• New energy vehicle (NEV) dealership group Jiuzi Holdings Inc (NASDAQ: JZXN) subsidiary Jiuyao is launching its first electric Multi-Purpose Vehicle (MPV) customized by Dongfeng Fengon, a sub-brand of Dongfeng Sokon Motor Co Ltd (DFSK Motor).

• Jiuyao MPV will be custom-made based on Dongfeng Fengon's MPV model Fengon 380 to cater to customers buying vehicles for household and business uses.

• The customized version is expected to have bigger and more flexible space as all passenger seats can be folded flat.

• Shuibo Zhang, CEO of Jiuzi, said, "We are confident that our Jiuyao MPV will be one of the best cost-performance electric MPVs in the market with a price range from RMB100,000 to RMB 200,000. We expect to enter into a purchase agreement with DFSK Motor in November 2022 if we receive substantial amount of pre-orders."

• Also Read: Jiuzi Plans To Debut Customized Micro Electric Passenger Cars

• Price Action: JZXN shares are trading higher by 4.27% at $0.2490 on the last check Monday.

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