UTime Technology Co. Ltd. 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. Ltd., an indirect subsidiary of Jiuzi Holdings Inc. 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. According to the agreement, Trade will undertake the design and OEM production of up to 10,000 new Smart EV chargers with a total price of approximately $68.5 million.

Trade strives to provide the market with a series of high-quality, smart chargers. The 10,000 EV chargers are expected to be built and delivered in phases from 2024 to 2027. This cooperation marks an important step for Trade in the field of smart EV charger production.

CEO Hengcong Qiu said, "WTO has been committed to create a more intelligent and convenient charging ecosystem for users.