Chijet Motor Subsidiary, FAW Jilin Automobile Co, Entered Into Framework Cooperation Agreement With Uzbekistan Customer
Portfolio Pulse from Benzinga Newsdesk
Chijet Motor Company, Inc. (NASDAQ:CJET) announced that its subsidiary, FAW Jilin Automobile Co., has entered into a framework cooperation agreement with TANK AUTO, a local auto distributor in Uzbekistan. This agreement will see TANK AUTO handle automotive sales and after-sales services for FAW in Uzbekistan over the next three years.
June 14, 2024 | 12:39 pm
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Chijet Motor's subsidiary FAW Jilin has entered into a 3-year cooperation agreement with TANK AUTO in Uzbekistan for automotive sales and services.
The agreement with TANK AUTO is likely to expand Chijet Motor's market presence in Uzbekistan, potentially boosting sales and revenue. This positive development is expected to have a favorable short-term impact on CJET's stock price.
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