FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Jiuzi Holdings, Inc. Rises 29% in Premarket Trading After Signing Letter of Intent with China Petrol Technology”
Jiuzi Holdings, Inc (NASDAQ: NTLA) gained over 29% in premarket trading after announcing that it has signed a letter of intent with China Petrol Technology Limited.
The two companies will now seek to jointly build battery swap stations and a battery management system for electric vehicles across China, and will also start working on the reforming of CPT’s existing gas station network and build trial battery swap stations within the Company’s sales network.
Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017, franchises and operates retail stores under the brand name “Jiuzi” to sell New Energy Vehicles (“NEVs”) in third-fourth tier cities in China. The Company majorly sells battery-operated electric vehicles, and sources NEVs through more than twenty NEV manufacturers. It has 31 operating franchise stores and one company-owned store.
For more information, please visit: Jiuzi Holdings, Inc.
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