Elephant Motors and Weichai New Energy Commercial Vehicles Announce Strategic Cooperation Agreement

Elephant Motors and Weichai New Energy Commercial Vehicles Reach Strategic Cooperation

On January 17th, according to Elephant Motors, the new energy commercial vehicle company ZO Motors Holdings Limited ("Elephant Motors" or "ZO Motors") announced the official signing of a comprehensive strategic cooperation agreement with Weichai New Energy Commercial Vehicles Co., Ltd. Under the strategic agreement, Elephant Motors will utilize Weichai New Energy Commercial Vehicles' product platform and production base to research, develop, and manufacture intelligent new energy commercial vehicles under the ZO Motors brand. Elephant Motors' commercial vehicles will mainly be sold in overseas markets and will soon be launched in markets including Japan, the United States, South America, Southeast Asia, and the Middle East. It is understood that Elephant Motors is a subsidiary of the Hong Kong-listed company Elephant Future Group.