Envirotech Vehicles Moves Forward with $480 Million AZIO AI Acquisition Plan
Reuters
Dec 18, 2025
<a href="https://laohu8.com/S/EVTVD">Envirotech Vehicles</a> Moves Forward with $480 Million AZIO AI Acquisition Plan
AZIO AI Corporation has provided additional details on its previously announced letter of intent regarding a potential combination with Envirotech Vehicles, Inc. (NASDAQ: EVTV). Under the proposed framework, EVTV would acquire 100 percent of the outstanding equity of AZIO AI, guided by an independent third-party valuation of approximately $480 million for AZIO AI. If completed, AZIO AI is expected to become the primary operating entity, shifting EVTV’s long-term strategy toward AI infrastructure and applied artificial intelligence systems. AZIO AI’s executive leadership, led by CEO Chris Young, would guide the combined organization’s strategic direction, while EVTV’s current leadership would remain involved to support the transition. The transaction aims to scale AZIO AI’s global AI infrastructure, with a particular focus on sovereign growth economies in Asia.
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