HANGZHOU, China, May 18, 2022
/PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"),
a new energy vehicles franchisor and retailer under the brand name
"Jiuzi" in China, today announced
that, on April 30, 2022, the Company,
through its wholly-owned subsidiary Hangzhou Zhitongche Technology
Co., Ltd. ("Zhitongche"), has entered into an one-year strategic
cooperation agreement (the "Agreement") with Anji Chuangxing New
Energy Auto Sales Co. Ltd. ("Anji Chuangxing"), a Chinese car
distributor of Anji Changyou Auto Service Co. Ltd. ("Anji
Changyou"), which is a wholly state-owned electric vehicle ("EV")
maker dedicated to promote the idea of smart and green travel.
Pursuant to the Agreement, the two parties will work together to
further the development of the EV industry by, for example,
promoting innovative formats of travel and sales of EVs, ensuring
safe, reliable and commercially viable application of EVs in long
distance transportation, building an EV transportation investment
system, and improving the efficiency and quality for travel-related
services.
Anji Chuangxing's target market is Huzhou city, which is one of
the first ecological wellness demonstration cities in China with a robust tourism market. Since
Huzhou promotes low-carbon and green travel that commands strong
demand for EVs, it is expected to create tremendous business
opportunities for the collaboration between Zhitongche and Anji
Chuangxing, which will attempt to conduct EV rental services for
the first time in Zhejiang
Province, specifically targeting the tourism industry.
Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., commented:
"Following our strategic tie with leading EV makers such as Geely
and Skywell's affiliates, we are committed to advancing our
multi-brand strategy and we believe our collaboration with Anji
Chuangxing will yield fruitful returns. Anji Chuangxing also
intends to provide RMB50-100 million
financial facility to support our purchases of diverse brands of
EVs in the near future."
"In addition to continue expanding our distribution across
China and penetrating new markets,
we are also testing and exploring market opportunities to enter
into car-hailing services. JZXN will keep its great momentum to
look for partnerships and market opportunities that enable us to
leverage our strengths, benefit our business and facilitate our
future growth."
About Anji Chuangxing New Energy
Auto Sales Co. Ltd.
Anji Xing New Energy Auto Sales Co., Ltd. is a wholly-owned
subsidiary of Anji Changyou Auto Service Co., Ltd. Anji Changyou is
a mixed ownership enterprise controlled by Anji Transportation
Development Company and Urban Investment Group Company, which are
state-owned enterprises,. Anji Changyou promotes the idea of green
and smart travel, and relies on its infrastructure construction
business as the basis to facilitate this new format of new energy
green travel. It mainly promotes the application of new energy
vehicles by relying on government support, closely following market
demand, strengthening market planning, developing standard
construction of charging infrastructure, and forming a convenient
rental and charging service network for new energy vehicles to
cover the whole city. For more information, please visit:
http://www.acyev.com/.
About Jiuzi Holdings,
Inc.
Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017,
franchises and operates retail stores under the brand name "Jiuzi"
to sell New Energy Vehicles ("NEVs") in third-fourth tier cities in
China. The Company mainly sells
battery-operated electric vehicles, and sources NEVs through more
than twenty NEV manufacturers. It has 31 operating franchise stores
and one company-owned store. For more information, visit the
Company's website at http://www.zjjzxny.cn/.
Forward-Looking
Statements
All statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy
and financial needs, including the expectation that the Offering
will be successfully completed. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and in its
other filings with the SEC.
For more information, please contact:
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from U.S.)
+86 13811768559 (from China)
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SOURCE Jiuzi Holdings, Inc.