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, today announced a significant milestone in its global expansion efforts with the export of 100 Senia R7 taxis to Colombia, South America through its majority-owned subsidiary, FAW Jilin Automobile Co., Ltd ("FAW Jilin").
The total sales price amounts to US$ 785,000 (approximately ¥5.7 million RMB). With a focus on sustainable transportation solutions, FAW Jilin aims to enhance its export activities, with projections indicating a notable increase in exports for 2024.
Exporting whole cars to South America demonstrates Chijet's commitment to enter into new markets. Looking ahead, Chijet is poised for further expansion into key regions such as North Africa, the Middle East, Central Asia, and Oceania. With a strategic focus on growth and innovation, Chijet aims to enhance its presence globally while contributing to the advancement of sustainable transportation initiatives.
"We are thrilled to announce the successful export of our Senia R7 taxis to Colombia, South America. This achievement underscores our dedication to expanding our footprint in international markets and providing innovative, environmentally friendly transportation solutions worldwide," said Mr. Yunfei Wang, Head of FAW Jilin's factory. "We are immensely proud of our team's dedication and hard work in achieving this milestone. The export of our Senia R7 Taxis to Colombia marks an important moment in our company's journey and underscores our commitment to driving sustainable mobility solutions on a global scale. As we continue to expand into new markets and forge strategic partnerships, we remain steadfast in our mission to lead the transition towards a more sustainable future."