Jiuzi Holdings Launches its First Custom-Made Electric MPV

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

Compared to its base model, the customized version allows bigger and more flexible space as all passenger seats can be folded flat. In 2023, the Company plans to further upgrade Jiuyao MPV by installing swappable BYD's state-of-the-art blade battery, which holds notable advantages in its high safety, long-range, enduring longevity, ultra strength, and high power compared with ternary lithium batteries and traditional lithium iron phosphate batteries.

Moreover, due to its optimized battery pack structure, the space utilization rate of the battery pack is increased by over 50% compared to conventional lithium iron phosphate block batteries.

JZXN will collaborate with its strategic business partner to provide battery-swap technology and battery-swap stations that match Jiuyao MPV.

"Since our first customized Jiuyao mini EV has been well received by our customers, we strongly believe Jiuyao MPV would be another successful product of our cooperation with DFSK Motor," said Shuibo Zhang, CEO of Jiuzi Holdings, Inc. "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."