Broad-Ocean Electric's performance hit a new high in 2023, with revenue reaching 11.2 billion yuan

Broad-Ocean Motor's 2023 performance report shows that the company achieved operating income of 11.288 billion yuan, a record high. Operating profit was 78,500 yuan, an increase of 32.82% over the previous year. The new energy vehicle powertrain system business of its subsidiary Shanghai Electric Drive achieved operating income of 1.933 billion yuan for the whole year, a year-on-year increase of 0.36%. Significant progress has been made in technology research and development and product development, such as providing new energy vehicle mass production product designation and sales for many domestic and foreign vehicle customers such as Geely, Chery, and Dongfeng.