Chijet Motor Announces a New Sales Order of 435 Vehicles
29 Septembre 2023 - 3:03PM
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”). 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.
The Senia R7 SUVs are expected to be delivered
to the customer in installments from October 2023 to November 2023
pursuant to the Order. Mr. Fengshuo Zhang, the general manager of
the customer, is highly satisfied with the model and said, “Senia
R7 products offer exceptional value, spaciousness, and outstanding
cost performance. These qualities are a testament to FAW Jilin's
profound expertise in automotive research and development, as well
as their commitment to lean manufacturing principles. 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. In
recent years, FAW Jilin has completed a comprehensive strategic
transformation through optimizing the product platform structure,
enhancing research and development investments, refining
manufacturing processes, strengthening the after-sales service
system, and expanding its presence in both domestic and
international markets. These initiatives have established a solid
foundation for future growth.
Since the beginning of this year, the FAW Jilin
automobile sales team has actively broadened sales channels by
adopting a variety of marketing initiatives in the domestic and
international markets, delivering positive outcomes in their
marketing endeavors. The team has broadened marketing channels
to encompass a wide array of township markets, successfully
capturing the interest of rural consumers with the Company’s
cost-effective, high-quality products. This strategic move has led
to, and is expected to continue to bolster confidence in the
company's future sales endeavors.
About Chijet Motor Company,
Inc.
The primary business of Chijet is the
development, manufacture, sales, and service of traditional fuel
vehicles and NEVs. State-of-the-art manufacturing systems and
stable supply chain management enable the Company to provide
consumers with products of high performance at reasonable prices.
In addition to its large modern vehicle production base in Jilin,
China, a factory in Yantai, China will be dedicated to NEV
production upon completion of its construction. Chijet has a
management team of industry veterans with decades of experience in
engineering and design, management, financing, industrial
production, and financial management. For additional information
about Chijet, please
visit www.chijetmotors.com.
Chijet Contact:2888 Donshan
StreetGaoxin Automobile Industrial ParkJilin City, JL.
P.R.China0535-2766202 EMAIL: info@chijetmotors.com
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995. Chijet’s
actual results may differ from its expectations, estimates and
projections and consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “might” and “continues,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, statements regarding Chijet’s leadership team, Chijet’s
continued growth and financial and operational improvements, along
with those other risks described under the heading “Risk Factors”
in the prospectus Chijet filed with the Securities and Exchange
Commission (the “SEC”) on March 30, 2023, and those that are
included in any of Chijet’s future filings with the SEC. These
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside of the
control of Chijet and are difficult to predict. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by such forward-looking
statements. Readers are cautioned not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. Chijet undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made except as required by law or applicable regulation.
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/d3f7d442-6fe5-4a75-bd75-c91072a96984https://www.globenewswire.com/NewsRoom/AttachmentNg/26d8644c-7998-43ba-b715-06a6e6685aa5
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