CJET

Chijet Motor Company, Inc. Announces Receipt of Nasdaq Notice of Deficiency Resulting from Resignation of Director

Retrieved on: 
Thursday, March 21, 2024
CJET, Audit committee

The deficiency cited by Nasdaq was due to the resignation of Mr. Simon Pang, an independent director of the Company, from the board of directors (the “Board”) and the audit committee of the Board (the “Audit Committee”).

Key Points: 
  • The deficiency cited by Nasdaq was due to the resignation of Mr. Simon Pang, an independent director of the Company, from the board of directors (the “Board”) and the audit committee of the Board (the “Audit Committee”).
  • As a result of the Resignation of Mr. Pang, the Company is no longer in compliance with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605.
  • The Company plans to search for candidates and fill in the vacancy on the Audit Committee within the cure period provided by Nasdaq.
  • The Notice has no immediate impact on the listing of the Company’s ordinary shares on Nasdaq.

Chijet Motor Company, Inc.’s Subsidiary FAW Jilin Breaks Ground in South America with Export of 100 Senia R7 Taxis to Colombia

Retrieved on: 
Wednesday, March 6, 2024
Transport, Growth, CJET, FAW, FAW Jilin, Renewable energy

With a focus on sustainable transportation solutions, FAW Jilin aims to enhance its export activities, with projections indicating a notable increase in exports for 2024.

Key Points: 
  • With a focus on sustainable transportation solutions, FAW Jilin aims to enhance its export activities, with projections indicating a notable increase in exports for 2024.
  • Exporting whole cars to South America demonstrates Chijet's commitment to enter into new markets.
  • “We are thrilled to announce the successful export of our Senia R7 taxis to Colombia, South America.
  • The export of our Senia R7 Taxis to Colombia marks an important moment in our company's journey and underscores our commitment to driving sustainable mobility solutions on a global scale.

Chijet Motor Company, Inc. Signs Strategic Agreement to Improve Automotive Cybersecurity

Retrieved on: 
Tuesday, January 16, 2024
Research, TARA, Risk assessment, Intrusion detection system, Jilin University, Car, CJET, Intelligence, Automotive industry, IDPS, College, Medical device

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.

Key Points: 
  • 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.
  • Pursuant to the agreement, the three parties recognized the pressing need to fortify vehicles’ cybersecurity, especially with the continuous upgrading of trends in electrification and intelligence for automobiles and the escalating integration of cloud services and applications in automotive functionalities.
  • Preventing unauthorized access by hackers aiming to seize control of vehicles was also mentioned as a significant challenge confronting intelligent vehicle stakeholders.
  • Additionally, the parties agreed to orient their collective efforts towards compliance-driven initiatives, with a priority on safeguarding the users and establishing a holistic cybersecurity infrastructure, thus promoting and advancing robust and innovative growth in the field of cyber information security.

Chijet Motor Company Provides Further Commentary on its Financial Results for the First Half of 2023

Retrieved on: 
Thursday, December 14, 2023
CJET, Automation, Engineering, FAW Jilin

Although the data for the first half of 2023 shows a downward trend, management remains optimistic regarding the successful implementation of the business development and growth strategy.

Key Points: 
  • Although the data for the first half of 2023 shows a downward trend, management remains optimistic regarding the successful implementation of the business development and growth strategy.
  • Management sees the year of 2023 as a pivotal one for the strategic transformation of the business.
  • With resolute determination, Chijet successfully integrated the structure of the original state-owned enterprise with the existing private enterprise, vigorously advancing the new energy strategy.
  • In terms of the Company operations as part of the transition plan, the construction of the Yantai factory is progressing as currently planned.

Collaboratively Charting the Future of Auto Design: Italian Company TORINO Design Visits Chijet Motor

Retrieved on: 
Thursday, November 23, 2023
Car, Ecosystem, Culture, Partnership, System, Language, Big data, CJET, Digital technology, Industrial design

YANTAI CITY, China, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (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.

