Chijet Motor Reports Revenue Drop to $6.9M in 2024; Vehicle Sales Decline Significantly

Reuters

05-16

<a href="https://laohu8.com/S/CJET">Chijet Motor</a> Reports Revenue Drop to $6.9M in 2024; Vehicle Sales Decline Significantly

Chijet Motor Company Inc. released its annual report for the fiscal year ending December 31, 2024. The company reported a decline in total revenues, which amounted to $6.915 million in 2024, down from $9.483 million in 2023 and $14.961 million in 2022. Vehicle sales contributed $6.396 million to the total revenues in 2024, decreasing from $7.680 million in 2023 and $11.630 million in 2022. Sales of vehicle parts, accessories, and others also saw a decline, totaling $519,000 in 2024, compared to $1.803 million in 2023 and $3.331 million in 2022. The company outlined plans to reduce single-vehicle costs by 7% to 10% over the next three years through cooperation with core parts suppliers, bulk purchasing, and bidding negotiations for non-core components. It also intends to enhance production efficiency and product quality by implementing lean production management and strengthening 6S management of production bases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chijet Motor Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010954), on May 15, 2025, and is solely responsible for the information contained therein.

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The company reported a decline in total revenues, which amounted to $6.915 million in 2024, down from $9.483 million in 2023 and $14.961 million in 2022. Vehicle sales contributed $6.396 million to the total revenues in 2024, decreasing from $7.680 million in 2023 and $11.630 million in 2022. Sales of vehicle parts, accessories, and others also saw a decline, totaling $519,000 in 2024, compared to $1.803 million in 2023 and $3.331 million in 2022. The company outlined plans to reduce single-vehicle costs by 7% to 10% over the next three years through cooperation with core parts suppliers, bulk purchasing, and bidding negotiations for non-core components. 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The company reported a decline in total revenues, which amounted to $6.915 million in 2024, down from $9.483 million in 2023 and $14.961 million in 2022. Vehicle sales contributed $6.396 million to the total revenues in 2024, decreasing from $7.680 million in 2023 and $11.630 million in 2022. Sales of vehicle parts, accessories, and others also saw a decline, totaling $519,000 in 2024, compared to $1.803 million in 2023 and $3.331 million in 2022. The company outlined plans to reduce single-vehicle costs by 7% to 10% over the next three years through cooperation with core parts suppliers, bulk purchasing, and bidding negotiations for non-core components. It also intends to enhance production efficiency and product quality by implementing lean production management and strengthening 6S management of production bases.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chijet Motor Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010954), on May 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CJET","symbol_name":"Chijet Motor","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250515:nNDL1N35hd:1","article_id":"2535554808","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535554808","pubTimestamp":1747340881,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Chijet Motor Company Inc. released its annual report for the fiscal year ending December 31, 2024. The company reported a decline in total revenues, which amounted to $6.915 million in 2024, down from $9.483 million in 2023 and $14.961 million in 2022. Vehicle sales contributed $6.396 million to the total revenues in 2024, decreasing from $7.680 million in 2023 and $11.630 million in 2022. Sales of vehicle parts, accessories, and others also saw a decline, totaling $519,000 in 2024, compared to $1.803 million in 2023 and $3.331 million in 2022. The company outlined plans to reduce single-vehicle costs by 7% to 10% over the next three years through cooperation with core parts suppliers, bulk purchasing, and bidding negotiations for non-core components. 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Sales of vehicle parts, accessories, and others also saw a decline, totaling $519,000 in 2024, compared to $1.803 million in 2023 and $3.331 million in 2022. The company outlined plans to reduce single-vehicle costs by 7% to 10% over the next three years through cooperation with core parts suppliers, bulk purchasing, and bidding negotiations for non-core components. It also intends to enhance production efficiency and product quality by implementing lean production management and strengthening 6S management of production bases.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chijet Motor Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-010954), on May 15, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}