HANGZHOU, China, June 22,
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 it has entered
into strategic cooperation (the "Agreement") with Zhejiang Shuke
Automobile Service Co. Ltd. ("Shuke"), a leading car dealer in
China. The cooperation will be
operated by its newly established subsidiary Hangzhou Jiuyao New
Energy Automobile Technology Co. Ltd. ("Jiuyao").
According to the Agreement, Jiuyao is granted a non-exclusive
right to engage in the sales of Shuke electric-vehicle (EV) cars,
Shuke's car-hailing business, and financial products. Jiuyao plans
to purchase 200 standard and customized models of Shuke EVs between
2022 and 2023. Shuke is prepared to provide about a financial
credit line of up to 100 million yuan
to Jiuyao based on Jiuyao's financing needs. Jiuyao will be able to
sell Shuke's EVs directly to end users on car-hailing platforms
such as T3 Mobility, Didi Chuxing, Huolala, Jiuzi Haoche, and
Zhongche Chuxing, among others, according to the Agreement.
Based in Zhejiang province's
capital Hangzhou city, Shuke is
mainly engaged in minibus rental, auto parts trading and services,
sales of EVs and other car-related after-sale services. Shuke's
core management team also has extensive experience in banking and
micro-lending and Shuke has a connection with a network of
professional financial and investment institutions, operating as a
service platform that links online to offline services, with a
focus on the nationwide automotive aftermarket sector, according to
the Agreement.
Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., commented: "We
are delighted to announce major cooperation with Shuke for our
recently launched new energy vehicles procurement platform Jiuyao.
Shuke's brand, service network, and its distribution ability are
being recognized by well-known automakers and vehicle trading
companies. We would anticipate fruitful returns from our
cooperation with Shuke in the following year."
About Zhejiang Shuke Automobile Service Co. Ltd.
Founded in 2020 with a registered capital of 10 million yuan, Shuke is mainly engaged in
minibus rental, auto parts and services, sales of EVs and other
car-related aftersale services in China. Shuke now operates in five cities
including Ningbo, Jinhua, Taizhou,
Huzhou and Shanghai and plans to
set up subsidiaries in four other cities in China within the year.
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:
Stephen Tong
Email: jiuzi@mana-ir.com
Phone:+86 139 0121 0656
View original
content:https://www.prnewswire.com/news-releases/jiuzi-holdings-inc-enters-into-strategic-cooperation-with-leading-chinese-car-dealer-shuke-301570223.html
SOURCE Jiuzi Holdings, Inc.