RTTNews | Jul 14, 2021 10:49AM EDT

10:46 Wednesday, July 14, 2021 (RTTNews.com) - Jiuzi Holdings, Inc. (JZXN) shares are rising more than 6 percent after signing a letter of intent with China Petrol Technology (Shenzhen) Ltd. to jointly build battery swap stations and battery management systems for electric vehicles.

As per the LOI, Jiuzi and CPT will jointly invest up to RMB 500 million within three years on EV technology R&D and products. The two parties will renovate and reform 300-500 CPT's gas stations in the next three years.

Currently, shares are at $5.08, up 7.81 percent from the previous close of $4.71 on a volume of 19,956,397. The shares have traded in a range of $4.54-$49.01 on average volume of 2,540,748.

Read the original article on RTTNews ( https://www.rttnews.com/3209074/jiuzi-holdings-up-7-after-signing-of-loi-with-china-petrol-technology.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved