Articles from Chijet Motor Company, Inc.

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company”), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (“NEV”), today announced that it is in the process of issuing a total of 640,850 ordinary shares of par value US$0.003 (the “Ordinary Shares”) to the holders of contingent value rights (“CVRs”) on record as of September 13, 2024 (the “Qualifying CVR Holders”) pro rata, based on their respective number of CVRs held. The record date for the Qualifying CVR Holders to receive such shares shall be September 13, 2024.

JILIN CITY, China, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company”), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (“NEV”) today announced that, on August 15, 2024, it received two notification letters (the “Nasdaq Notices”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that (i) for the preceding 30 consecutive business days, the market value of the Company’s listed securities (“MVLS”) did not maintain a minimum market value of $50,000,000 (the “Minimum MVLS Requirement”) as required by Nasdaq Listing Rule 5450(b)(2)(A), and (ii) for the preceding 32 consecutive business days, the market value of the Company’s publicly held shares (“MVPHS”) did not maintain a minimum market value of $15,000,000 (the “Minimum MVPHS Requirement”) as required by Nasdaq Listing Rule 5450(b)(2)(C).

Chijet intends to use a reverse-stock split to bring the company into compliance with listing requirements of The Nasdaq Global Market

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (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”), is pleased to announce that the Company’s annual shareholder meeting was held on June 28, 2024. At the meeting, the Company’s shareholders approved: (1) a reverse stock split (a “share consolidation” under Cayman Islands law) pursuant to which every 30 issued and unissued ordinary shares of the Company, par value US$0.0001 per share, is now consolidated into 1 ordinary share of the Company, par value US$ 0.003 per share; (2) an increase in the Company’s authorized share capital from US$50,000.00 divided into 16,666,667 authorized ordinary shares, par value of US$ 0.003 per share, to US$30,000,000.00 divided into 10,000,000,000 authorized ordinary shares, par value US$0.003 per share; and (3) an amended and restated memorandum and articles of association of the Company reflecting the foregoing clauses (1) and (2).

JILIN CITY, China, June 18, 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 June 7, The holding subsidiary FAW Jilin Automobile Co., Ltd. (“FAW JiLin”) of Chijet Motor signed an intention agreement with the administration committee of Jilin National High-tech Industrial Development Zone and Haikou BIAOCHI Automobile Culture Development Co., Ltd. (“BIAOCHI”) for automobile industry culture tourism and race automobile R&D and manufacture. FAW JiLin and BIAOCHI will cooperate to do project of automobile culture tourism with northeast ice-snow tourism characteristics. Depending on the automobile R&D and manufacture system of FAW JiLin, a kart, ATV & UTV new energy and fuel automobile manufacture base will be constructed in the factory of FAW JiLin in the future. In addition, a comprehensive cultural tourism base with kart track, off-road track, rallying field and RV camping will be constructed nearby. The industrial cultural tourism project integrates automobile race, automobile development, RV camping, music and gastronomy.

JILIN CITY, China, June 17, 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 10, the holding subsidiary FAW Jilin Automobile Co., Ltd. (“FAW Jilin”) of Chijet Motor signed products sale agency agreement with SARL AI MOTORS from Algeria. SARL AI MOTORS is an auto importer and seller of Algeria. After the agreement was signed, SARL AI MOTORS as the exclusive selling agent in Algeria would sell “SENIA” automobiles of CHIJET in the subsequent two years at least.

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 TANK AUTO, a Uzbekistan local auto distributor. TANK AUTO will carry out automotive sales and after-sales services, as a distribution and sales agent of FAW in Uzbekistan in the next three years.

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 visit was to discuss and exchange views on a special program aimed at introducing Chijet Motor’s related industries to Shenzhen. Futian District financial center related responsible person attended the meeting.

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”).

YANTAI, China, Jan. 16, 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 strategic cooperation framework agreement with Changsha Automobile Innovation Research Institute and Zhiche Xinan (Suzhou) Information Security Technology Co. Ltd., aimed at significantly bolstering automotive cybersecurity capabilities.

YANTAI, China, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (Nasdaq: CJET) (“Chijet” or “we,” “our,” or the “Company”), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (“NEV”) in China, is providing further commentary on the financial results for the first half of 2023 that were released on December 4, 2023.

YANTAI, China, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (Nasdaq: CJET) (“Chijet” or “we”, “our”, or the “Company”), 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 its unaudited financial results for the six months ended June 30, 2023.

YANTAI CITY, China, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company” or “Chijet Motor”) announced a visit by Mr. Giuliano Biasio, the design director and partner of Italy’s TORINO Design, renowned for its Italian design aesthetics. This visit, which took place on November18, 2023, brought together key figures in the automotive design world.

JILIN CITY, China, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company” or “Chijet Motor”), a player in the new energy vehicle (NEV) market, is pleased to announce the successful culmination of its recent rural marketing events for NEV, representing a significant initiative by Chijet Motor to execute on its expansion strategy.

NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company” or “Chijet”) announced today that its majority owned subsidiary, FAW Jilin Automobile Co., Ltd. (“FAW Jilin”), has signed a sales order for 435 units of Senya R7 SUVs, a classic model of Chijet (the “Order”). This development reflects Chijet's commitment to addressing market demands and fortifying its standing within the automotive sector, timed with the peak season for automobile consumption in China.

NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company” or “Chijet”), today announced that it has initiated its FA17’s 2024 model project with a -kick-off ceremony held in Yantai on September 20, 2023.

NEW YORK, July 14, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (the “Company” or “Chijet”), today announced that its majority-owned subsidiary FAW Jilin Automobile Co., Ltd. ("FAW Jilin") has completed the first shipment of automobile orders to Peru through its newly developed export operation at Tianjin Port, China. This milestone marks the official opening of FAW Jilin's dual-channel export model, signifying a new phase of development for the Company’s international marketing business.

NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQCJET) (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”), is pleased to announce that the first board of directors meeting was held on June 16, 2023. Led by Mu Hongwei, Chairman of the Board of Directors of Chijet, the board discussed the Company’s business with the members of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. The meeting confirmed the newly constituted board, consisting of:

NEW YORK, June 02, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (the "Company" or "Chijet"), a developer of next-generation electric vehicles, was officially listed on NASDAQ on June 2, 2023 under the ticker symbol “CJET.”