Jiuzi Holdings signs collaboration agreement with Shaanxi Tongjia Auto.

Auto Business News-September 30, 2021--Jiuzi Holdings signs collaboration agreement with Shaanxi Tongjia Auto

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Auto Business News - 30 September 2021

Jiuzi Holdings Inc. (NASDAQ: JZXN), a new energy vehicles franchisor and retailer in China, has entered into a collaboration agreement with Shaanxi Tongjia Auto Co. Ltd., an automobile brand of Shaanxi Automobile Group Co. Ltd.

Under the contract, Tongjia is to deliver to JZXN 2,000 new energy vehicles, including its electric delivery vehicle, Electric OX II, which will be sold through the firm's retail stores during 2021 and 2022.

In the early stage, the company, through its wholly-owned subsidiary Hangzhou Zhitongche Technology Co. Ltd., is to offer a loan of RMB20m to...

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