not disclosed.
The two parties plan to sign landing contracts based on specific cooperation for different business lines.
Under the agreement, the parties will develop and promote property management services to increase safety and security measures for residents of densely populated high-rise buildings and neighborhoods.
EZGO will provide products and related services, such as unmanned patrol vehicles and smart charging piles, based on the needs of the specific communities under CRCPM management.
Price Action: EZGO shares are trading higher by 6.39% at $3.33 on the last check Wednesday.