Jiuzi up on deal with distributor of new energy commercial vehicles
10/02/2022 13:44
** Shares of China-based new energy vehicles retailer
JZXN.O up 4% at $1.79 in premarket trading
** JZXN has entered into a two-year strategic cooperation
agreement with domestic new energy commercial vehicles
distributor Zhejiang Farizon Zhitong Technology Co. Ltd
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** Adds, JZXN entered into the deal through its wholly owned
subsidiary Zhejiang Jiuzi New Energy Vehicles Co Ltd
** Zhejiang Jiuzi and Farizon Zhitong will jointly explore
the application of new energy delivery vehicles
** JZXN rose ~1% last year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))