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Chijet Motor Company, Inc. (CJET) received a deficiency notice from Nasdaq due to the resignation of an independent director, risking delisting if not compliant by March 15, 2025. The company plans to fill the vacancy on the Audit Committee within the cure period.
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End-of-Day
-8.77%
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Chijet Motor Company, Inc. (CJET) achieves a significant milestone by exporting 100 Senia R7 taxis to Colombia, South America, through its subsidiary FAW Jilin. The total sales price amounts to US$785,000. The company aims for further global expansion into regions like North Africa, the Middle East, Central Asia, and Oceania, focusing on sustainable transportation solutions.
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-9.89%
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Chijet Motor Company, Inc. (CJET) announced a strategic cooperation framework agreement with Changsha Automobile Innovation Research Institute and Zhiche Xinan (Suzhou) Information Security Technology Co. Ltd. to bolster automotive cybersecurity capabilities. The agreement aims to develop services including data security, system certification, compliance services, security testing, and more. The collaboration recognizes the need to fortify vehicles' cybersecurity, especially with the continuous upgrading of trends in electrification and intelligence for automobiles. Chijet's CEO, Mr. Hongwei Mu, emphasized the goal of achieving technological strides in the realm of intelligent vehicle cybersecurity.
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0.97%
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Chijet Motor Company, Inc. (Nasdaq: CJET) reported a 73.2% year-on-year decrease in sales revenue and a 71.8% decrease in sales volume for the first half of 2023 due to the strategic transformation and policy-driven reduction in deliveries of fuel vehicles. The company remains optimistic about its successful transition plan and expects significant improvements in product production and sales figures in 2024. Chijet also anticipates sales revenue to range between $362 million and $434 million for the full year of 2024, with a focus on new energy vehicles.
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Rhea-AI Sentiment
End-of-Day
-1.98%
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Rhea-AI Summary
Chijet Motor Company, Inc. (Nasdaq: CJET) reported a decrease of 73.2% in revenues, 71.8% decrease in units of vehicles sold, and a net loss of $57.6 million for the six months ended June 30, 2023. The company also announced a successful business combination with Jupiter Wellness Acquisition Corp. and commenced trading on the Nasdaq Capital Market on June 2, 2023. Chijet Motor Company, Inc. is actively advancing its new energy strategy and reducing the production and sales ratio of fuel vehicles.
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End-of-Day
-26.29%
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Chijet Motor Company, Inc. (CJET) announced a visit by Mr. Giuliano Biasio, design director and partner of Italy’s TORINO Design, to deepen their collaboration. The visit emphasized the unique design language and artistic nuances in the appearance of Chijet Motor’s flagship model, the FB77. Both parties engaged in discussions concerning the integration of styling aesthetic concepts and automotive technology for forthcoming vehicles. Chijet Motor and TORINO Design forged a shared vision of cooperation, set to deepen the scope of their partnership and focus on creative styling and design development for new models.
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Chijet Motor Company's subsidiary, FAW Jilin, has signed a sales order for 435 units of Senya R7 SUVs, reflecting Chijet's commitment to addressing market demands. The SUVs are expected to be delivered from October to November 2023. FAW Jilin has undergone strategic transformation and has broadened marketing channels, leading to positive outcomes in their marketing endeavors. This is expected to bolster confidence in the company's future sales.
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Rhea-AI Sentiment
End-of-Day
12.84%
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Chijet Motor Company initiates FA17's 2024 model project, focusing on intelligent upgrades and power system enhancements for small and medium-sized electric vehicles. The new 2024 Chijet FA17 will feature a sportier styling and upgraded interior. Expected release in Chinese, Southeast Asian, Middle Eastern, and international markets.
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Chijet Motor Company's subsidiary, FAW Jilin Automobile, has completed its first shipment of automobile orders to Peru through its new export operation at Tianjin Port. This marks the official opening of FAW Jilin's dual-channel export model, allowing the company to establish its own overseas market and export team. With support from FAW Group, FAW Jilin aims to expand its global business footprint.
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Rhea-AI Sentiment
End-of-Day
35.35%
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
1.82%
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Chijet Motor Company, Inc. Ordinary Shares
Nasdaq:CJET
CJET Rankings
CJET Stock Data
53.08M
15.22M
81.34%
0.95%
0.04%
Automobile Manufacturing
Manufacturing
United States of America
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