Chijet Motor Company Inc. (NASDAQ: CJET) is back on traders’ radar today after announcing a headline-grabbing digital‑asset deal worth up to $1 billion. On Monday, November 24, 2025, the tiny Chinese automaker–turned–crypto-adjacent microcap is seeing another burst of extreme volatility as investors react to its latest partnership with EdgeAI Frontier Technology Ltd.
Around late morning U.S. Eastern time, CJET was trading near $2.50 per share, up roughly 30–35% on the session, after touching intraday highs above $3.00. That move comes on the heels of a prior close around $1.90, a day range roughly between $2.16 and $3.24, and a 52‑week range that stretches from about $1.57 to nearly $299 on a split‑adjusted basis. [1]
For context, CJET is still a microcap stock with a market value around $1–2 million, and volume today has exploded into the tens of millions of shares, vastly above its recent average below 1 million. [2] Despite today’s surge, the stock has lost over 99% of its value year to date, according to data cited in recent coverage. [3]
Below is a breakdown of why CJET is moving, what the new EdgeAI deal actually means, and the key risks investors should keep in mind.
Key Takeaways for CJET Stock on November 24, 2025
- CJET is up ~30–35% today, trading around the mid‑$2 range after an intraday spike above $3. [4]
- The move follows a new agreement with EdgeAI to acquire up to $1 billion in EdgeAI tokens at a 20% discount, potentially creating about $200 million in “upfront” paper value. [5]
- The company recently regained compliance with Nasdaq’s $1 minimum bid requirement after a 100‑for‑1 share consolidation and a sharp rally in its stock price. [6]
- A planned name and ticker change to Digital Currency X Technology Inc. (DCX) has been delayed due to regulatory procedures, so the stock continues to trade as CJET for now. [7]
- CJET remains highly speculative, with modest revenue, heavy losses, repeated financings, and extreme volatility that can cut both ways. [8]
CJET Stock Price Today: A Violent Bounce in a Beaten‑Down Name
Real‑time quote data from major financial platforms show CJET trading around $2.50 late Monday morning, up roughly a third on the day, with some feeds recording the price at $2.53 (+$0.63, about +30%) as of 11:10 a.m. EST. [9] Other data place the session range between about $2.16 and $3.24, versus a prior close of $1.90. [10]
A few context points:
- 52‑week range: approximately $1.57 – $299 (split‑adjusted), highlighting how extreme past volatility has been. [11]
- Volume: intraday trading has topped 40 million shares, compared with an average daily volume under 1 million. [12]
- Market cap: depending on the intraday price feed, the company’s equity value is still only around $1–2 million despite today’s rally. [13]
In pre‑market trading, CJET had already surged more than 30% after the EdgeAI news hit the tape, according to multiple newswires, and some outlets continue to flag it as one of the day’s most active and volatile names. [14]
The Catalyst: Up to $1 Billion in EdgeAI Tokens at a 20% Discount
The core driver of today’s move is a new strategic partnership announcement with EdgeAI Frontier Technology Ltd.
According to Chijet’s official press release, the company has signed a definitive agreement with EdgeAI to acquire up to $1 billion worth of EdgeAI tokens at a 20% discount to prevailing market prices. [15]
Key details from the company and secondary coverage:
- The structure is expected to create approximately $200 million of “upfront value” relative to current token market prices, effectively by locking in the 20% discount on up to $1 billion in tokens. [16]
- The deal is framed as building on a previously announced strategic alignment with EdgeAI and is described as a move to establish a “robust cryptocurrency treasury.” [17]
- EdgeAI will act as Chijet’s primary advisor on digital assets, including token acquisition, treasury management, and risk mitigation. [18]
- Chijet will operate as a validator node on the EdgeAI blockchain network, with the aim of earning staking rewards and recurring revenue over time. [19]
- The partnership has an initial term of five years, with plans to explore the joint development of a multi‑strategy digital‑asset investment vehicle. [20]
From a market perspective, the headline numbers are startling: a company worth roughly low seven figures in equity value announcing access to up to $1 billion in tokens and “upfront value” in the hundreds of millions—on paper. That mismatch is exactly what’s fueling speculative interest today.
