Brief: Jiuzi New Energy Forms Cooperative Relationship With A Regional EV Distributor

Jiuzi Holdings

07/12/2021 13:50

Dec 7 (Reuters) - Jiuzi Holdings Inc  JZXN.O :
    * JIUZI NEW ENERGY FORMS COOPERATIVE RELATIONSHIP WITH A
REGIONAL
EV DISTRIBUTOR
    * JIUZI HOLDINGS INC -  PURSUANT TO AGREEMENT, BOTH PARTIES
WILL
JOINTLY ENGAGE IN PROCUREMENT AND SALES OF RUICHI ELECTRONIC
VEHICLES ACROSS CHINA
    * JIUZI HOLDINGS INC -  PURSUANT TO AGREEMENT, CO WILL
PROVIDE RMB
10 MILLION IN REVOLVING CREDIT LINE TO YOUXING
    * JIUZI HOLDINGS INC - ANTICIPATES THAT THIS COOPERATION
WILL
BRING ABOUT RMB 35 MILLION TO RMB 45 MILLION IN SALES REVENUE TO
JIUZI NEW ENERGY IN COMING YEAR

Source text for Eikon:  ID:nPn1S0zBHa 
Further company coverage:  JZXN.O 

 ((Reuters.Briefs@thomsonreuters.com;))