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An update from Digital Currency X Technology ( (DCX) ) is now available.
On March 18, 2026, Digital Currency X Technology Inc. agreed to sell its wholly owned Nevada-based subsidiary Chijet Inc. to Cayman Islands–incorporated Drivepoint Holdings Ltd. for US$1 in cash, after an independent valuation placed Chijet’s equity value at US$1 as of December 31, 2025. The deal, approved by Digital Currency X’s board and set to close subject to conditions, will remove a heavily loss-making electric vehicle business with significant negative net worth and liabilities from the group’s consolidated accounts.
The disposal is framed as a key step in Digital Currency X’s broader strategic shift away from electric vehicle manufacturing, where it has faced intense competition, supply chain problems, and cumulative losses exceeding US$100 million. By divesting Chijet, the company expects to streamline operations, focus capital and management attention on its digital asset and technology activities, and bolster its ability to meet ongoing Nasdaq compliance requirements, with implications for improved profitability and reduced balance-sheet risk for shareholders once the transaction closes.
Spark’s Take on DCX Stock
According to Spark, TipRanks’ AI Analyst, DCX is a Underperform.
Chijet Motor Company is facing severe financial and operational challenges, with negative profitability, high leverage, and liquidity issues. The bearish technical indicators and negative market reaction to earnings results further exacerbate the risks. The company’s low valuation metrics reflect its unprofitability and lack of dividend appeal, contributing to an overall weak stock score.
To see Spark’s full report on DCX stock, click here.
More about Digital Currency X Technology
Digital Currency X Technology Inc., listed on the Nasdaq Capital Market, is transitioning from its legacy electric vehicle manufacturing business toward technology-focused operations and digital asset management. The company has raised roughly US$300 million in cryptocurrency assets, which are managed by third parties and are intended to generate stable returns to support its new business model and strengthen its financial profile.
Average Trading Volume: 543,199
Technical Sentiment Signal: Sell
Current Market Cap: $747.4K
For an in-depth examination of DCX stock, go to TipRanks’ Overview page.