24/7 Market News Snapshot 14 Jun 2024 – Chijet Motor Company, Inc. Ordinary Shares (NASDAQ: CJET)

June 14, 2024 7:32

Press Release

DENVER, Colo., 14 June, 2024 (247marketnews.com) – (Nasdaq:CJET) are discussed in this article.
Chijet Motor Company, Inc. (Nasdaq:CJET) experienced a notable surge in its stock price, reaching $0.345 in pre-market trading, indicating a substantial 42.07% increase from the previous session close of $0.29. This upward trend, accompanied by a robust trading volume of 10.1 million shares, reflects heightened investor interest and potential opportunities in the market. As an automotive industry leader, CJET recently announced a key strategic move towards international expansion. Its subsidiary, FAW Jilin Automobile Co., Ltd., sealed a pivotal cooperation agreement with TANK AUTO, a prominent Uzbekistan-based auto distributor.

In this landmark three-year partnership, brokered by the Tashkent Region’s economic governor, TANK AUTO assumes the exclusive distributorship of FAW vehicles in Uzbekistan. This collaboration underscores CJET’s commitment to global market penetration and offering top-notch automotive solutions worldwide. Leveraging FAW’s expertise in traditional and new energy vehicles, the alliance aims to cater to the evolving automotive demands in Uzbekistan. By harnessing TANK AUTO’s local market knowledge, FAW seeks to enhance its presence in the region and provide customers with exceptional products and services.

This strategic collaboration symbolizes a new chapter for both FAW and TANK AUTO, highlighting their dedication to innovation, customer satisfaction, and sustainable growth. Investors and industry observers are encouraged to monitor CJET’s trajectory as it navigates this transformative partnership and capitalizes on emerging opportunities in the international automotive landscape. Stay tuned for updates on CJET’s advancements and milestones as it continues to drive excellence and value for its stakeholders.

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