Jiuzi Inks Cooperation Agreement With 'Skyworth' EV Maker Skywell


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  • Jiuzi Holdings Inc (NASDAQ:JZXN) subsidiary Zhejiang Jiuzi has entered into a one-year strategic cooperation agreement with Jiangsu Skywell Automobile Co., a manufacturer of Chinese electric vehicle Skyworth.
  • As per the deal, Zhejiang Jiuzi has secured a non-exclusive right to use Skywell's Skyworth trademark and sell its new EV6 SUV series during 2022-2023.
  • Zhejiang Jiuzi plans to purchase 500 EVs of both mass-production and customized models through Skywell's preferential sales policies.
  • "We are expecting a contractual income close to RMB60 million to Jiuzi from this robust collaboration with Skywell," said Shuibo Zhang, CEO of Jiuzi Holdings.
  • Price Action: JZXN shares are trading higher by 7.14% at $1.35 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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