Why Battery Manufacturing Company EZGO's Shares Are Soaring Today
Portfolio Pulse from Shivani Kumaresan
EZGO Technologies Ltd (NASDAQ:EZGO) shares surged 44.83% to $2.26 after announcing a procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd, a subsidiary of Huiyu Holdings Group. Under the deal, EZGO will sell twelve security patrol robots and one intelligent patrol platform for $1.84 million, with delivery and installation within nine months. The robots feature advanced capabilities like self-navigation and live video streaming, intended for use in Huiyu Intelligent Innovation Park in Hangzhou, China.
April 12, 2024 | 4:56 pm
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EZGO Technologies Ltd shares jumped 44.83% following the announcement of a significant procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd.
The sharp increase in EZGO's stock price is directly attributed to the announcement of the procurement agreement, which is expected to boost the company's revenues and market presence in the security and robotics sector. The deal not only signifies a significant sales achievement but also enhances EZGO's credibility and visibility in the market, potentially leading to more such agreements in the future.
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