Jiuzi and Shuke Form Strategic Partnership

An emerging energy vehicle retailer based in China, Jiuzi Holdings announced that it has entered into strategic cooperation with Zhejiang Shuke Automobile Service, a leading car dealer in China.

June 24, 2022. By News Bureau

An emerging energy vehicle retailer based in China, Jiuzi Holdings announced that it has entered into strategic cooperation with Zhejiang Shuke Automobile Service, a leading car dealer in China.

The cooperation will be functioned by its newly formed subsidiary Hangzhou Jiuyao New Energy Automobile Technology.

As per the terms of the agreement, Jiuyao has been granted a non-exclusive right to engage in the sales of Shuke electric-vehicle (EV) cars, Shuke's car-hailing business, and financial products. Jiuyao plans to purchase 200 standard and customized models of Shuke EVs between 2022 and 2023. 

Shuke is prepared to provide about a financial credit line of up to 100 million yuan to Jiuyao based on Jiuyao's financing needs. Jiuyao will be able to sell Shuke's EVs directly to end users on car-hailing platforms such as T3 Mobility, Didi Chuxing, Huolala, Jiuzi Haoche, and Zhongche Chuxing, among others, according to the Agreement.

Based in Zhejiang province's capital Hangzhou city, Shuke is mainly engaged in minibus rental, auto parts trading and services, sales of EVs and other car-related after-sale services. Shuke's core management team also has extensive experience in banking and micro-lending and Shuke has a connection with a network of professional financial and investment institutions, operating as a service platform that links online to offline services.

Shuibo Zhang, CEO, Jiuzi Holdings, commented: "We are delighted to announce major cooperation with Shuke for our recently launched new energy vehicles procurement platform Jiuyao. Shuke's brand, service network, and its distribution ability are being recognized by well-known automakers and vehicle trading companies. We would anticipate fruitful returns from our cooperation with Shuke in the following year."
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