Due to significant investor interest, investors are using their option to increase their investment 50 times from the original $20 million offering.
New York, Oct. 01, 2025 — Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with certain institutional investors for an expanded private placement offering of up to $1 billion. This substantial increase from the Company’s previous offering demonstrates strong institutional confidence in Chijet’s strategic shift into the high-growth digital asset custody and storage sector.
The larger private placement signifies a 50x increase in committed capital. These funds will support the Company’s digital currency business initiatives, including building advanced infrastructure for secure digital asset custody and innovative storage solutions. This significant change allows Chijet to take advantage of the rapidly increasing demand for digital asset services.
“This incredible show of support from our investors confirms our strategic vision and ability to execute,” stated Ms. Melissa Chen, CEO of Chijet. “The 50-fold increase in committed capital gives us considerable financial resources to develop secure crypto custody infrastructure and pursue strategic acquisitions within the fast-growing digital asset storage industry.”
About Chijet Motor Company, Inc.
Chijet’s core business involves the development, manufacturing, sales, and service of both traditional fuel vehicles and NEVs. Advanced manufacturing systems and a reliable supply chain enable the Company to offer consumers high-performance products at reasonable prices. In addition to its large, modern vehicle production facility in Jilin, China, a factory in Yantai, China will be dedicated to NEV production once construction is complete. Chijet’s management team comprises industry veterans with decades of experience in engineering and design, management, finance, industrial production, and financial management. For more information about Chijet, please visit .
Forward-Looking Statements
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is protected by the ‘safe harbor’ provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s predictions about its future financial and operational performance and use terms like ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘target,’ ‘aim,’ ‘predict,’ ‘outlook,’ ‘seek,’ ‘goal,’ ‘objective,’ ‘assume,’ ‘contemplate,’ ‘continue,’ ‘positioned,’ ‘forecast,’ ‘likely,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately,’ and similar expressions to indicate the uncertainty of future events or outcomes. These forward-looking statements are based on the Company’s current expectations, assumptions, and projections, which involve judgments about future economic conditions, competitive environments, market dynamics, and business decisions. Many of these factors are inherently difficult to predict accurately and are largely outside the Company’s control. Furthermore, these statements are subject to numerous known and unknown risks, uncertainties, and other variables that could cause the Company’s actual results to differ significantly from those expressed in any forward-looking statement. These factors include, but are not limited to, changing economic conditions, competitive pressures, and regulatory changes. Due to these and other risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. These statements are valid only as of the date of this press release, and the Company disclaims any obligation to publicly revise or update any forward-looking statements for any reason, except as required by law.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:
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