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Chijet Motor Company ( (CJET) ) has issued an announcement.
On February 19, 2025, Chijet Motor Company, Inc. announced it received a Staff determination letter from Nasdaq to delist its securities due to non-compliance with market value requirements. The company plans to appeal this decision, hoping to present a compliance plan and request more time to meet Nasdaq’s listing requirements. The outcome of the hearing is uncertain, potentially impacting the company’s market presence and stakeholder confidence.
More about Chijet Motor Company
Chijet Motor Company, Inc. is a high-tech enterprise specializing in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs). The company utilizes state-of-the-art manufacturing systems and stable supply chain management to offer high-performance products at reasonable prices. Chijet operates a large vehicle production base in Jilin, China, and is constructing a dedicated NEV factory in Yantai, China. The management team consists of industry veterans with extensive experience across various domains.
YTD Price Performance: -20.97%
Average Trading Volume: 65,326
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.61M
See more insights into CJET stock on TipRanks’ Stock Analysis page.
