# Chijet Motor Company to go public via merger with Jupiter Wellness Acquisition Corp.

Chijet Motor Company entered into a business combination agreement with Jupiter Wellness Acquisition Corp., valuing Chijet's operating companies at $1.6 billion. Expected proceeds of approximately $140.2 million will fund EV development and expansion in China and Southeast Asia.

- Type: Acquisition
- Announced: 2022-10-25
- Where: Jilin City, China, China
- Value: $1.60B
- Status: announced
- Capacity: 240,000 vehicles per year
- Products: electric vehicles, gasoline vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Chijet Motor Company](https://endata.com/companies/64122.md) (target)
- [Jupiter Wellness Acquisition Corp.](https://endata.com/companies/66115.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/10/26/2541824/0/en/chijet-motor-company-inc-entered-into-a-business-combination-agreement-with-jupiter-wellness-acquisition-corp-to-become-a-public-company-to-advance-its-electric-vehicle-business-an.html), 2022-10-26: "Achieving the public listing milestone would enable Chijet to accelerate its electric vehicle development, manufacturing and sales"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.