Autozi Internet signs $980M MOU with several potential buyers

Autozi Internet (AZI) Technology announced that it has signed a Memorandum of Understanding on Procurement Intentions with several potential buyers, representing a total amount of approximately $980M. The parties intend to engage in centralized procurement cooperation for complete vehicles and supporting automotive parts through Autozi’s digital automotive e-commerce platform. According to the MOU, the relevant potential buyers plan to leverage AZI’s digital automotive e-commerce platform and supply chain system to conduct multi-category, large-scale procurement cooperation. This will include complete vehicle purchases, key components, and various supporting parts. It should be noted that this signed MOU is an intentional and non-binding document. The specific procurement amounts and implementation progress will depend on the subsequent signing of formal agreements and their execution effectiveness.