Jiuzi Holdings, Inc. (JZXN) shares are rising more than 6 percent after signing a letter of intent with China Petrol Technology (Shenzhen) Ltd. to jointly build battery swap stations and battery management systems for electric vehicles.
As per the LOI, Jiuzi and CPT will jointly invest up to RMB 500 million within three years on EV technology R&D and products. The two parties will renovate and reform 300-500 CPT's gas stations in the next three years.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.