Top Group's third quarter financial report for 2024: New energy vehicle industry drives revenue growth

In the third quarter of 2024, Top Group achieved rapid growth in operating income and profits thanks to its extensive product lines and system R&D capabilities in the field of new energy vehicles, as well as its innovative business model. The production capacity of the company's nine major product lines is advancing in an orderly manner in domestic factories, including the completion of the construction of Phase VIII of the Hangzhou Bay Industrial Park and the entry into the equipment commissioning stage, as well as the commissioning of factories in Huainan, Anhui and Huzhou, Zhejiang. At the same time, the Phase I and Phase II projects of the North American Mexico Industrial Park have been put into production, the Austin and Oakland factories in the United States are also progressing steadily, and the Phase II of the Polish factory is under preparation, aiming to take on more local European orders.