Benzinga | Sep 15, 2021 02:25PM EDT

EZGO Enters Strategic Cooperation With China Railway Construction Property Management

* EZGO Technologies Ltd (NASDAQ:EZGO) has signed a strategic cooperation agreement with China Railway Construction Property Management Co Ltd (CRCPM).

* The term of the agreement is five years. The financial terms of the deal were not disclosed.

* The two parties plan to sign landing contracts based on specific cooperation for different business lines.

* Under the agreement, the parties will develop and promote property management services to increase safety and security measures for residents of densely populated high-rise buildings and neighborhoods.

* EZGO will provide products and related services, such as unmanned patrol vehicles and smart charging piles, based on the needs of the specific communities under CRCPM management.

* Price Action: EZGO shares are trading higher by 6.39% at $3.33 on the last check Wednesday.