Company Description
CJET historically refers to the Class A ordinary shares of Chijet Motor Company, Inc., a company associated with the automobile manufacturing industry in the broader manufacturing sector. According to its public communications, the company has described itself as a global automotive technology enterprise and has pursued initiatives that connect mobility, intelligent infrastructure, and digital assets. The shares have been listed on the Nasdaq Capital Market under the symbol CJET.
Based on information in its reports and press releases, the company has undertaken a corporate transition. Shareholders approved a change of the corporate name from “Chijet Motor Company, Inc.” to Digital Currency X Technology Inc., and the company has announced that, at the opening of trading on December 10, 2025, its Class A ordinary shares would begin trading on Nasdaq under the new ticker symbol DCX. In connection with the name and ticker change, the company has stated that no action is required from existing securityholders and that the CUSIP number remains the same. Historical trading data for periods prior to the effective date may continue to appear under the former name and symbol, “Chijet Motor Company, Inc.” and “CJET,” on some third-party platforms.
The company is organized as a foreign private issuer and has filed reports on Form 6-K and a registration statement on Form F-3 with the U.S. Securities and Exchange Commission. These filings indicate that the company is incorporated in the Cayman Islands and maintains principal executive offices in the People’s Republic of China, in Yantai, Shandong Province. Through these filings, the company has provided financial statements, operating and financial review and prospects, and details of capital-raising transactions.
According to its public announcements, the company has described itself as a global automotive technology enterprise and has communicated a broader mission to integrate artificial intelligence and real-world infrastructure innovation across its automotive and industrial divisions. It has highlighted activities related to smart mobility, intelligent manufacturing platforms, and the application of edge computing and on-device intelligence in vehicles, sensors, and industrial systems. These activities are presented by the company as part of its evolution toward intelligent mobility and infrastructure.
The company has also announced a strategic focus on edge intelligence through an alignment with EdgeAI, an edge-native intelligence infrastructure company. In its description of this initiative, the company has emphasized the role of AI operating closer to where data is generated to support faster decision-making, safety, and operational efficiency across its ecosystem of vehicles, factories, and infrastructure. The collaboration with EdgeAI is framed as part of a long-term innovation roadmap in mobility and intelligent infrastructure.
In addition to its automotive and edge intelligence focus, the company has disclosed a significant expansion into digital assets. It has announced a strategic digital asset initiative and the acquisition of tokens as part of a digital asset treasury strategy. In one public statement, the company indicated that it had acquired a large number of tokens and that the value of its digital asset treasury holdings had surpassed a specified threshold, which it characterized as an important milestone in its diversification strategy. The company has stated that this digital asset strategy is intended to provide business diversification, treasury innovation, and participation in blockchain ecosystem growth, and that it intends to continue accumulating digital assets in line with its capital allocation framework and market conditions.
The company has also announced a definitive agreement with EdgeAI Frontier Technology Ltd. to acquire up to a substantial amount of EdgeAI tokens at a discount to prevailing market prices. In its description of this agreement, the company has stated that the discounted purchase structure is expected to create immediate economic value relative to current market rates and to help establish a cryptocurrency treasury. EdgeAI is described as the company’s primary advisor on digital assets, providing expertise in token acquisition strategies, treasury management, and risk mitigation. Under this agreement, the company has stated that it will serve as a validator node on the EdgeAI blockchain network, with the potential to earn staking rewards and generate recurring revenue, and that the parties intend to explore additional opportunities such as a multi-strategy digital asset investment vehicle.
From a capital markets perspective, the company has used its Form F-3 shelf registration to conduct multiple registered direct offerings of Class A ordinary shares and pre-funded warrants. In its Form 6-K filings, the company has described offerings in which it sold newly issued Class A ordinary shares and pre-funded warrants to institutional and other investors, engaged placement agents, and paid cash fees and expense reimbursements. These filings outline the basic terms of the offerings, including purchase prices, use of proceeds for purposes such as acquisition of new businesses, corporate management, talent recruitment, and general working capital, as well as lock-up arrangements and limitations on additional issuances for specified periods.
The company has also reported on its interactions with the Nasdaq Stock Market regarding continued listing standards. In one press release furnished on Form 6-K, the company disclosed that it had received a Nasdaq notification concerning non-compliance with the minimum bid price requirement, and in a later communication it reported that it had regained compliance after its closing bid price met the required threshold for the specified number of consecutive business days. In another announcement, the company disclosed a one hundred-for-one share consolidation (also referred to as a share consolidation of its issued and unissued ordinary shares), approved by shareholders and implemented by the board of directors, with the stated expectation that the consolidation-adjusted trading would commence on a specified date and that the consolidation would affect all shareholders uniformly without changing their percentage ownership.