Key Points: 
  • YANTAI CITY, China, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (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.
  • Turin’s unique design ethos, known as “The Production of Art,” sets the stage for innovative design in the automotive industry.
  • During the visit to Chijet Motor, TORINO Design’s team explored Chijet Motor’s styling center, with Mr. Giuliano Biasio test-driving Chijet Motor’s flagship model, the FB77.

Chijet Motor Expands Reach to Rural Areas, Leveraging New Policies

Retrieved on: 
Monday, October 16, 2023
Traction, National Development and Reform Commission, NEVS, Bev, R7, Growth, Marketing, SUV, BEV, CJET

This achievement underscores the success of Chijet Motor's strategic initiative to penetrate rural areas with its high-quality NEV offerings.

Key Points: 
  • This achievement underscores the success of Chijet Motor's strategic initiative to penetrate rural areas with its high-quality NEV offerings.
  • Leveraging the Chinese government's push for NEV adoption in rural regions, Chijet Motor's products have gained substantial traction among rural consumers.
  • Chijet Motor views this NEV sales initiative in rural areas as a crucial strategy to broaden its sales channels.
  • This strategic foray into rural markets is poised to fuel Chijet Motor’s continued growth and development.

Chijet Motor Announces a New Sales Order of 435 Vehicles

Retrieved on: 
Friday, September 29, 2023
FAW Jilin, Marketing, CJET, Research, Senia R7, Investment, Order, Growth, Automotive industry

NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (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”).

Key Points: 
  • NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (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”).
  • The Senia R7 SUVs are expected to be delivered to the customer in installments from October 2023 to November 2023 pursuant to the Order.
  • We have confidence in the product's quality.”
    As a significant subsidiary of Chijet Motor, FAW Jilin boasts more than 40 years of automotive manufacturing.
  • This strategic move has led to, and is expected to continue to bolster confidence in the company's future sales endeavors.

Chijet Initiates Development of FA17 2024 Model Project

Retrieved on: 
Monday, September 25, 2023
CJET, Travel, EV, Research, FA17, Rail transport

NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (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.

Key Points: 
  • NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Chijet Motor Company, Inc. (NASDAQ: CJET) (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.
  • This proactive approach establishes a solid foundation for future development and upgrades, ensuring readiness for mass production and sales.
  • The new 2024 Chijet FA17 is expected to feature a sportier styling, with the front end adopting the exterior design of popular EV models, stylish headlamps, through-type taillights at the rear, and a luggage rack on the roof.
  • Mr. Guixin Wu, the general manager of FA17 project, remarked, “The FA17 model is designed to be a travel companion for urban young people.

Canada Jetlines Reports Strong Operational Performance in August 2023 and Participation in IRLABS Investor Roadshow

Retrieved on: 
Tuesday, September 5, 2023
Vacation, Air, Transportation, Transport, Travel, Aircraft, CJET, Autumn, Growth, City, Multimedia, NEO, Tourism, Airline

Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), Canada’s friendly leisure airline, is pleased to provide an update on recent initiatives, and participation in the IRLABS investor roadshow across Canada.

Key Points: 
  • Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), Canada’s friendly leisure airline, is pleased to provide an update on recent initiatives, and participation in the IRLABS investor roadshow across Canada.
  • As we head into the Fall and Winter months, we look forward to continued momentum as we expand our service into new sunny destinations.
  • Management will be visiting all four cities in-person and looks forward to connecting with the investment community.
  • Click here for Canada Jetlines most recent investor presentation.

Chijet Motor Company’s Majority-owned Subsidiary Achieved a Breakthrough in Export Model

Retrieved on: 
Friday, July 14, 2023
FAW, FAW Jilin, CJET, Research, FAW Group, Growth, Port of Tianjin, Automotive industry

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.

Key Points: 
  • 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.
  • With strong support from FAW Group, FAW Jilin has implemented its own overseas sales platform and established a dual-channel export model by leveraging both FAW Group's export channel and its own export channel.
  • In a recent breakthrough, FAW Jilin’s self-operated export operation team secured its first order in the Peruvian market.
  • With access to the dual-channel export model, FAW Jilin anticipates future export orders and growing prominence in the international market arena.