Chervon Automotive released its third quarter financial report for 2024, with outstanding performance in new energy vehicle business

Nanjing Chervon Automotive Precision Technology Co., Ltd. (Chervon Automotive) released its third quarter financial report for 2024 on October 29. The report shows that the company achieved operating income of 1.569 billion yuan in the first three quarters, a year-on-year increase of 4.08%. The new energy vehicle parts business performed outstandingly, achieving revenue of 898 million yuan, a year-on-year increase of 11%, accounting for 57% of the company's revenue, showing the company's strong growth momentum in the new energy vehicle market.