HomeMarket NewsMicro Cap StocksWhat In The World Is Going On With Chijet Motor (CJET) Stock?

What In The World Is Going On With Chijet Motor (CJET) Stock?

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Chijet Motor Co Inc CJET shares are trading higher by 22.8% to $2.80 Thursday afternoon, despite a lack of company-specific news for the session. Chijet Motor earlier this week announced it hadย successfully completed a rural marketing campaign, aligning with the Chinese governmentโ€™s push for NEV adoption in rural areas.

The company says itsย NEV products have gained popularity among rural consumers, and the marketing team has employed various strategies, including group car viewings, live displaysย and test drives.

Chijet Motor also says the R7 series and R9 PHEV have received positive feedback for their range and versatility.

Chijet Motor sees this initiative as a vital step to expand its sales channels and expects NEVs to become common in suburban and rural markets, driving the companyโ€™s growth.

See Also:ย Grayscale Submits Filing For Bitcoin Trust Transformation

According to data fromย Benzinga Pro, Chijet Motor has a 52-week high of $13.02 and a 52-week low of $1.25.

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