HANGZHOU, China, May 31, 2022
/PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"),
a leading new energy vehicles (NEVs) franchisor and retailer under
the brand name "Jiuzi" in China,
today announced that its subsidiary, Hangzhou Jiuyao New Energy
Automobile Technology Co. Ltd. ("Jiuyao"), an NEV procurement
platform servicing business customers, has officially launched its
operations.
Set up as a joint venture with the Company and Hubei Yaonin
Chuxing Automobile Service Co, Ltd. ("Yaonin Chuxing"), Jiuyao
integrates the strengths, resources, and skills of both Jiuzi and
Yaonin Chuxing to help car rental and ride-hailing corporate
customers procure qualified NEVs to operate cost-effectively.
Jiuyao also provides its customers with financial solutions via
partnerships with licensed third-party financial institutions.
Jiuyao will serve a quintessential role in furthering the value of
the joint venture and implementing the Company's "ToB"
strategy.
"We are delighted to celebrate the official launch of our Jiuyao
platform, which demonstrates our determination to manifest the
Company's ambition to spearhead in the implementation of green
travel in the EV industry," said by Mr. Shuibo Zhang, CEO of Jiuzi
Holdings, Inc. "Since Jiuyao has strong customer resources and
operational capacity in the online car rental sector, its launch
represents a milestone in perfecting a one-stop service system in
the EV industry, and renders us well positioned to meet the growing
demand for EVs as a result of China's plan to achieve carbon neutrality by
2060. Jiuyao's launch will also help us optimize the resources from
our strategic partners in the sectors of car services, dealership
and EV charging facilities that allow us to both offer full-range
of operational and commercial services to our customers and foresee
the needs of tomorrow."
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)
View original
content:https://www.prnewswire.com/news-releases/jiuzi-holdings-inc-expands-tob-business-and-launches-new-subsidiary-jiuyao-301557515.html
SOURCE Jiuzi Holdings, Inc.