Inovance Technology 2024 Semi-annual Report Released: Automotive Business Increased by 100%

In the first half of 2024, Huichuan Technology achieved a total operating income of 16.183 billion yuan, a year-on-year increase of 29.98%. Its new energy vehicle business achieved sales revenue of approximately 6 billion yuan, a year-on-year increase of more than 100%. Huichuan Technology said that this was mainly due to the rapid increase in the volume of customers' designated plug-in/extended-range hybrid models and the company's delivery guarantee. In addition, the continued development of the new energy commercial vehicle business has also brought about rapid growth in revenue.