What Ezgo Technologies does

Ezgo Technologies Ltd. is a BVI-incorporated holding company (formed January 24, 2019) that operates through PRC subsidiaries including Jiangsu Yidianxing, Changzhou Hengmao Power Battery, Changzhou Yizhiying IoT, Jiangsu Cenbird E-Motorcycle, Tianjin Dilang, and Jiangsu EZGO New Energy Technology. The company manufactures and sells electric bicycles, electric tricycles, and electric motorcycles under the Dilang (迪豪) and Cenbird (世纪鸟) sub-brands, offering more than 30 types of leisure electric tricycles and more than 20 types of new national-standard e-bicycles. It also deploys IoT-enabled smart charging infrastructure under the Hengdian (恒电) brand, operates a Yizhiying IoT platform for fleet tracking and rental management, and sells and rents lithium battery packs (including graphene-based variants) to delivery service professionals. The newly completed 36,547 square-meter Changzhou facility is designed to produce up to 100,000 electric two-wheelers, 5,000 unmanned patrol vehicles, and 0.5 GWh of lithium batteries annually. The technology base rests on lithium battery manufacturing expertise dating back to 2014, the in-house IoT platform launched in 2018, and a May 2026 strategic partnership with Autotrax.ai and Zhejiang Hengyuan for a US-assembled wire-controlled chassis platform targeting autonomous logistics vehicles in the first half of 2027.

The business model combines one-time hardware sales (e-bicycles, e-tricycles, e-motorcycles, lithium battery packs, smart charging piles), recurring rental revenue from lithium batteries and e-bicycles targeting delivery riders and individual consumers, and franchise/managed-services revenue from a five-year charging-pile franchise program with co-investment and income-sharing terms. Distribution is multi-channel: direct retail sales across China's major urban agglomerations including Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta, and inland cities such as Chengdu, Xi'an, and Zhengzhou; franchise and direct operation of approximately 2,000 charging piles across Wuxi, Suzhou, Wenzhou, Wuhu, and Changzhou; and export distribution under the Dilang and Cenbird brands to Southeast Asia, the Middle East, Central and Eastern Europe, and North America. E-bike retail pricing is low-ticket, with models starting from ¥730 (Xiaoqingxin) to ¥1,259 (Yuexiang No. 2, Xiaoyuzhou No. 2). The company is publicly listed on NASDAQ under ticker EZGO (IPO January 26, 2021) and executed a 1-for-150 reverse stock split on May 19, 2026 to maintain Nasdaq Capital Market listing compliance. FY2025 revenue was approximately $20.5M against a net loss of $8.69M.

Name

Ezgo Technologies

Legal name

EZGO Technologies Ltd.

Website

https://ezgotech.com.cn

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Ezgo Technologies manufactures electric bicycles, e-tricycles, and e-motorcycles under Dilang and Cenbird brands and operates an IoT-enabled ecosystem of lithium battery rental, e-bicycle rental, and Hengdian smart charging piles in China with international exports.

Ownership category

akta.pro rank

Product category

Electric Two-Wheeled and Three-Wheeled Vehicles

NAICS

Motorcycle, Bicycle, and Parts Manufacturing (336991), Battery Manufacturing (33591)

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

E-bikes & E-cargo Bikes Manufacturing (IMACAOAA)

akta.pro secondary industries

E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), Charging Systems & Swappable Battery Infrastructure Manufacturing (IMACAOAF), Battery Pack & Module Manufacturing (EV) (IMACACAA), E-Bike Retail (CRAMAHAE)

Keywords

• Electric two-wheeled vehicles
• Electric bicycles manufacturer
• Lithium battery packs
• Smart charging infrastructure
• E-mobility rental services

Headquarters

HQ city

Nanjing

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. E-bicycle and E-tricycle Sales: Design, manufacture, and sale of electric bicycles and tricycles under Dilang and Cenbird brands. Products include new national standard e-bicycles, electric motorcycles, e-mopeds, and leisure electric tricycles.
2. Lithium Battery Sales and Rental: Sale and rental of lithium battery packs targeting delivery service professionals and e-bicycle users. Battery rental launched January 2017 targeting EMS, express services, and Meituan/Elema delivery personnel.
3. Smart Charging Pile Operations: Hardware provision to franchisees under co-investment and income-sharing arrangements, plus direct operation of charging stations. Revenue from charging fees and potential advertising income from LCD-display equipped stations.
4. Battery Cell Trading: Trading of lithium battery cells as part of the company's industrial transition from cell manufacturing to packing and integration services.
5. E-bicycle Rental Services: Rental services for e-bicycles targeting deliverymen, students, business travelers, and migrant workers. Services provided through individual sublease agents.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

EZGO designs, manufactures, and sells electric bicycles, electric motorcycles, and electric tricycles under the Dilang and Cenbird brands in domestic China and export markets. Beyond vehicles, the company sells and rents lithium battery packs (including graphene-based variants with 0.5 GWh annual capacity) and operates IoT-enabled Hengdian-branded smart charging piles through direct stations and a franchise network, supported by the proprietary Yizhiying IoT platform.

