Chijet Motor Company received delisting notice from Nasdaq due to market value requirements

From GlobeNewswire: 2025-02-26 20:25:36

Chijet Motor Company received a delisting notice from Nasdaq due to failure to meet market value requirements. Trading will be suspended on February 25, 2025, unless an appeal is requested. The company plans to appeal to a Hearings Panel to present a compliance plan and request additional time. Chijet’s primary business is the development, manufacture, sales, and service of traditional fuel vehicles and NEVs. The company has a modern production base in China and plans to open a factory dedicated to NEV production. Forward-looking statements caution investors about potential risks and uncertainties.



Read more at GlobeNewswire: Chijet Motor Company Inc. Announces Receipt of Staff