Tan Chong bets on innovative EVs to navigate shifting market

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The Star 14h ago

Tan Chong bets on innovative EVs to navigate shifting market - The Star

Quick Summary:

Tan Chong Motor Holdings Bhd (TCMH) is poised to navigate the evolving global market with a forward-looking strategy rooted in innovation, sustainability, and regional expansion.

In the more immediate term, TCMH plans to strengthen its sales and distribution networks in these markets, focusing on both completely built-up (CBU) and locally assembled vehicles.

TCMH’s robust strategies could prove valuable going forward, as the group experienced a challenging 2024 – reporting a 17.8% decline in revenue to RM2.08bil and a net loss after tax of RM214.2mil.