Product overview

Ezgo Technologies operates as a short-distance transportation solutions provider with a multi-segment business model centered on electric two-wheeled and three-wheeled vehicles. The company manufactures and sells e-bicycles, e-motorcycles, and e-tricycles under two primary sub-brands: Dilang (迪浪) and Cenbird (世纪鸟), offering over 30 types of leisure electric tricycles and more than 20 types of new national standard e-bicycles. The product portfolio is complemented by lithium battery rental services targeting delivery professionals, e-bicycle rental operations, and IoT-enabled smart charging piles under the Hengdian brand. A proprietary Yizhiying IoT platform manages fleet tracking, battery monitoring, and rental operations. Production capabilities include a 36,547 sqm Changzhou facility targeting 100,000 electric two-wheelers, 5,000 unmanned patrol vehicles, and 0.5 GWh of lithium batteries annually. The company holds national first-class electric motorcycle production qualification and serves domestic and export markets including Southeast Asia, Middle East, Central/Eastern Europe, and North America.

Differentiator

Problem solved

Functional benefit

Brands

• Dilang: Electric bicycle and e-tricycle brand manufactured by Tianjin Dilang Technologies Co., Ltd.
• Cenbird
• Hengdian
• Jiangsu Baozhe

Products and services

• Dilang (迪浪) Electric Bicycles and E-Motorcycles EZGO's Dilang-branded line of electric bicycles, electric motorcycles, and e-tricycles, including models such as Jinying (350W brushless motor, LED headlight, remote alarm), Xiaoying (60/72V-32 electric motorcycle with LCD screen and three-speed transmission), Yuexiang No.2 (48/60V-20 electric motorcycle), Jiudian No.6, Haiou, and others. Sold through domestic retail networks and exported internationally, with prices starting from ¥730 / ~$100. Targeted at individual commuters, students, and export distributors.
• Cenbird (世纪鸟) Electric Bicycles, E-Motorcycles and E-Tricycles Cenbird-branded electric bicycles, electric motorcycles, and electric tricycles manufactured via Jiangsu Cenbird E-Motorcycle Technologies Co., Ltd. and distributed under EZGO's export footprint to the United States, Brazil, Israel, Southeast Asia, and Europe. Includes model lines such as Xiaoying, Jiudian No.6, and the e-tricycle line (Lingdong, T6, X7).
• EZGO Electric Tricycles (Lingdong, T6, X7) EZGO's electric tricycle range including Lingdong (500W motor, 12-tube controller, 300-8 vacuum tires, convertible 1-to-3 seat design), T6 (650W Mingzun motor, LCD digital instrument panel, hydraulic shock absorption), and X7 (500W Mingzun motor, vacuum tires, convertible cargo seat). Targeted at leisure, cargo, and short-distance urban mobility use.
• Graphene-based and Conventional Lithium Battery Packs Lithium battery packs (including graphene-based variants) developed and manufactured through Changzhou Hengmao Power Battery Technology Co., Ltd. (Hengmao), with 0.5 GWh of annual graphene-battery capacity at the Changzhou facility and an additional 100 million Ah of cell capacity at the original 15,000 sqm plant. Sold outright and integrated into EZGO's own e-bicycles, with battery cell trading as a separate activity.
• Hengdian (恒电) Smart Charging Piles IoT-enabled smart charging stations developed and manufactured by EZGO under the Hengdian brand, with remote monitoring, fire-protection standard certification, and multi-device support for e-bicycles, mobile phones, and laptops. Deployed via direct operation and a five-year franchise model across Wuxi, Suzhou, Wenzhou, Wuhu, and Changzhou, totaling approximately 2,000 piles by March 31, 2020 (800 franchisee-operated, 1,200 directly operated).
• Lithium Battery Rental Service Subscription-style rental of lithium battery packs for delivery professionals and individual e-bicycle users, with battery swap capability to support extended delivery shifts. Targets EMS riders, express couriers, Meituan/Ele.me delivery riders, and e-bicycle owners needing affordable access to long-lasting batteries.
• E-bicycle Rental Service Rental of EZGO e-bicycles to delivery riders, students, business travelers, and migrant workers, distributed through individual sublease agents in Changzhou, Wenzhou, Wuhu and other Chinese cities. Complementary to the lithium battery rental service for full-stack delivery mobility.

