EuroSports Global said its subsidiary Scorpio Electric entered a non-binding memorandum of understanding with PEKEMA for a potential collaboration. PEKEMA is to act as facilitator for a proposed electric motorcycle manufacturing project, while Scorpio Electric is to provide EV technology and testing support. The parties granted an exclusivity period for PEKEMA to conduct due diligence and for both sides to negotiate definitive agreements. The memorandum is valid for six months from signing.

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