Jiuzi Holdings to receive additional $30M investment from Xinhui Solar

Jiuzi Holdings (JZXN)announced an expansion of its strategic cooperation with Xinhui Solar Technology. Building on prior collaboration, the two parties have continued to align on long-term cooperation priorities and regional deployment strategies in Southeast Asia’s new energy infrastructure and new energy vehicle service markets. Xinhui Solar plans to make an additional $30M private placement investment in the company to support the acceleration of related business initiatives. Both parties intend to leverage their respective strengths in new energy industry resources, technological capabilities, capital support, and regional market development to jointly advance EV charging infrastructure, new energy vehicle service platforms, and related energy management solutions across Southeast Asia. The parties have reached a common understanding regarding the overall framework for a proposed Southeast Asia joint venture and have entered into a memorandum of understanding to provide guidance for future collaboration. The proposed additional $30M investment by Xinhui Solar, subject to the satisfaction of relevant conditions and internal approval procedures, is expected to provide sustained financial support for its Southeast Asia strategy.