Quantifiable outcome

• Annual production capacity of 100,000 electric two-wheeled vehicles at Changzhou facility
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Autotrax.aicoreStrategic or Co-development Partner · 19 May 2026Three-party strategic framework agreement with EZGO and Zhejiang Hengyuan to build U.S.-assembled autonomous commercial vehicle platform. Autotrax.ai provides California-based autonomous driving engineering and assembly capabilities. EZGO proposes strategic equity investment to fund US assembly line expansion, lithium battery testing, engineering scale-up, and compliance restructuring.
• Zhejiang Hengyuan Machinery Co., Ltd.coreStrategic or Co-development Partner · 19 May 2026Three-party partnership providing iChassis wire-controlled chassis platforms with 0.5-2 ton payload capacity. Zhejiang Hengyuan has delivered over 3,000 units to autonomous vehicle companies including WeRide and Jiushi. Provides vehicle platform technology for US-assembled autonomous logistics commercial vehicles targeting launch in first half of 2027.
• WeRideminorOthersAutonomous vehicle company that has received over 3,000 chassis platforms from Zhejiang Hengyuan, mentioned as reference customer for platform technology capabilities.
• Jiushi (九识)minorOthersAutonomous vehicle company that has received over 3,000 chassis platforms from Zhejiang Hengyuan, mentioned as reference customer for platform technology capabilities.

Scale indicators15 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Yadea Group Holdings Ltd. Yadea (HKEX:1585) is China's largest electric two-wheeler manufacturer, producing e-bikes, e-scooters, and e-motorcycles with nationwide dealer networks and serves both domestic and export markets. Directly comparable to EZGO's Dilang/Cenbird-branded electric bicycles and e-motorcycles across similar customer segments and price points.
• Aima Technology Group Co., Ltd. Aima (SH:603529) is one of China's top electric bicycle manufacturers with extensive brand recognition and nationwide distribution. Competes head-to-head with EZGO in new national standard e-bicycles, e-motorcycles, and leisure electric tricycles across similar Chinese urban and rural channels.
• Niu Technologies: Niu (NASDAQ:NIU) is a smart urban mobility company specializing in premium e-scooters and e-bikes with IoT connectivity. Similar NASDAQ-listed status, similar vehicle categories, comparable IoT-enabled product strategy, and overlapping Chinese/European sales channels make it a close parallel to EZGO.
• Jiangsu Xinri E-Vehicle Co., Ltd. Jiangsu Xinri (SH:603787) is a major Chinese electric bicycle manufacturer with similar product breadth across e-bikes and electric tricycles. Direct competitor to EZGO in both domestic retail and export markets, with comparable new national standard e-bike offerings targeting similar commuter and delivery customer segments.
• Luyuan Group: Luyuan is a privately-held Chinese electric bicycle and motorcycle manufacturer with a long industry track record. Competes with EZGO across e-bikes and electric motorcycles in Chinese urban markets, with comparable regulatory qualifications and distribution through dealer networks in similar geographies.
• Sunra Group (Jiangsu Xinri affiliate) / Electric Two-Wheeler Players: Sunra is a Chinese electric two-wheeler brand producing e-bikes, e-scooters, and e-motorcycles for both domestic and international markets. Overlaps with EZGO's product portfolio across commuter e-bikes and electric motorcycles, serving similar delivery rider and individual consumer segments.
• Ninebot / Segway-Ninebot (Beijing Segway-Ninebot Technology Co., Ltd.): Segway-Ninebot (SH:299688) is a leading Chinese micromobility company producing e-scooters, e-bikes, and self-balancing vehicles with proprietary IoT/Bluetooth platforms. Mirrors EZGO's smart e-bike + IoT monitoring combination and shares the Chinese micromobility competitive landscape, particularly in short-distance urban transportation.
• Tailing Electric Vehicle (Jiangsu Tairui): Tailing Electric Vehicle is a Jiangsu-based Chinese e-bike and e-tricycle manufacturer with national regulatory qualifications. Competes with EZGO in similar e-tricycle and e-bike categories, particularly in Jiangsu/Zhejiang regional markets, sharing the same delivery rider and consumer customer base.

Emerging players

• Star Charge (Wanbang Digital Energy): Star Charge operates one of China's largest EV charging networks, including e-bike and e-scooter charging infrastructure. Directly comparable to EZGO's Hengdian smart charging pile business (IoT-enabled, fire-safety compliant charging stations with franchise/deployment model) across the same Chinese urban customer base.
• Autotrax.ai: Autotrax.ai is the California-based autonomous driving engineering and assembly partner in EZGO's 2026 three-party strategic agreement to build US-assembled autonomous commercial logistics vehicles. Comparable as the adjacent operating partner in EZGO's pivot toward Western autonomous EV market entry from 2027 onward.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ezgo Technologies