Core Viewpoint - Nature's Miracle Holding Inc. has entered into a non-binding Memorandum of Understanding (MOU) with ZO Motors North America LLC to enhance emergency response capabilities and expand into the electric vehicle market in South America [1][4]. Group 1: MOU Details - The MOU serves as a foundation for collaborative projects, including the Nature's Miracle Mobile E-Farm Project and the Colombia Bus Project, with plans to purchase 60 basic ambulances and 20 advanced ambulances from ZMNA [2]. - The collaboration aims to deliver up to 2,000 electric vehicles (EVs), including electric buses, to the Colombian market [2]. Group 2: Recent Developments - This MOU follows a recent purchase order from the National Transport Chamber of Colombia for the introduction of up to 2,000 EVs [3]. - In October 2024, the company announced plans to order electric trucks for conversion into mobile vertical farms, further diversifying its EV portfolio [3]. Group 3: Company Statements - The Chairman and CEO of Nature's Miracle emphasized that the MOU represents a significant step in expanding EV sales in South America and aims to leverage ZO Motors' expertise in customized EV development [4].
Nature's Miracle Holding Inc. signs MOU with ZO Motors North America to Expand Electric Vehicle Presence in South America