HANGZHOU, China, Jan. 11, 2022 /PRNewswire/ -- Jiuzi Holdings,
Inc. (NASDAQ: JZXN; the "Company"; Jiuzi New Energy), a new energy
vehicles franchisor and retailer under the brand name "Jiuzi" in
China, today announced that, on
December 23, 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 Shanghai
Zhongtongji E-Commerce Co. Ltd. ("Zhongtongji"), a leading domestic
E-Commerce and retail services provider founded by senior
management of ZTO Express (NYSE: ZTO).
Pursuant to the Agreement, Zhejiang Jiuzi and Zhongtongji will
jointly explore application of new energy delivery vehicles in an
effort to promote the idea of "green" logistics. With its
diversified products, Zhejiang Jiuzi will sell and rent to
Zhongtongji new energy delivery vehicles such as Geely and
Chongqing Ruichi branded minivan, van body truck and traditional
truck to meet Zhongtongji's logistic needs, as well as offer
the most optimal discount available to major clients on
Zhongtongji's platform.
The two parties will also work proactively to propose new
initiatives for the cooperation in order to fulfill their
respective strategic plans and business goals, which include
marketing, resource sharing, and staffing and technological
support. Zhejiang Jiuzi is also tasked with providing up-to-date
catalogue of the brands, prices and models of its new energy
vehicles to Zhongtongji to meet their clients' changing
demands.
Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., commented: "We
are excited to announce the partnership with Zhongtongji, a leading
E-Commerce and retail services venture as well as an important
business partner of ZTO Express (NYSE: ZTO). It's an important
recognition of Jiuzi's industry position and brand image in
domestic new energy vehicle retail market. We expect the
cooperation to help Zhongtongji optimize its expense structure and
operating efficiency, and bring financial contributions to Jiuzi
going forward."
"This partnership represents our first step into the E-Commerce
industry and we aim to keep expanding such tie-up in E-Commerce
logistics segment in the future. The huge volume of domestic
E-commerce and the great efforts of Chinese government to promote
the use of new and clean energy logistic vehicles will bring
promising market potential for NEVs, and Jiuzi will continue
seeking more opportunities to grow our business scale in this
area," Added Mr. Zhang.
Shanghai Zhongtongji E-Commerce Co. Ltd.
Shanghai
Zhongtongji E-Commerce Co. Ltd. provides one-stop services for
E-Commerce platforms, retailers and sales channel providers that
range from purchase order management, storage to sales and delivery
services. Zhongtongji aims to help optimize supply chain system and
upgrade operation efficiency for its clients. The company works
with ZTO Express and offers support for ZTO's convenient stores in
goods sourcing and delivery that involve a comprehensive products
supply system management. For more information, please visit:
https://www.ztbest.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.