Chijet Motor Partners with Jilin City Gov't for NEV Growth

TL;DR

Chijet Motor inks deal with Jilin City gov't to boost NEV sales and development.

AI Summary

On December 2, 2024, Chijet Motor Company, Inc. announced that its primary operating subsidiary in China, FAW Jilin Auto, has entered into a strategic cooperation agreement with the People's Government of Jilin City. This agreement aims to promote the development and sales of new energy vehicles (NEVs) and intelligent connected vehicles (ICVs) in the Jilin City region.

Why It Matters

This partnership could accelerate Chijet's expansion in the new energy vehicle market by leveraging local government support and resources for sales and development.

Risk Assessment

Risk Level: medium — The filing indicates a strategic partnership, but the specific financial commitments or tangible outcomes are not detailed, leaving the immediate impact uncertain.

Key Players & Entities

• Chijet Motor Company, Inc. (company) — Registrant
• FAW Jilin Auto (company) — Primary operating subsidiary in China
• People's Government of Jilin City (company) — Strategic partner
• December 2, 2024 (date) — Date of announcement

FAQ

Filing Documents

• form6-k.htm (6-K) — 16KB
• 0001493152-24-048883.txt ( ) — 17KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-41712 Chijet Motor Company, Inc. (Registrant’s Name) No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CN-37 264006 People’s Republic of China (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Explanatory Note On December 2, 2024, Chijet Motor Company, Inc.’s primary operating subsidiary in China FAW Jilin Automobile Co., Ltd. (“FAW Jilin”) received a remediation notification (the “Notice”) from the Ministry of Industry and Information Technology of China (the “Ministry”), the government authority supervising the automobile industry in China. The Notice indicates that inspections showed FAW Jilin failed to maintain certain automobile manufacturing market entry requirements and therefore must take necessary remedial actions to become compliant. During the period when remedial actions are taken, FAW Jilin’s new product applications will not be accepted and the certificates which are required for new automobile products to be sold domestically, will not be issued. The foregoing suspension will be lifted upon FAW Jilin’s taking the required remedial actions and regaining compliance with the requirements of the Ministry. While FAW Jilin’s domestic manufacturing and sales in China will be impacted by the Notice, FAW Jilin may continue to manufacture and sell automobiles for export out of China, if any. FAW Jilin plans to actively take all necessary remedial actions pursuant to the Notice and regain compliance with all applicable requirements for domestic manufacturing and sales. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Chijet Motor Company, Inc. Date: December 5, 2024 By: /s/ Mu Hongwei Name: Mu Hongwei Title: President and Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR