Chijet Motor Company (NASDAQ:CJET) provided additional commentary on its H1 2023 financial results, reiterating its outlook and guidance. Despite a 73.2% decrease in sales revenue and a 71.8% decrease in sales volume due to a strategic shift from fuel vehicles to new energy vehicles (NEVs), management remains optimistic. The company is undergoing a transition, integrating state-owned and private enterprise structures, and focusing on NEVs in response to stricter emission standards. The Yantai factory construction is on track, with some delays. Chijet maintains a high automation rate in production and is recovering from pandemic impacts. R&D continues with solid-state battery technology and hydrogen fuel cell development. For 2024, Chijet forecasts sales revenue between $362 million and $434 million, with vehicle deliveries between 30,000 to 36,000 units, including five new models.