Chijet Motor Company, Inc.’s Subsidiary Signed Cooperation Agreement with the Auto Dealer of Algeria
June 17 2024 - 8:30AM
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.
FAW Jilin would manufacture SENIA automobiles in
China and export them to Algeria according to the orders of SARL AI
MOTORS. The agreement would be beneficial to market development of
FAW Jilin in Africa.
About Chijet Motor Company, Inc.
The primary business of Chijet Motor 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 Motor 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 Motor, please visit www.chijetmotors.com.
Chijet Motor Contact:2888 Dongshan Street Gaoxin
Automobile Industrial Park Jilin City, JL. P.R.China 0535-2766202
EMAIL: info@chijetmotors.com
Investor Relations Contact: Skyline Corporate
Communications Group, LLC 1177 Avenue of the Americas, 5th Floor
New York, NY 10036 Office: (646) 893-5835 x2 Email:
info@skylineccg.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
Motor’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 Motor’s leadership team,
Chijet Motor’s continued growth and financial and operational
improvements, Chijet Motor’s ability to develop and sell new or
improved products, raise capital, deliver customer orders timely,
execute its business plans, and attract and retain customers and
skilled professionals; risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates,
and general economic conditions affecting the Chijet Motor’s
industry, along with those other risks described under the heading
“Risk Factors” in the prospectus Chijet Motor filed with the
Securities and Exchange Commission (the “SEC”) on March 30, 2023,
and those that are included in any of Chijet Motor’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 Motor 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 Motor 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.
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