Jiuzi Holdings Inc. to acquire Shenzhen Maigesong Electric Technology Co., Ltd.
Acquiring Company
Jiuzi Holdings
Acquired Company
Shenzhen Maigesong Electric Technology Ltd
HangzhouShenzhenManufacturingRetailAutomotiveElectric VehicleManufacturingDescription
Jiuzi Holdings Inc., an emerging new energy vehicle dealership group, announced that its subsidiary, Shenzhen Jiuzi New Energy Holding Group Co., Ltd., has entered into a non-binding letter of intent for the acquisition of Shenzhen Maigesong Electric Technology Co., Ltd. This acquisition is part of Jiuzi Holdings' strategic move to expand its offerings and invest in the construction of Shenzhen Maigesong's rechargeable lithium battery production line.
Quick answer
Jiuzi Holdings is acquiring Shenzhen Maigesong Electric Technology Ltd, announced April 3, 2024. Jiuzi Holdings is based in Hangzhou, Zhejiang, China.
- How much did Jiuzi Holdings pay for Shenzhen Maigesong Electric Technology Ltd?
- The deal value was not disclosed.
- What does Jiuzi Holdings do?
- Jiuzi Holdings, Inc. is an emerging new energy vehicle (NEV) dealership group operating under the brand name 'Jiuzi' in China.
- Where are Jiuzi Holdings and Shenzhen Maigesong Electric Technology Ltd based?
- Jiuzi Holdings is based in Hangzhou, Zhejiang, China. Shenzhen Maigesong Electric Technology Ltd is based in Shenzhen, Guangdong, China.
Source: Fundz verified event record.
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Frequently asked
Who acquired Shenzhen Maigesong Electric Technology Ltd?
Shenzhen Maigesong Electric Technology Ltd was acquired by Jiuzi Holdings, based in Hangzhou. The deal was reported on April 3, 2024. Jiuzi Holdings, Inc. is an emerging new energy vehicle (NEV) dealership group operating under the brand name 'Jiuzi' in China. Jiuzi Holdings is publicly traded (JZXN) and operates in Manufacturing.
When did Jiuzi Holdings acquire Shenzhen Maigesong Electric Technology Ltd?
Jiuzi Holdings's acquisition of Shenzhen Maigesong Electric Technology Ltd was reported on April 3, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Shenzhen Maigesong Electric Technology Ltd do?
Shenzhen Maigesong Electric Technology Co., Ltd. specializes in the design and development of embedded battery control systems, providing customers with products or key components through ODM or SKD models, as well as intellectual property licensing. It is privately held, operating in Manufacturing, and is based in Shenzhen.
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