EZGO Technologies has signed a strategic investment and cooperation agreement with Autotrax.ai and Zhejiang Hengyuan Machinery to create a vertically integrated commercial vehicle solution purpose-built for the US market.

Zhejiang Hengyuan, which supplies a chassis platform offering a 0.5-2-ton payload range, has delivered more than 3,000 units to autonomous vehicle customers, including WeRide and Jiushi.

The vehicles that the companies develop together will be assembled at Autotrax.ai’s California facility, supporting localized US assembly requirements for commercial fleet deployment and procurement opportunities.

The companies aim to launch all-weather autonomous logistics commercial vehicles in the US market in the first half of 2027, targeting rapidly growing commercial logistics and intelligent transportation segments in North America.

EZGO has proposed making a strategic equity investment in Autotrax.ai. Proceeds from the investment, the amount of which is yet to be determined, are expected to support the expansion of Autotrax.ai’s US assembly line, the introduction of lithium battery testing capabilities, engineering scale-up and customer validation and compliance restructuring in preparation for a potential future US capital market transaction.

“This three-party alliance brings together three complementary strengths: EZGO’s lithium battery manufacturing expertise and intelligent VCS technology, Zhejiang Hengyuan’s iChassis platform validated by autonomous vehicle companies, and Autotrax.ai’s US-based autonomous driving engineering and California assembly capability. We believe this collaboration positions us to participate in the rapidly evolving autonomous commercial vehicle market in North America,” said Ye Jianhui, Chairman and CEO of EZGO Technologies.

Source: EZGO Technologies