Jiuzi Holdings rises on EV vehicle deal with WM Motor
23/06/2022 17:16
** Shares of China-based new energy vehicles retailer Jiuzi
Holdings JZXN.O rise as much as 7.29% at $1.03
** Co says its operating entity has entered into a purchase
agreement with Shanghai-based automotive co WM Motor
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** Co will purchase up to 1,000 Weltmeister electric
vehicles from WM Motor and the delivery time is expected to be
in the second half of 2022
** Says it expects to order about 5,000 to 8,000 EV cars in
the next three years
** Stock down ~29% this year, as of last close
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))