But it’s critical to understand that:
- The $1 billion figure is an upper limit, not a guarantee that the full amount will be deployed.
- The “$200 million in value” is theoretical, based on current token prices and the agreed discount. If token prices fall—or if liquidity is limited—the economic benefit could shrink quickly.
- The actual cash flow impact depends on execution, token market conditions, and how quickly (if at all) those digital assets can be monetized.
For now, traders are responding more to the story than to any immediate change in the company’s balance sheet.
From Automaker to “Digital Currency X”: Strategy Pivot in Motion
Chijet’s core business is still described as the development, manufacture, sale, and service of traditional and new‑energy vehicles, with a major production base in Jilin and an additional factory in Yantai dedicated to new energy vehicles. [21]
But over the past year, the company has aggressively layered on crypto, blockchain, and digital‑asset initiatives, including:
- Multiple private placements and offerings tied to digital assets and token strategies, including transactions described in recent GlobeNewswire releases as a $300 million private placement in cryptocurrency and additional capital raises. [22]
- The appointment of executives with digital‑asset and blockchain backgrounds to senior roles as part of an effort to build a crypto treasury and edge‑intelligence platform. [23]
On top of that, the company has pursued a rebrand:
- On November 13, 2025, Chijet announced its intention to change its name to Digital Currency X Technology Inc. and switch its Nasdaq ticker to DCX, effective November 14, 2025, following shareholder approval at the September annual meeting. [24]
- However, a follow‑up release on November 14 clarified that regulatory procedures delayed the effective date, and that the stock would continue trading as CHIJET MOTOR COMPANY, INC. under ticker CJET until those processes are complete. [25]
In other words, CJET is mid‑pivot—branding itself toward digital currency and edge intelligence while still owning traditional auto manufacturing assets in China.
Nasdaq Compliance, Reverse Splits, and the New Share Structure
CJET has also been working hard just to stay listed on Nasdaq.
Earlier this year, the company received a deficiency notice for failing to maintain the $1 minimum bid price for its ordinary shares over 30 consecutive business days. [26]
To address this, Chijet:
- Implemented a 100‑for‑1 share consolidation (reverse split), effective November 3, 2025, with trading beginning on a consolidation‑adjusted basis that day, according to company and newswire releases. [27]
- Later announced that Nasdaq had formally confirmed the company regained compliance with the minimum bid rule after CJET closed at or above $1.00 for 10 consecutive trading days from November 3 to November 14. [28]
This was not Chijet’s first such maneuver. In July 2024, the company also carried out a 1‑for‑30 reverse stock split, highlighting a pattern of using reverse splits to maintain listing status as the share price slid. [29]
For current and prospective shareholders, that history matters:
- Reverse splits don’t create value; they simply boost the share price by reducing the number of shares outstanding.
- Combined with frequent capital raises, they can be a sign of chronic dilution and financial stress even when the headline price per share looks higher.
Capital Raises and Financial Position
Beyond the new EdgeAI token deal, Chijet has relied heavily on equity and related financing.
One notable example:
- A Form 6‑K filed with the SEC details that in September 2025, Chijet closed an $8 million public offering, selling 13.56 million Class A ordinary shares with attached warrants at $0.59 per unit (pre‑consolidation), with additional placement agent warrants and customary fees. [30]
Recent filings and news roundups also highlight:
- Multiple registered direct offerings and private placements in late 2025, including $15 million and $20 million transactions, plus a much larger $300 million crypto‑denominated private placement tied to its digital‑asset strategy. [31]
On the fundamental side, data from equity research aggregators show that, on a trailing twelve‑month basis, Chijet generated:
- Revenue of just over $4 million.
- A net loss of roughly $65 million, implying extremely negative earnings per share and no meaningful P/E ratio. [32]
Put simply: CJET is not currently a profitable business, and its digital‑asset pivot is happening against a backdrop of heavy losses, repeated capital raises, and a very small equity base.
