HANGZHOU, China, Sept. 9,
2022 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ:
JZXN; the "Company"), a leading new energy vehicle (NEV) dealership
group under the brand name "Jiuzi" in China, today announced that its subsidiary
Hangzhou Jiuyao New Energy Automobile Technology Co. Ltd.
("Jiuyao") has entered into a purchase agreement ("Agreement") with
Chongqing Dongfeng Fengguang Automobiles Sales Co., Ltd., a
subsidiary of Dongfeng Sokon Motor Co., Ltd. ("DFSK Motor").
Pursuant to the Agreement, by the end of 2022, DFSK Motor will
deliver 5,000 micro electric passenger cars customized for Jiuyao
("Jiuyao Mini EV") based on its best-selling model "Dongfeng Mini
EV Candy". The customized version
will be upscaled with a combination of visual and performance
characteristics including a stylish Jiuyao logo, dazzling wheel
hubs, leather car seats, smart remote control function, and an
extended battery range for up to 220 kilometers, which is rarely
installed in A00-class micro electric passenger cars.
Serving as an important strategic move for JZXN's car rental and
ride-hailing business initiatives, Jiuyao provides cost-effective
vehicle procurement services for fleet management companies and
ride-hailing companies. Jiuyao Mini EV is designed for JZXN's
"Capital Partners" ("CP") clients who own, manage, and trade
ride-hailing vehicle assets. The company has received preorders
from seven CP clients by far.
"We are extremely pleased to see that our debut in the
customized EV market is successful," said Mr. Shuibo Zhang, CEO of
Jiuzi Holdings, Inc. "Our CP clients not only supply ride-hailing
companies with transport vehicles, but also sell or rent vehicles
to individual customers as car dealers. Supported by JZXN's capital
strength and professional operation, we plan to work with other EV
manufacturers to launch more customized SUV and MPV models in order
to meet our CP clients' diversified requirements."
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 and fourth-tier
cities in China. The Company
mainly sells battery-operated electric vehicles and sources NEVs
through more than twenty NEV manufacturers. It has 51 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. They
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 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 events,
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. 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 its
other filings with the SEC.
For more information, please contact:
Stephen Tong
Email: jiuzi@mana-ir.com
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SOURCE Jiuzi Holdings, Inc.