Jiuzi Holdings Shares Up After Deal With New Energy Vehicle Distributor

By Stephen Nakrosis

Shares of Jiuzi Holdings Inc. were trading higher on Nasdaq Thursday, after the company said it entered a strategic cooperation deal with new energy vehicle distributor Nanning Huangyang Automobile Sales Ltd., which operates in Guangxi Province.

The company also said its Jiuzi Southern China Operation Center officially commenced operations on Sept. 29.

Jiuzi said it franchises and operates retail stores under the brand name "Jiuzi" to sell new energy vehicles in China.

At 11:22 a.m. ET, the company's shares were trading 17.76% higher at $2.47 each. Volume at the time topped 7 million shares, above the stock's 65-day average volume of 649,192.

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