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Jiuzi Holdings, Inc. Expands Sales Footprint For New Energy Vehicles in China
Hangzhou City, Zhejiang Province--(Newsfile Corp. - July 13, 2022) - Jiuzi Holdings (NASDAQ: JZXN) has just announced its latest expansion and revenue growth
About this update from Jiuzi Holdings, Inc.
[{"type":"text","content":"Hangzhou City, Zhejiang Province--(Newsfile Corp. - July 13, 2022) - Jiuzi Holdings (NASDAQ: JZXN) has just announced its latest expansion and revenue growth plans for NEV's (New Energy Vehicles) in China.\nWhile many emerging publicly traded companies have yet to mass produce and sell electric vehicles, Jiuzi's system is hooked to China's best-selling Electric Vehicle brands and that has allowed their franchise model to grow quickly during the past 3 years.\nMr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., which operates franchises and retail stores selling New Energy Vehicles (NEVs) throughout China, is excited to share a recent interview:\nQ: Explain why the sudden global need for electric vehicles? What factors are leading to the high demand?\nZhang: From a global perspective, the new energy vehicle industry is generally at an early stage of growth. With the promotion of policies and quality supply, the demand for new energy vehicles will continue to show high growth, driving the development of the upstream industry. New energy vehicles are in the \"golden age\" of rapid development, and the three major markets of China, Europe and the United States may lead the global demand for new energy vehicles to continue to grow at a high rate.\nThe bloom of the NEV industry depends on the following factors:\n\n\nOil reserves are limited, and it is a non-renewable energy\n\n\nThe pollution of traditional vehicle and the carbon emissions request\n\n\nThe rapid growth of NEV industry produce benefit to economy and contribute employment\n\n\nThe supporting policy from government and subsidy\n\n\nQ: Why is China outpacing the North when it comes to electric car sales? What is the expectation for 2028?\nZhang: The population advantage of China leads to a huge market base. China has been promoting the use of NEVs since 2015, hence, the infrastructure of NEV (such as charge stations, battery research etc) were constructed ahead of most of the world. The Chinese government is highly concerned about climate change. Therefore, the Chinese government attaches great importance to the development of NEVs and has set a clear development course for the industry.\nThe R&D for NEV in China had some break-through in the past 5 years as the number of new energy vehicles in China has increased by more than 9 times in the past 5 years. Since China sticks to...