 New energy vehicles franchisor and retailer Jiuzi Holdings Inc NASDAQ: JZXN has signed a letter of intent with China Petrol Technology Limited CPT to jointly build battery swap stations and battery management systems for electric vehicles EV across China. Jiuzi and CPT will jointly invest up to 77.5 million 1 6.45 CNY as of July 14 within three years on the EV technology RD, and products offerings cover multi-standard EV battery swap station, battery management system, and software. 