UTime announces strategic partnership with subsidiary of Jiuzi Holdings

United Time Technology, an entity controlled via contractual agreement by UTime, signed a strategic partnership agreement on September 12, 2023 to design, assemble and supply up to 10,000 new smart EV chargers to Shenzhen Jiuzi XinNeng Holding Group Co, an indirect subsidiary of Jiuzi Holdings (NASDAQ: JZXN) from 2024 to 2027. The parties aim to deploy the chargers to provide more convenient and efficient charging solutions for electric vehicle users in third and fourth-tier cities in China. This cooperation is expected to leverage the advantages of both parties in technology, service and marketing to inject new impetus into the sustainable development of the electric vehicle industry chain and create greater value for investors, partners and customers. This cooperation marks an important step for WTO in the field of smart EV charger production. CEO Hengcong Qiu commented, “WTO has been committed to create a more intelligent and convenient charging ecosystem for users. This strategic cooperation agreement does not only showcase the company’s core technology capabilities, but is also extremely important for WTO’s business development and future growth.”