Chijet Motor Announces Digital Asset Treasury Holdings Have Surpassed $400 Million

Core Insights - Chijet Motor Company has announced that its digital asset treasury holdings have exceeded $400 million, marking a significant milestone in its diversification strategy [1][2] - The company has acquired 100 million tokens as part of its strategic digital asset initiative, which aims to enhance business diversification and participate in blockchain ecosystem growth [1][2] Company Overview - Chijet is engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, supported by advanced manufacturing systems and stable supply chain management [3] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to new energy vehicle production [3] - Chijet's management team consists of industry veterans with extensive experience in engineering, design, management, financing, industrial production, and financial management [3]