Brief: Jiuzi Holdings Enters into Strategic Cooperation with Shuke
22/06/2022 13:13
June 22 (Reuters) - Jiuzi Holdings Inc JZXN.O :
* JIUZI HOLDINGS, INC. ENTERS INTO STRATEGIC COOPERATION
WITH
LEADING CHINESE CAR DEALER, SHUKE
* JIUZI HOLDINGS INC - COOPERATION WILL BE OPERATED BY NEWLY
ESTABLISHED SUBSIDIARY HANGZHOU JIUYAO NEW ENERGY AUTOMOBILE
TECHNOLOGY CO. LTD.
* JIUZI HOLDINGS INC - JIUYAO GRANTED NON-EXCLUSIVE RIGHT TO
ENGAGE IN SALES OF SHUKE EV CARS, SHUKE'S CAR-HAILING BUSINESS,
AND FINANCIAL PRODUCTS
* JIUZI HOLDINGS INC - JIUYAO PLANS TO PURCHASE 200 STANDARD
AND
CUSTOMIZED MODELS OF SHUKE EVS BETWEEN 2022 AND 2023
* JIUZI HOLDINGS INC - SHUKE IS PREPARED TO PROVIDE ABOUT A
FINANCIAL CREDIT LINE OF UP TO 100 MILLION YUAN TO JIUYAO BASED
ON JIUYAO'S FINANCING NEEDS
* JIUZI HOLDINGS - JIUYAO WILL BE ABLE TO SELL SHUKE'S EVS
DIRECTLY TO END USERS ON CAR-HAILING PLATFORMS SUCH AS T3
MOBILITY, DIDI CHUXING, OTHERS
Source text for Eikon: ID:nPn4yvHMBa
Further company coverage: JZXN.O
((Reuters.Briefs@thomsonreuters.com;))