Chijet Motor Company Partners with EdgeAI

Chijet Motor Company has signed a significant agreement with EdgeAI Frontier Technology Ltd. to acquire up to $1 billion in EdgeAI tokens at a 20% discount. This partnership is expected to generate approximately $200 million in immediate economic benefits for Chijet, enhancing its liquidity and strategic positioning in the digital asset space.

As part of the agreement, Chijet will act as a validator node on the EdgeAI blockchain network, allowing the company to earn staking rewards and explore further investment opportunities. This collaboration not only strengthens Chijet's digital asset strategy but also positions the company to capitalize on the growing blockchain technology market.

The announcement has positively impacted Chijet's stock, which surged by 38.95% in pre-market trading, reflecting strong investor confidence in the company's future growth prospects and its commitment to expanding its digital asset holdings.