Why CJET Is So Risky — Even on Green Days
The combination of today’s rally, the EdgeAI token deal, and the company’s broader strategy shift will naturally attract momentum traders and speculative investors. But there are several major risks to keep front‑of‑mind:
- Extreme volatility & microcap risk
- With a market cap around $1–2 million, small order flows can move the stock dramatically. Intraday price swings of 30–50% or more are entirely possible in both directions, as today’s action shows. [33]
- Token deal is not the same as cash in the bank
- The $1 billion token headline and $200 million “upfront value” are highly sensitive to cryptocurrency pricing, liquidity, and the pace at which Chijet can actually acquire and potentially monetize those tokens. [34]
- Regulatory and governance uncertainty
- Operating a crypto treasury, acting as a validator node, and running digital‑asset investment vehicles all invite regulatory, operational, and cybersecurity risks that traditional auto investors may not be used to evaluating. [35]
- History of dilution and reverse splits
- Multiple reverse splits (1‑for‑30 and 100‑for‑1) and serial equity offerings indicate that existing shareholders have already absorbed substantial dilution—and may face more if the company continues raising capital. [36]
- Unproven pivot from autos to digital assets
- Chijet is trying to bridge traditional manufacturing in China with cutting‑edge crypto and edge‑AI infrastructure—a bold strategy, but one that remains largely untested at scale. Execution risk is high, and failure in either domain could weigh on the stock. [37]
What to Watch Next for CJET Stock
If you’re tracking CJET (or considering trading it), here are the big catalysts to watch in the near term:
- Further details and updates on the EdgeAI token acquisition, including timing, funding mechanisms, and how much of the $1 billion capacity the company actually uses. [38]
- Any regulatory commentary around the token deal, staking activities, and the company’s digital‑asset treasury strategy.
- An eventual effective date for the name/ticker change to Digital Currency X Technology Inc. (DCX), once regulatory steps in the Cayman Islands and Nasdaq processes are complete. [39]
- New SEC filings or earnings updates that clarify cash balances, token holdings (if any), and the impact of recent financings on the balance sheet. [40]
- Whether CJET can maintain Nasdaq bid‑price compliance without yet another reverse split in the coming months.
Bottom Line: Speculative Momentum, Not a Settled Investment Case
CJET’s surge today is a classic microcap story: tiny company, massive headline, outsized move. The new EdgeAI partnership and token deal unquestionably change the narrative around the stock in the short term, and they may open up interesting possibilities if executed well.
But the fundamentals—small revenue, large losses, heavy dilution, and a highly complex digital‑asset pivot—mean this is still a high‑risk, speculative trade rather than a clearly de‑risked long‑term investment.
Anyone considering CJET should:
- Assume significant price volatility (both up and down).
- Read the company’s press releases and SEC filings in full. [41]
- Align any position size with a high tolerance for risk and potential total loss of capital.
This article is for information and news purposes only and does not constitute financial, investment, or trading advice.
References
1. www.marketwatch.com, 2. stockanalysis.com, 3. in.investing.com, 4. www.marketwatch.com, 5. chijetmotors.com, 6. chijetmotors.com, 7. www.sec.gov, 8. stockanalysis.com, 9. www.marketwatch.com, 10. www.investing.com, 11. www.investing.com, 12. stockanalysis.com, 13. stockanalysis.com, 14. www.investing.com, 15. chijetmotors.com, 16. chijetmotors.com, 17. chijetmotors.com, 18. chijetmotors.com, 19. chijetmotors.com, 20. chijetmotors.com, 21. chijetmotors.com, 22. stockanalysis.com, 23. stockanalysis.com, 24. www.sec.gov, 25. www.stocktitan.net, 26. stockanalysis.com, 27. www.globenewswire.com, 28. chijetmotors.com, 29. stockanalysis.com, 30. www.sec.gov, 31. stockanalysis.com, 32. stockanalysis.com, 33. www.marketwatch.com, 34. chijetmotors.com, 35. chijetmotors.com, 36. www.stocktitan.net, 37. chijetmotors.com, 38. chijetmotors.com, 39. www.sec.gov, 40. finance.yahoo.com, 41. chijetmotors.com
