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EZGO Launches New Brand with the Release of Seven Independent Innovation Product Models

04 November 2021

EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or "we", "our", or "the Company"), a manufacturer of two- and three-wheeled electric vehicles in China, today announced the launch of its new "EZGO" brand with the release of seven new independent innovation models at the 39th China Electric Vehicle and Parts Exhibition in Jiangsu, China ("the Exhibition").

EZGO launched its new EZGO line of products at the 39th China Electric Vehicle and Parts Exhibition in Jiangsu, China.

At the Exhibition, the Company held its first new EZGO branded product launch event where four ultra-high-speed electric motorcycle models, the "Devil," "Little Angel," "M9," and "Zhuque," (model names may be subject to change) and three new national standard electric bicycles were released. With the launch of these seven new products, EZGO's portfolio of brands now include EZGO, Cenbird and Dilang.

The “Little Angel” model was released at the 39th China Electric Vehicle and Parts Exhibition.

The new EZGO branded line of products feature a sleek, high-quality exterior design and boast superior vehicle performance. The Company anticipates sales and marketing promotions for the four ultra-high-speed electric motorcycles to be focused in American, European and other markets. The trademark of EZGO used on e-bicycles is still under application.

Management Commentary

Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, "We are thrilled to have launched our newly developed EZGO brand and new line of products at the Exhibition, which is one of the most influential and well-regarded events for the electric vehicle industry. This launch is yet another step forward in EZGO's growth strategy as we remain focused on becoming China's leading short-distance transportation solutions provider. We look forward to bringing our premier line of ultra-high-speed electric motorcycle products to overseas markets as we seek to expand our international following."

About EZGO Technologies Ltd.

Leveraging an Internet of Things (IoT) product and service platform and three E-bicycle brands, "EZGO", "Dilang" and "Cenbird", EZGO has established a business model centered on the manufacturing and sale of two- and three-wheeled electric vehicles, complemented by the E-bicycle charging pile business. For additional information, please visit EZGO's website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO's website at www.ezgotech.com.cn/Investor.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

At the Company: 
Shawn Wen 
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (+86) 13502829216 

Investor Relations:
Carolyne Sohn
The Equity Group Inc.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (415) 568-2255

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