Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.
Trans-China Automotive Holdings Ltd. reports a significant 26.2% drop in total revenue for the first nine months of 2024, attributed to declining automobile sales. Despite a decrease in premium car sales by 5.9%, the company managed to improve its new car gross margin in the third quarter. The automotive market remains highly competitive, contrasting with a slight growth in the overall market during the same period.
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