Jiuzi Holdings Announces Strategic Partnership Agreement With United Time Technology, Entity Controlled By UTime Ltd, To Install Up To 10,000 Smart EV Chargers By 2027
Portfolio Pulse from Benzinga Newsdesk
Jiuzi Holdings has announced a strategic partnership with United Time Technology, an entity controlled by UTime Ltd, to install up to 10,000 smart EV chargers in China's third and fourth-tier cities by 2027. This is part of a 4-year plan for the deployment of EV chargers, aimed at rural revitalization.
September 15, 2023 | 1:02 pm
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POSITIVE IMPACT
Jiuzi Holdings' partnership with United Time Technology to install EV chargers could boost its presence in the EV market and potentially increase its revenues.
The partnership with United Time Technology allows Jiuzi Holdings to expand its product offerings and reach into the growing EV market. This could potentially increase its revenues and boost its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UTime Ltd, which controls United Time Technology, could see benefits from the partnership with Jiuzi Holdings in the form of increased revenues from the sale of EV chargers.
As UTime Ltd controls United Time Technology, it stands to benefit from the partnership with Jiuzi Holdings. The installation of up to 10,000 EV chargers could lead to increased revenues for UTime Ltd, potentially boosting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80