Chijet Motor pany(US:CJET) Globenewswire·2025-10-28 11:00Core Insights - Chijet Motor Company has entered into an exclusive technology cooperation framework agreement with Tagvance Pte. Ltd. to advance autonomous driving technology for both passenger and commercial vehicles [1][2] - The partnership grants Chijet exclusive global rights to integrate and commercialize Tagvance's autonomous driving technology, with both companies co-owning any jointly developed intellectual property [2][4] - The collaboration will involve participation in government-supported autonomous driving pilot programs in Singapore and China, ensuring compliance with relevant regulations [3][4] Company Overview - Chijet Motor Company focuses on the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs), supported by advanced manufacturing systems and supply chain management [5] - The company has a significant production base in Jilin, China, and is constructing a factory in Yantai dedicated to NEV production [5] - Chijet's management team consists of industry veterans with extensive experience in various fields, including engineering, design, and financial management [5]