WebsiteIntroduction
CHIJET MOTOR COMPANY INC (NASDAQ: CJET) is a Cayman Islands–incorporated automotive manufacturer specializing in electric and traditional-fuel vehicles. As of September 26, 2025, its shares traded at $0.2024, reflecting a 25.17% increase on that day with a volume of 26,719,138. Under the brand name ě°¨ěť´ě Ż 모터, the company focuses on electric vehicle (EV) performance as well as traditional fuel-powered models.
Corporate Structure and Experience
Chijet sells its products through more than 300 dealerships across China and Southeast Asia via its subsidiary FAW Jilin Automobile Co., Ltd. Founded in 2019, Chijet acquired a 60.05% stake in FAW Jilin from FAW Group, which has produced over 3 million vehicles to date and reported over $100 billion in revenue in 2021. FAW Group ranked 66th on the 2021 Fortune Global 500 list. In Yantai, China, Chijet operates a 5.15 million-square-foot factory serving as its EV production hub and headquarters. The company’s management team includes experienced professionals in engineering, design, industrial production, and financial management. FAW Jilin has earned IATF 16949, ISO 45001, ISO 14001, and ISO 50001 certifications.
Electric Vehicles by CHUTTERSNAP
Recent Developments
On September 10, 2025, Chijet’s board saw multiple resignations, including former CEO Hongwei Mu, and appointed Melissa Chen as CEO. Independent directors Jonathan Zhang and Huijie Gao joined the board on the same day. At the Annual General Meeting on September 25, 2025, shareholders approved:
- A 100-for-1 share consolidation for Class A and Class B ordinary shares
- A name change to Digital Currency X Technology Inc., pending approval from the Cayman Islands’ Registrar
- Amendments to the memorandum and articles of association
These changes aim to consolidate the share structure and broaden the company’s strategic focus.
Financial and Strategic Analysis
Chijet’s market capitalization was approximately $7.3 million as of late September 2025, with 45.09 million shares outstanding. Over the past year, its share price ranged from $0.08 to $2.99, and its year-to-date performance showed a decline of 93.03%. The trailing 12-month EPS was –$8.66, and EBITDA reached approximately $38.1 million. A debt-to-equity ratio of 53.08% indicates moderate leverage for an emerging automotive firm. Chijet continues to pursue enhancements in EV performance while maintaining its traditional fuel offerings, supported by its Yantai facility and partnership with FAW.
Market Position and Industry Context
In the competitive Chinese EV market, Chijet differentiates itself with a focus on both zero-emission and internal combustion vehicles. Its partnership with FAW Group—one of the four largest automotive manufacturers in China—provides manufacturing capabilities and market reach. The industry's shift toward sustainability and battery innovations aligns with Chijet's operational goals. However, the volatility in its stock performance highlights the challenges faced by smaller-cap EV manufacturers in a changing regulatory environment and amidst global supply-chain disruptions.
TL;DR
On September 10, 2025, Chijet revamped its board and appointed Melissa Chen as CEO. Shareholders at the September 25, 2025 Annual General Meeting approved a 100-for-1 share consolidation and a proposed name change to Digital Currency X Technology Inc., pending regulatory approval. The stock increased by 25.17% to $0.2024 on September 26, 2025. Investors will monitor the Cayman Islands’ approval of the name change and the effects of the consolidation on liquidity and market perception.
