Nearly $1 Billion in Auto Procurement Intent Sends This Microcap Racing Higher [Globe and Mail, The (Toronto, Canada)]
Autozi Internet Technology (Global) Ltd. - Class A Ordinary Shares (AZI)
Company Research
Source: Globe and Mail, The
Nowhere is this more evident than in the automotive sector, where manufacturers, distributors, and fleet buyers are actively seeking centralized digital solutions to reduce friction, improve efficiency, and manage costs in an industry facing rapid transformation. Shares of Autozi Internet Technology (Global) Ltd. ( Nasdaq: AZI ) are gaining Tuesday after the company announced it has signed a Memorandum of Understanding (MOU) representing approximately $980 million in procurement intentions with multiple potential buyers. The non-binding agreement outlines plans for centralized purchasing of complete vehicles and automotive parts through Autozi's digital automotive e-commerce platform. According to the company, the MOU reflects intended cooperation across multiple procurement categories, including full vehicle purchases, key components, and supporting automotive parts. The potential buyers plan to utilize Autozi's integrated digital platform and supply chain system to facilitate la
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AZI
News
- Strategic Investor CDIB Confirms $90 Million Initial Investment in Autozi at $3.50 per Share [Yahoo! Finance]Yahoo! Finance
- Strategic Investor CDIB Confirms $90 Million Initial Investment in Autozi at $3.50 per SharePR Newswire
- AZI Receives Investment Letter: CDIB Capital Intends to Invest $300 Million at a Comprehensive Price of $5 Per Share, Company's Financial Strength to Be Significantly Enhanced Upon Transaction CompletionPR Newswire
- AZI Announces Signing of Approximately $980 Million Memorandum of Intent for Sales with Multiple Potential Buyers [Yahoo! Finance]Yahoo! Finance
- AZI Announces Signing of Approximately $980 Million Memorandum of Intent for Sales with Multiple Potential BuyersPR Newswire
AZI
Sec Filings
- 12/10/25 - Form 6-K
- 12/9/25 - Form 6-K
- 12/8/25 - Form 6-K/A
- AZI's page on the SEC website