The company sources e-bicycle components from suppliers in three regions of China: Changzhou and Wuxi, Zhejiang and Taizhou, and Tianjin. Key components for new standard e-bicycles are procured from external suppliers in Tianjin and Jiangsu, typically on an order basis with potential for long-term agreements. The company established a variable interest entity (VIE) holding 80.87% of Hengmao Power Battery and 100% of Yizhiying IoT. It holds a 51% equity stake in Jiangsu Cenbird through investment; other shareholders include Yan Fang, whose family owns Changzhou Cenbird Electric Bicycle Manufacturing Co., Ltd., a manufacturer of non-new standard e-bicycles exporting to multiple countries, including the United States. Changzhou Cenbird’s e-scooter was jointly developed with Ojo Electric LLC (formerly eUrban LLC), a U.S.-based company. The company has rights to use the "Cenbird" trademark along with associated design, sales capabilities, and channels. Additionally, it develops smart charging piles under the brand "Hengdian," with prototypes tested and certified by the Wuxi Institute for Product Quality Inspection. These smart charging piles provide hardware to franchisees and support self-operation, meeting high safety and Internet of Things (IoT) smart control standards. Research and development efforts continue on a portable M version of the charging piles.
Ezgo Technologies Ltd's Comment on Supply Chain
The company sources e-bicycle components from suppliers in three regions of China: Changzhou and Wuxi, Zhejiang and Taizhou, and Tianjin. Key components for new standard e-bicycles are procured from external suppliers in Tianjin and Jiangsu, typically on an order basis with potential for long-term agreements. The company established a variable interest entity (VIE) holding 80.87% of Hengmao Power Battery and 100% of Yizhiying IoT. It holds a 51% equity stake in Jiangsu Cenbird through investment; other shareholders include Yan Fang, whose family owns Changzhou Cenbird Electric Bicycle Manufacturing Co., Ltd., a manufacturer of non-new standard e-bicycles exporting to multiple countries, including the United States. Changzhou Cenbird’s e-scooter was jointly developed with Ojo Electric LLC (formerly eUrban LLC), a U.S.-based company. The company has rights to use the "Cenbird" trademark along with associated design, sales capabilities, and channels. Additionally, it develops smart charging piles under the brand "Hengdian," with prototypes tested and certified by the Wuxi Institute for Product Quality Inspection. These smart charging piles provide hardware to franchisees and support self-operation, meeting high safety and Internet of Things (IoT) smart control standards. Research and development efforts continue on a portable M version of the charging piles.
Sources:
Ezgo Technologies Ltd's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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