China's Jiuzi up on deal with regional EV distributor
07/12/2021 13:32
** Shares of China-based new energy vehicles retailer
JZXN.O up 25.1% at $1.89 premarket - set to snap two straight
sessions of decline
** JZXN has entered into an agreement with regional EV
distributor Zhejiang Youxing New Energy Co Ltd urn:newsml:reuters.com:*:nPn1S0zBHa
** Under the agreement, both parties will engage in the
procurement and sales of Ruichi brand EVs in China
** Both companies are targeting sales of up to 1,000 Ruichi
EVs in 2022
** As of last close, stock had fallen ~92% since May debut
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))