Jiuzi Holdings Inc. (NASDAQ: JZXN) mutually ended acquisition talks with Shenzhen Maigesong Electric Technology Co., Ltd. While the proposed partnership won’t proceed, JZXN gained valuable insights into the renewable energy sector, bolstering its future growth strategy.
JZXN aimed to fully acquire Shenzhen Maigesong to advance its lithium battery production and expand its market presence. However, disagreements on collaboration models, resource integration, and strategic goals prevented a final agreement.
Despite the failed negotiations, JZXN views the process as beneficial, enhancing its industry knowledge, resource allocation strategies, and project evaluation capabilities. This highlights JZXN’s commitment to strategic, professional decision-making and sustainable growth.
JZXN remains dedicated to renewable energy, focusing on core competencies, innovation, and global expansion. The company will actively seek strategic alliances aligned with its long-term vision to strengthen its competitiveness and deliver value to stakeholders.
This decision reflects JZXN’s proactive approach and adaptability to market changes. The company remains optimistic about future collaboration opportunities contributing to sustainable growth.
JZXN will leverage its experience to solidify its position in the renewable energy industry, demonstrating resilience and focus in its pursuit of long-term success.
About Jiuzi Holdings, Inc.
Founded in 2017 and headquartered in Hangzhou, China, Jiuzi Holdings, Inc. franchises and operates retail stores under the “Jiuzi” brand, selling New Energy Vehicles (NEVs) in smaller Chinese cities. The Company primarily sells battery-electric vehicles, sourcing NEVs from over twenty manufacturers. It operates 51 franchise stores and one company-owned store. For more information, please visit the Company’s website at .
Forward-Looking Statements
All statements beyond historical facts are forward-looking statements, subject to inherent risks and uncertainties. These statements reflect current expectations and projections regarding future events and financial trends affecting the Company’s financial condition, operations, strategy, and needs. Such statements, often using terms like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” and similar expressions, relate to:
Ability to execute its business plan;
Market changes for its products and services; and
Expansion plans and opportunities.
These statements are based on information available at the time of this release and management’s expectations, forecasts, and assumptions, involving judgments, risks, and uncertainties that could significantly alter actual results. These risks include, but are not limited to: failure to finalize definitive agreements; legal proceedings; inability to meet NASDAQ listing requirements; failure to satisfy closing conditions; disruption of operations; employee retention challenges; acquisition costs; regulatory changes; inability to achieve financial and strategic goals; competition; challenges in managing growth and profitability; maintaining customer relationships; retaining key employees; and other economic, business, and competitive factors. Further details on risks and uncertainties can be found in the Company’s SEC filings. The Company disclaims any obligation to update these forward-looking statements, except as legally required.
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SOURCE Jiuzi New Energy Holding Group Co., Ltd.
