SHANDONG

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

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.

Arbutus Reports Fourth Quarter and Year End 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Thursday, February 29, 2024

Arbutus plans to announce end-of-treatment data from this trial in the first half of 2024.

Key Points: 
  • Arbutus plans to announce end-of-treatment data from this trial in the first half of 2024.
  • Arbutus plans to announce end-of-treatment data from this portion of the trial in the first half of 2024.
  • Arbutus is advancing AB-101 into part two of this clinical trial which involves dosing healthy subjects with multiple-ascending doses of AB-101.
  • Roivant Sciences Ltd. owned approximately 23% of the Company’s outstanding common shares as of December 31, 2023.

The Second "GuangJieLi" Festival in Qingdao, China: A Fusion of History and Modernity, Tradition Meets the International

Retrieved on: 
Monday, February 19, 2024

From February 2 to February 25 (Lantern Festival), this month-long festival, co-organized by the local government and several cultural institutions has been held.

Key Points: 
  • From February 2 to February 25 (Lantern Festival), this month-long festival, co-organized by the local government and several cultural institutions has been held.
  • It aims to further propel Qingdao's economic and cultural advancement while offering both domestic and international tourists a distinctive glimpse of the city.
  • This edition of the "GuangJieLi" Festival has curated a rich tapestry of activities.
  • Throughout the "GuangJieLi" Festival, attendees have the opportunity to marvel at diverse art installations, light shows, flower markets, and lantern festivities, among others.

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

Retrieved on: 
Tuesday, January 16, 2024

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

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.

Chijet Announces Financial Results for the Six Months Ended June 30, 2023

Retrieved on: 
Monday, December 4, 2023

Gross margin was negative 670% in the six months ended June 30, 2023, compared with negative 215% in the six months ended June 30, 2022.

Key Points: 
  • Gross margin was negative 670% in the six months ended June 30, 2023, compared with negative 215% in the six months ended June 30, 2022.
  • Research and development expenses were $5,504,000 for the six months ended June 30, 2023, representing a decrease of 18.6% from $6,759,000 for the six months ended June 30, 2022.
  • Net loss was $57,591,000 for the six months ended June 30, 2023, compared with $48,257,000 in the six months ended June 30, 2022.
  • Net loss attributable to shareholders of Chijet was $39,826,000 for the six months ended June 30, 2023, compared with $32,211,000 in the six months ended June 30, 2022.

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

Retrieved on: 
Thursday, November 23, 2023

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.

Olaf Witt: The Chinese Romance of Foreign Faces

Retrieved on: 
Monday, December 25, 2023

Olaf Witter, Supply Chain Director of Fox (China) Food Co., Ltd. from Germany, has been working and living in Jingzhi Town, Anqiu City, Weifang, Shandong Province for 12 years.

Key Points: 
  • Olaf Witter, Supply Chain Director of Fox (China) Food Co., Ltd. from Germany, has been working and living in Jingzhi Town, Anqiu City, Weifang, Shandong Province for 12 years.
  • Jingzhi Town, Anqiu City, where Olaf works, is one of the three ancient towns in Shandong Province, with a history of 5000 years of Baijiu brewing.
  • For the evaluation of Baijiu, Olaf thinks it is like a hospitable Shandong people.
  • Olaf believes that it is the unity and hard work of the Chinese people that has enabled China to develop better and better.

'Linyi Trade City - China Aggregation' International Brand Promotion Conference kicks off in Beijing

Retrieved on: 
Wednesday, December 13, 2023

BEIJING, Dec. 13, 2023 /PRNewswire/ -- A report from Global Times Online:

Key Points: 
  • BEIJING, Dec. 13, 2023 /PRNewswire/ -- A report from Global Times Online:
    The "Linyi Trade City - China Aggregation" International Brand Promotion Conference themed on "Gathering and Selling of Quality Goods around the World" was held in Beijing on December 10, 2023.
  • The conference gave a detailed introduction to the achievements of Linyi, East China's Shandong Province in the trade and logistics industry in recent years and Linyi Trade City's transformation and upgrading, aiming at further enhancing the influence of Linyi Trade City's international brand and helping the investment attraction to a new level.
  • Zhang Xiaobin, Member of the Standing Committee of CPC Linyi Municipal Committee and head of the city's publicity department presided over the conference.
  • Ren Gang, Secretary of CPC Linyi Municipal Committee, delivered a speech at the conference, pointing out that in recent years, Linyi has vigorously implemented the strategy of developing itself into a top trade and logistics city, and cultivated Linyi Trade City.

"Friendly Shandong Remarkable Shandong" 2023 Beijing Presenting Event kicks off

Retrieved on: 
Saturday, November 11, 2023

The opening ceremony of the "Friendly Shandong Remarkable Shandong" 2023 Beijing Presenting Event took place on the morning of November 10th at the Beijing Exhibition Center.

Key Points: 
  • The opening ceremony of the "Friendly Shandong Remarkable Shandong" 2023 Beijing Presenting Event took place on the morning of November 10th at the Beijing Exhibition Center.
  • Over 500 guests from various fields and nearly 200 Chinese and foreign media reporters gathered in Beijing to explore the charm of "Friendly Shandong" and the superiority of "Remarkable Shandong".
  • "Friendly Shandong Remarkable Shandong" has emerged as a prominent business card for Shandong's high-quality development.
  • "The slogan 'Friendly Shandong Remarkable Shandong' has brought us even closer in our cooperation."