Business
Jiuzi New Energy Forms Strategic Cooperative Relationship with Leading Domestic Industry Park Operator
HANGZHOU, China, Oct. 25, 2021 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ:JZXN; the "Company"; Jiuzi New Energy), a new energy vehicles franchisor and
About this update from Jiuzi Holdings, Inc.
[{"type":"text","content":"HANGZHOU, China, Oct. 25, 2021 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ:JZXN; the \"Company\"; Jiuzi New Energy), a new energy vehicles franchisor and retailer under the brand name \"Jiuzi\" in China, today announced that it has entered into strategic cooperation agreement with EGO Group Co., Ltd. (\"EGO Group\"), a leading industry park operator in China. \nPursuant to the agreement, the two parties have officially formed a strategic cooperative relationship by leveraging their respective resources and strengths and will work closely to achieve long term mutual business growth. Specifically, JZXN will offer EGO's clients to purchase its new energy vehicle and rent services at discounted prices. On the other hand, EGO will market the Company's products and services on its mobile application and internal network. EGO will also authorize JZXN to set up demonstration center within its industrial parks. Through this cooperation, the two parties also expect to form a more effective initiative to communicate with the local government and gain additional policy supports.\nEGO Group is one of the leading industry park operators in China. As of September 2020, EGO has been operating at more than 300 industrial parks within 29 provinces, managing 15.4 million square meters property, and serving over 100,000 enterprise clients. \nMr. Shuibo Zhang, CEO, Director and Chairman of Jiuzi Holdings, Inc., commented: \"We are excited to obtain recognition from EGO Group, which is a nationwide industry park operator in China. Our cooperation will provide more economic new energy vehicle services to EGO's existing clients as well as effectively expand our own geographic business coverage. We look forward to a fruitful and productive cooperative relationship with EGO Group going forward.\"\nAbout EGO Group Co., Ltd.\nEGO Group Co., Ltd., established in 1998, is mainly engaged in the transformation and upgrading of the urban digital economy. EGO provides investment, development and operational services for the development and innovation of urban and rural digital industries. With focuses on production integration, industrial ecology, intelligent property, and rural revitalization, EGO helps both facilitate regional economic development and transform and upgrade traditional industries by using new technologies to develop industrial parks and techno...