HANGZHOU, China, Feb. 10, 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 December 25, 2021, the Company, through its
wholly-owned subsidiary, Zhejiang Jiuzi New Energy Vehicles Co.,
Ltd. ("Zhejiang Jiuzi"), has entered into a two-year strategic
cooperation agreement (the "Agreement") with Zhejiang Farizon
Zhitong Technology Co. Ltd. ("Farizon Zhitong"). Farison Zhitong is
a domestic new energy commercial vehicles distributor wholly owned
by Zhejiang Geely New Energy Commercial Vehicle Group Co. Ltd.,
which is a commercial vehicle maker owned by China Zhejiang Geely
Holding Group ("Zhejiang Geely"), a leading privately operated auto
manufacturer.
Pursuant to the Agreement, Zhejiang Jiuzi and Farizon Zhitong
will jointly explore the application of new energy delivery
vehicles to promote the idea of green via new energy vehicles
within the network of China's top
express delivery companies, such as ZTO Express, YTO Express, Yunda
Express, STO Express and Best Express.
Furthermore, Zhejiang Jiuzi will make use of its existing
partnership with companies associated with these leading courier
companies to promote sales and brand recognition of Farizon branded
vehicles in the network. Farizon Zhitong, in return, will offer a
preferential purchase policy for Zhejiang Jiuzi and its major
clients' orders of new energy vehicles, such as commercial minivan,
van body truck and traditional truck, among other models.
The two parties will also work together proactively to propose
new initiatives for the cooperation in order to fulfill their
respective strategic plans and business goals. For example, Farizon
Zhitong will be tasked with providing up-to-date catalogue of the
brands, prices and models of its new energy commercial vehicles to
Zhejiang Jiuzi.
Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., commented: "We
are thrilled to announce this partnership with Farizon Zhitong and
to join the network of top automaker, Zhejiang Geely, in new energy
commercial vehicle and green logistic/delivery services. Since our
recent alliance with leading e-commerce and retail platform
Shanghai Zhongtongji E-Commerce Co. Ltd., this new collaboration
marks our consistent strategic approach in clean energy vehicles
and represents another major achievement for our business strategy
in the logistics and express delivery segments. It is an important
recognition of Jiuzi's industry position and brand image in
domestic new energy vehicle retail market. We expect the
cooperation to bring significant financial contributions to Jiuzi
going forward."
About with Zhejiang Farizon Zhitong Technology Co.
Ltd.
Zhejiang Farizon Zhitong Technology Co. Ltd. is a wholly owned
distributor of Zhejiang Geely, which is engaged in the research and
development, manufacture, sales and services of new energy
commercial vehicles since its inception in 2016. With a total
investment of nearly RMB15 billion,
Zhejiang Geely is one of the core business units amongst the world
top 500 enterprise, alongside Geely Auto Group and Volvos Cars.
Farizon Zhitong's parent company, Zhejiang Geely, aims to
spearhead a "green" revolution in the commercial vehicles sector.
To date, it has developed new energy/electricity-powered commercial
vehicles that cover a full range of commercial car, pickup, LCV,
minivan and traditional truck, among others. Zhejiang Geely
also controls other new energy platforms and technology
companies, which enable them to coalesce into an ecosystem of
comprehensive, intelligent transport services. For more
information, please visit: www.geelycv.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.