Core Viewpoint - Chijet Motor Company has signed a product sale agency agreement with SARL AI MOTORS from Algeria, allowing SARL AI MOTORS to act as the exclusive selling agent for Chijet's "SENIA" automobiles in Algeria for at least two years, which is expected to enhance market development in Africa [3][4]. Company Overview - Chijet Motor Company, Inc. is engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs) in China [3][6]. - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production [6]. - Chijet Motor boasts a management team with extensive experience in engineering, design, management, financing, industrial production, and financial management [6]. Agreement Details - The agreement with SARL AI MOTORS allows FAW Jilin, a holding subsidiary of Chijet, to manufacture SENIA automobiles in China and export them to Algeria based on orders from SARL AI MOTORS [4]. - This partnership is anticipated to be beneficial for FAW Jilin's market development in Africa [4].

JILIN CITY, China, June 14, 2024 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ:CJET) (the "Company" or "Chijet"), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles ("NEV") in China announced that on May 29, Chijet's majority-owned subsidiary FAW Jilin Automobile Co., Ltd. ("FAW") entered into a framework cooperation agreement with Sayyed Karimov, the economic governor of Tashkent Region of Uzbekistan, on behalf of ...

An Uzbekistan economic and trade team led by Sayyed Karimov visited FAW's production plant and learned about FAW's vehicle models, production process and production technology. Sayyed Karimov indicated that FAW's vehicle models are suitable for the market demand of Uzbekistan in terms of comfort, practicality and price, and he was confident to complete the 12,000-unit sales volume within three years. He was also optimistic about the cooperation with FAW. A photo accompanying this announcement is available a ...

Chijet Motor (NASDAQ:CJET) stock is rising on Friday alongside heavy pre-market trading of the new energy vehicle company's shares. One thing traders will keep in mind is that CJET is a penny stock. This comes from its prior closing price of 29 cents per share and its market capitalization of $46.591 million. If that's the case, traders will want to be careful about taking a stake in Chijet Motor right now. While the stock is currently up, it might not stay that way for long amid volatility. More Stock Mark ...

YANTAI CITY, China, May 28, 2024 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc.(Nasdaq: CJET) (the "Company" or "Chijet Motor"), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles ("NEV") in China, on May 22, the Investment Promotion Team from Fubao Street, Futian District, Shenzhen, visited Shandong Baoya New Energy Vehicle Co., Ltd., the subsidiary of Chijet Motor located in Yantai City, Shandong Province. The purpose of ...

The risks set out below are not exhaustive and do not comprise all of the risks associated with an investment in Chijet Motor. Additional risks and uncertainties not currently known to Chijet Motor or which Chijet Motor currently deems immaterial may also have a material adverse ef ect on Chijet Motor's business, financial condition, results of operations, prospects and/or its share price. 8 Following the commencement of production of electric vehicles, we may reduce the production of conventional fuel vehi ...

JILIN CITY, China, March 06, 2024 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ:CJET) (the "Company" or "Chijet"), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles ("NEV") in China, today announced a significant milestone in its global expansion efforts with the export of 100 Senia R7 taxis to Colombia, South America through its majority-owned subsidiary, FAW Jilin Automobile Co., Ltd ("FAW Jilin"). The total sal ...