Magnesium Technology's revenue increased by 300%

Magnesium Technology provides intelligent driving solutions for Dongfeng Yipai large SUV, promoting consumers to enjoy the happiness brought by the economic recovery. Driven by the new policy, Magnesium Technology cooperates with central enterprises to jointly explore the new energy vehicle market. From 2022 to 2024, it will be three years of rapid development for Magnesium Technology. In three years, the company's revenue has increased by more than 300%, becoming the core intelligent supplier of popular models of central enterprises and state-owned enterprises such as Changan Deep Blue, Lantu, Dongfeng Passenger Vehicle, and Chery. It has independently developed and launched a vehicle-level distributed intelligent operating system, and practiced the development method of software-defined vehicles. In the first quarter of 2024, operating income increased by more than 50% year-on-year.