Nasdaq-listed EV sales firm Jiuzi Holdings has raised US$30 million in equity from Xinhui Solar Technology Group to build charging infrastructure and service networks across Southeast Asia. The partnership will deploy charging stations and support systems in major cities and key transport corridors using a phased investment and rolling construction model. Xinhui Solar, described as a solar manufacturer, will contribute local resources, channels and operating experience alongside capital.
Why it matters: The deal signals fresh capital flowing into Southeast Asian charging rollout, with a phased construction approach that may create procurement opportunities across multiple markets. Jiuzi's combination of equity funding and co-development support offers a template for CPOs seeking regional expansion partners with both finance and local market access.