Jiuzi rises on distribution deal with Chinese automaker
12/07/2022 14:02
** Shares of China-based new energy vehicles' retailer Jiuzi
Holdings JZXN.O jump 10.2% to 86 cents premarket
** Co enters into an one-year agreement with Aiways Yiwei,
the subsidiary of Chinese automobile manufacturer Aiways Auto
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** JZXN will expand its franchise business and become the
regional sole distributor of Aiways Auto in Guangxi, China
** As of last close, stock down ~47% this year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))