Overall, the historical CJET symbol is associated with a company that has combined an automobile manufacturing and automotive technology background with initiatives in intelligent mobility, edge intelligence, and digital asset treasury management. The transition to the name Digital Currency X Technology Inc. and the planned change of ticker symbol to DCX reflect a broader strategic emphasis that includes digital currency and blockchain-related activities alongside its existing technology and manufacturing focus, as described in the company’s own announcements.
Key business themes
- Automotive and manufacturing roots: The company has been associated with the automobile manufacturing industry and has described itself as a global automotive technology enterprise.
- Smart mobility and intelligent infrastructure: Public statements refer to smart mobility, intelligent manufacturing platforms, and the integration of AI into vehicles, sensors, and industrial systems.
- Edge intelligence alignment: The company has announced an alignment with EdgeAI to explore edge computing and on-device intelligence as part of its long-term roadmap.
- Digital asset strategy: The company has adopted a digital asset treasury strategy, including the acquisition of tokens and an agreement to acquire EdgeAI tokens at a discount.
- Capital markets activity: The company has conducted registered direct offerings under a Form F-3 registration statement and has addressed Nasdaq listing compliance matters, including a share consolidation and minimum bid price notifications.
- Corporate transition: Shareholders approved a change of name to Digital Currency X Technology Inc., and the company has announced a corresponding change of ticker symbol from CJET to DCX, with historical trading data for earlier periods associated with the CJET symbol.
FAQs about CJET / Chijet Motor Company, Inc.
- What company did the CJET ticker represent?
The CJET ticker has represented the Class A ordinary shares of Chijet Motor Company, Inc., a company associated with the automobile manufacturing industry and described in its public communications as a global automotive technology enterprise.
- What is the relationship between CJET and Digital Currency X Technology Inc.?
According to the company’s filings and press releases, shareholders approved changing the company’s name from Chijet Motor Company, Inc. to Digital Currency X Technology Inc., and the company announced that its Class A ordinary shares would begin trading on Nasdaq under the new name and ticker symbol DCX at the opening of trading on December 10, 2025. Historical trading data for earlier periods may still appear under the former name and symbol CJET on some platforms.
- In which country are the company’s principal executive offices located?
Form 6-K filings state that the company’s principal executive offices are located in the People’s Republic of China, in Yantai, Shandong Province.
- What sector and industry is the company associated with?
The company is associated with the manufacturing sector and the automobile manufacturing industry, and has described itself as a global automotive technology enterprise in its public announcements.
- How has the company described its strategic focus in technology?
In its press releases, the company has described a strategic focus on smart mobility, intelligent manufacturing platforms, and the integration of edge computing and artificial intelligence across vehicles, sensors, and industrial infrastructure, including an alignment with EdgeAI to advance edge intelligence.
- What is the company’s digital asset strategy?
The company has announced a digital asset treasury initiative, including the acquisition of tokens and the accumulation of digital assets. It has also disclosed an agreement with EdgeAI Frontier Technology Ltd. to acquire up to a specified amount of EdgeAI tokens at a discount, with the goal of building a cryptocurrency treasury and participating in blockchain ecosystem growth.
- What capital-raising activities has the company reported?
Through Form 6-K filings, the company has reported registered direct offerings of Class A ordinary shares and pre-funded warrants under its effective Form F-3 registration statement, engaging placement agents and using proceeds for purposes such as acquisition of new businesses, corporate management, talent recruitment, and general working capital.
- How has the company addressed Nasdaq listing requirements?
The company has disclosed receiving Nasdaq notifications regarding the minimum bid price requirement and has later reported regaining compliance after its shares met the required bid price for the specified period. It has also implemented a one hundred-for-one share consolidation of its ordinary shares, with the stated expectation that this would affect all shareholders uniformly and that trading would continue on a consolidation-adjusted basis.
- Does CJET still trade under that ticker symbol?
The company has announced that, effective at the opening of trading on December 10, 2025, its Class A ordinary shares would begin trading on the Nasdaq Capital Market under the new ticker symbol DCX, with the same CUSIP number. As a result, current trading is associated with the DCX symbol, while historical data for earlier periods may be referenced under CJET on some third-party platforms.
- Where can investors find more detailed information about the company?
Investors can review the company’s filings on Form 6-K and its registration statement on Form F-3, which include financial statements, operating and financial review and prospects, and details of securities offerings. These documents are available through the U.S. Securities and Exchange Commission’s public filing system.
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Short Interest History
Short interest in Chijet Motor Company (CJET) currently stands at 352.6 thousand shares, up 123.7% from the previous reporting period, representing 8.1% of the float. Over the past 12 months, short interest has increased by 859.2%.
Days to Cover History
Days to cover for Chijet Motor Company (CJET) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 76.1% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 10.4 days.