Jiuzi Holdings Inc Stock Price, News & Analysis

Jiuzi Holdings, Inc. (NASDAQ:JZXN) has entered into a strategic cooperation agreement with EGO Group, a leading industry park operator in China. This partnership enables JZXN to offer discounted new energy vehicle purchasing and renting services to EGO's clients while EGO promotes JZXN's products through its mobile application.

Additionally, JZXN will establish demonstration centers in EGO's industrial parks, enhancing engagement with local government for policy support. This collaboration aims to boost both companies' market presence and client services in the new energy vehicle sector.

Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced the official launch of its Southern China Operation Center on September 29, 2021, to enhance its market share in Southern China. This new center, located in Nanning, aims to expand JZXN's geographical presence and operational contributions. The company has also entered a strategic partnership with Nanning Huangyang Automobile Sales Limited to boost sales of new energy vehicles in the region. CEO Mr. Shuibo Zhang highlighted the importance of this move as part of JZXN's growth strategy since its NASDAQ debut in May 2021.

Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced a strategic cooperation agreement with Shaanxi Tongjia Auto Co., Ltd. on September 19, 2021. Tongjia will supply 2,000 new energy vehicles, including the Electric OX II, for sale through JZXN's retail stores in 2021 and 2022. The Company plans to provide a loan of RMB20 million to Tongjia's dealers to support working capital. This collaboration aims to enhance market presence in China's third and fourth-tier cities, leveraging both companies' resources to meet the growing demand in the new energy vehicle sector.

Jiuzi Holdings (JZXN) reported remarkable financial growth for the six months ending April 30, 2021, with net revenues soaring by 260.88% to $4.61 million. Gross profit rose to $3.12 million, achieving a gross margin of 67.75%. The company shifted from a net loss of $0.03 million in 2020 to a net income of $1.31 million. This turnaround is attributed to a significant increase in initial franchise fees, which grew 369.19% to $4.59 million and the addition of 86 franchisees. JZXN aims to leverage strategic partnerships and expand its market presence.

Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced a strategic cooperation agreement with Chongqing Ruichi Automobile Industry Co., Ltd. on June 25, 2021. Ruichi will supply 500 logistics vehicles to JZXN, strengthening bilateral business advantages. Ruichi leads the new energy logistics vehicle market, achieving over 10,000 vehicle sales and capturing a 17.51% market share. JZXN operates 31 stores in China, with plans for over 100 additional locations, enhancing access to the new energy vehicle market. This partnership aligns with the growing demand for new energy vehicles in China.

Jiuzi Holdings, Inc. (NASDAQ:JZXN) has signed a letter of intent with China Petrol Technology (CPT) to collaborate on electric vehicle (EV) battery swap stations and management systems in China. The joint investment is projected to reach RMB 500 million over three years, with RMB 200 million allocated for the initial phase. The partnership aims to reform CPT's gas station network and establish 300-500 battery swap stations, enhancing the EV infrastructure. Each station could generate over RMB 5 million in revenue annually, significantly boosting JZXN's financial performance.

On June 2, 2021, Jiuzi Holdings, Inc. (NASDAQ:JZXN) announced a strategic partnership with Hemei Auto to enhance smart logistics and address delivery challenges in urban areas. As part of this collaboration, Hemei Auto will supply 2,000 intelligent delivery vehicles to Jiuzi New Energy, aiming to resolve the "final one-kilometer" delivery issue. This partnership seeks to capitalize on the growing demand for efficient delivery services, driven by increased e-commerce and a trend towards green logistics in China. Both companies expect significant growth opportunities in this burgeoning market.

Jiuzi Holdings, Inc. announced the closing of its initial public offering (IPO) of 5,200,000 ordinary shares at $5.00 per share, raising approximately $26 million. The shares started trading on the Nasdaq under the symbol JZXN on May 18, 2021. Boustead Securities, LLC was the sole underwriter for the Offering. Jiuzi operates retail stores selling New Energy Vehicles (NEVs) in China and currently has 31 franchise stores and one company-owned store. The Company expects the proceeds from the IPO to support its business growth.

Jiuzi Holdings, Inc., a franchisor and retailer of new energy vehicles in China, announced its upsized initial public offering (IPO) of up to 5,200,000 ordinary shares at a price of $5.00 per share. The IPO, expected to close around May 20, 2021, aims to raise $26 million before expenses. The shares are set to trade on the Nasdaq under the symbol JZXN, with Boustead Securities acting as the sole underwriter. Jiuzi operates 31 franchise stores, focusing on battery-operated electric vehicles.