MingZhu Logistics and Damo Electric Truck enter into MOU
SHENZHEN, China, July 26, 2021 /PRNewswire/ — MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (NASDAQ: YGMZ), an elite provider of logistics and transportation services, today announced it has entered into a non-binding memorandum of understanding (“MOU”) with Damo Electric Truck (“DAMO”). Under the MOU, Mingzhu will set up a joint venture (“JV”) with DAMO and DAMO will transfer its operating business and all IP it has developed or is currently developing into the JV. MingZhu plans to deploy the next-gen trucks into its expansive existing network, including coal transportation and container transportation within the Yantian International Container Terminals, one of the busiest container terminals in the world.