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Hangzhou, China, July 26, 2022 /PRNewswire/ – Jiuzi Holdings Inc. ChinaHe announced today that he successfully held a business conference (“conference”) at the company’s headquarters Hangzhou In collaboration with other EV brands to expand its continuous efforts to expand its geographic presence China.
The conference was held in the presence of Kunshan Baong Auto Sales Company (“Kunshan Baoneng”), a subsidiary of Baoneng Auto Group Ltd (“Baoneng Auto”), in which the company signed a letter of intent (“LOI”) for the company to distribute Baoneng Auto’s “Yubaoli” brand of electric cars in June. Done Zhejiang province. This conference served as an ongoing joint marketing campaign by both companies to attract franchisees to join JZXN, and gave Kunshan Baoeng an opportunity to showcase its new EV model and brand. At the end of the conference, eight prospective franchisees entered into Franchising LOI’s with the Company, of which six prospective franchisees paid a deposit to the Company immediately after the execution of the Franchising LOI.
“We are very happy to see that our new marketing strategy has proven to be successful,” said Mr. Shubo Zhang, CEO of JiuZi Holdings Inc. We are looking for collaboration with premium NEV startups like Baoneng and Aiways to explore. Our retail distribution network on the one hand, our competitive advantages at the national level, state-of-the-art terminal sales management and supply chain management help NEV startups quickly build retail terminals through established franchisees. Model: On the other hand, with the help of the brand prestige of our automaker partners, we can easily attract more and more decent franchisees. I believe this win-win model will enhance business cooperation for both companies.
About Jiuzi Holdings, Inc.
Jiuzi Holdings, Inc., headquarters Hangzhou, ChinaIn the year Established in 2017, it franchises and operates retail stores under the brand name Jiuzi to sell new energy vehicles (“NEVs”) in third and fourth tier cities. China. The company primarily sells battery-powered electric vehicles and sources NEVs from more than twenty NEV manufacturers. It has 51 operating franchise stores and one corporate-owned store. For more information, visit the company’s website at http://www.zjjzxny.cn/.
Forward-looking statements
All statements in this announcement, other than statements of historical fact, are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Based on current expectations and future events and financial trends, the Company’s financial condition, results of operations, business strategy and financing needs may be affected, including expectations that the Offering will be completed. Investors may identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “estimate,” “intend,” “estimate,” “intend,” “plan,” “believe.” “may”, “continue”, “may” or other similar expressions. The Company undertakes no obligation to update any forward-looking statements to reflect subsequent events, circumstances or changes in expectations, except as 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 prove to be correct. The Company cautions investors that actual results may differ from anticipated results and encourages investors to review other factors that could affect future results in the Company’s registration statement and other filings it files with the SEC.
For more information please contact:
Stephen Tong
Email: [email protected]
Source Jiuzi Holdings, Inc.
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