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      Chijet Motor (CJET) Is On The Rise Right Now

      By Fahim Awan

      Published on

      October 19, 2023

      3:54 PM UTC

      Chijet Motor (CJET) Is On The Rise Right Now

      Chijet Motor Company, Inc. (NASDAQ: CJET) is currently experiencing a notable upswing in market performance, registering a substantial 14.04% surge to reach $2.60 at last check. The trading activity in Chijet Motor stock has been noteworthy, with a trading volume surpassing 0.55 million shares during the initial hours of the trading session, significantly eclipsing its typical daily average of 0.11 million shares.

      Chijet Motor (CJET) recently celebrated the successful culmination of its rural marketing campaigns for New Energy Vehicles (NEVs). This achievement reflects Chijet Motor’s strategic commitment to expanding its presence in the market.

      The success underscores CJET’s ability to penetrate rural areas with high-quality NEV offerings, leveraging the Chinese government’s support for NEV adoption in these regions. Chijet Motor’s NEV products are known for their exceptional quality, affordability, and versatility, resonating with consumers in suburban and rural markets across China.

      The company’s marketing team has capitalized on opportunities provided by government policies, such as the ‘NEV Going Rural’ campaign. They have executed various business-to-consumer marketing initiatives, including group car viewings, live vehicle displays, product promotions, feature explanations, and test drives for the R7 and R9 PHEV passenger cars, as well as the V80EV commercial vehicle.

      The R7 series, offering both conventional fuel and battery electric power modes, has received positive feedback, while the R9 PHEV and V80EV serve diverse transportation needs. Chijet Motor regards this NEV sales strategy in rural areas as essential for expanding its sales channels.

      With the government’s commitment to rural vehicle accessibility and its focus on green and low-carbon transformation, NEVs are expected to become common in suburban and rural markets. This strategic move into rural markets is set to drive Chijet Motor’s growth and development further.

      Chijet Motor’s recent success in rural NEV marketing underscores its ability to strategically tap into the burgeoning demand for electric vehicles in previously underserved areas. By aligning with government initiatives and showcasing quality products, the company is poised for continued growth and market expansion in a rapidly evolving automotive landscape.

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