Jiuzi Holdings Inc (JZXN)

Jiuzi Holdings, Inc. (JZXN) is a leading New Energy Vehicle (NEV) franchisor and retailer operating within the People's Republic of China. The company, based in Hangzhou, primarily focuses on NEVs, including electric vehicles and plug-in hybrid vehicles, aiming to promote smart, efficient, and green transportation solutions.

Jiuzi Holdings' exceptional business model has established it as a significant competitor in the Chinese NEV market. It operates on a franchise model, with each franchise store functioning as a one-stop-shop, providing an array of services from sales, test drives, vehicle inspection and maintenance, to NEV-related consulting services and product offerings.

The company was established in 2010 and subsequently expanded its operations due to the burgeoning demand for NEVs in China. This impressive growth and penetration into the market is partly due to the government's push towards reducing China's carbon footprint. These efforts by the Chinese government have substantially bolstered the demand for EVs, hybrid, and low-emission cars, thereby positioning Jiuzi Holdings at the forefront of the rapidly growing industry.

Jiuzi Holdings currently operates 346 franchised stores spread across 90 cities in 13 provinces, including notable cities like Beijing, Shanghai, Jiangsu, and Zhejiang, amongst others. As of December 2020, the company had sold approximately 16,000 NEVs, contributing significantly to China's efforts to combat environmental challenges.

Furthermore, in addition to its primary operations, Jiuzi Holdings also provides financial services through its wholly-owned subsidiary, Jiuzi Leasing, which offers microcredit services to individual and small-to-medium enterprise (SME) customers.

One of the notable features of Jiuzi Holdings is its customer-centric approach, with a particular focus on providing a comprehensive, high-quality service. In its quest to promote NEVs, the company also lays out a lot of emphasis and effort on customer education, awareness, and training about NEVs.

In May 2021, Jiuzi Holdings, Inc. debuted on the Nasdaq Stock Exchange, marking a significant milestone for the company and its shareholders. Despite a volatile stock market environment and the looming uncertainties around the global economy, the company’s successful listing underscores the immense potential and investor confidence in China's burgeoning NEV market and Jiuzi Holdings' role in it. The company's shares are listed under the symbol "JZXN."