JZXN - Jiuzi signs strategic cooperation deal with Skywell Automobile
Energy vehicles franchisor and retailer Jiuzi Holdings (NASDAQ:JZXN) has signed a strategic cooperation agreement with Skywell Automobile, the manufacturer of Chinese electric vehicle "Skyworth." The agreement was reached on Mar 16, 2022 through Jiuzi's wholly-owned subsidiary, Zhejiang Jiuzi New Energy Vehicles. Pursuant to the deal, Zhejiang Jiuzi has won non-exclusive right to use Skywell's "Skyworth" trademark and sell its new EV6 SUV series during 2022-2023. Through Skywell's preferential sales policies, Zhejiang Jiuzi plans to purchase 500 EVs of both mass-production and customized models. The Skyworth EV6 comes with a full-electric variant with a NEDC-rated range of 600km (the EV6-600+) and a hybrid electric version with an estimated range of 1,000km (the EV6-HTi). JZXN shares have climbed ~4% in response to the news
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Jiuzi signs strategic cooperation deal with Skywell Automobile