- EZGO Technologies Ltd EZGO announced an affiliate of its PRC subsidiary has entered into an operating agreement with the Tancheng local administration in Linyi City, Shandong Province.
- Under the agreement, EZGO will have exclusive rights to operate e-bicycle sharing services, providing up to 3,000 e-bicycles for bike-sharing purposes in the Tancheng local area.
- The term of the agreement is three years, commencing from November 9, 2021, to November 8, 2024. The financial terms were not disclosed.
- Price Action: EZGO shares are trading lower by 6.31% at $2.08 on the last check Friday.
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