Gotion’s Duan Wei joins Ebusco as Deputy CEO. Chen Li, also from Gotion, enters Supervisory Board
Ebusco has confirmed today, March 26th, key changes to its leadership team following the approval of all resolutions at its Extraordinary General Meeting (EGM). The appointments mark a significant shift in the company’s governance, particularly with the inclusion of representatives from Gotion, reflecting the deepening relationship between the two companies. In November 2024 Ebusco, seeking […]
Ebusco has confirmed today, March 26th, key changes to its leadership team following the approval of all resolutions at its Extraordinary General Meeting (EGM). The appointments mark a significant shift in the company’s governance, particularly with the inclusion of representatives from Gotion, reflecting the deepening relationship between the two companies.
In November 2024 Ebusco, seeking liquidity, raised EUR 36 million through the successful completion of its Rights Issue. Within a the deal, Chinese battery supplier Gotion took a 9.3% stake in Ebusco and gained access on the bus maker’s supervisory board and board of directors.
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Gotion representatives enter Ebusco’s board
Ebusco shareholders approved the appointment of Michel van Maanen to the Management Board. Van Maanen, who joined Ebusco as Chief Operating Officer (COO) on 1 January 2025, will now serve as a board member for a term ending in 2029.
Additionally, Duan Wei, Gotion’s EMEA Vice President, has been appointed as a member of the Management Board and will take on the role of Deputy CEO on a part-time basis. His appointment follows the agreement between Ebusco and Gotion, which granted Gotion the right to a board representative as part of the investment arrangement.
Further strengthening Gotion’s presence within Ebusco, Chen Li has been appointed to the Supervisory Board. His term will run until the AGM in 2027, aligning with the company’s strategic partnership with the battery manufacturer.
Ebusco approved issuance authorization
Shareholders also granted the Management Board authorization to issue up to 16 million new shares and to limit or exclude pre-emptive rights for 18 months, until 26 September 2026. Additionally, amendments to the company’s Articles of Association were approved, setting the authorized share capital at the statutory maximum of five times the issued share capital as of the EGM convocation date.
These developments highlight Ebusco’s efforts to strengthen its leadership structure and financial flexibility as it continues to navigate the evolving electric bus market.
