WebsiteIntroduction to Chijet Motor Company Inc.
Chijet Motor Company Inc. (NASDAQ: CJET) develops, manufactures, sells, and services both electric vehicles (EVs) and traditional-fuel vehicles. As of September 19, 2025, its shares traded at $0.1890, representing a price increase of 86.57% on a volume of 122,868,812 shares. The company operates through its Chinese subsidiaries and a global dealer network, positioning itself in the new energy vehicle market.
Corporate Structure and Leadership
Chijet holds a 60.05% interest in FAW Jilin Automobile Co., Ltd., a production subsidiary that manufactures three SUVs under the Senya brand and four light-truck models under the Jiabao brand. Vehicles are sold through more than 300 dealerships across China and Southeast Asia. In Yantai, China, Chijet built a 5.15 million-square-foot factory dedicated to EV production, which also serves as its corporate headquarters.
The management team includes professionals with expertise in engineering, design, financing, industrial production, and financial management. On September 10, 2025, five directors resigned, and Melissa Chen was appointed as Chief Executive Officer, along with independent directors Jonathan Zhang and Huijie Gao.
Electric Vehicles by CHUTTERSNAP
Developments and News
- February 13, 2025: The Nasdaq Listing Qualifications Department notified Chijet of its determination to delist shares for failing to meet the $50 million minimum market value requirement. Chijet filed an appeal to maintain trading pending a Hearings Panel decision.
- September 11, 2025: An amended notice for the Annual General Meeting (AGM) scheduled for September 22, 2025, proposed a reverse stock split consolidating up to 30 existing shares into one and a company name change to “Digital Currency X Technology Inc.”
- September 12, 2025: Form 6-K disclosed the board and management changes effective September 10, 2025, without indicating disagreements regarding company operations.
Financial and Strategic Overview
For the fiscal year ended December 31, 2024, Chijet reported revenue of $6.92 million, a 27.08% decline from 2023, and a net loss of $46.90 million, a 31.15% reduction year-over-year. Trailing-twelve-month metrics include:
- Revenue: $6.915 million
- EBITDA: –$38.055 million
- Net margin: –997.90%
- Gross margin: –359.02%
- Debt-to-equity ratio: 53.08%
Chijet's partnership with FAW Group, which produced over 3 million vehicles in 2021 and generated more than $100 billion in revenue that year, aims to enhance EV performance while maintaining a minimal carbon footprint. The FAW Jilin subsidiary holds certifications for ISO 14001 (environment), ISO 45001 (health and safety), and IATF 16949 (quality management).
Market Position and Industry Context
Chijet operates in a competitive EV sector influenced by both domestic manufacturers (such as BYD, Nio, and Li Auto) and international brands (including Tesla and Volkswagen). With a market capitalization close to $4.57 million and a 52-week share price range of $0.08 to $2.99, the company is classified as small-cap and is under pressure to meet listing standards. Its reliance on the FAW network and production capacity in Jilin and Yantai provides scale; however, the company faces challenges regarding profitability and margin expansion amid industry consolidation and tightening capital requirements.
tl;dr
Chijet received a delisting notice from Nasdaq on February 13, 2025, and filed an appeal to continue trading. The AGM on September 22, 2025, will address a proposed reverse stock split and a name change to Digital Currency X Technology Inc. Major board resignations occurred on September 10, 2025, with Melissa Chen appointed CEO. The company seeks to meet Nasdaq compliance and revisit its share structure while managing a significant loss position and low market valuation.
