Tuanche joined the car-making army and plans to launch two electric vehicles within three years

On January 25, Capital State learned that Tuanche Network (TC. US) announced preliminary plans for the new electric vehicle (EV) business. The company plans to launch two electric vehicles within three years, and the expected price of its first electric vehicle will be between 100,000 yuan and 200,000 yuan, and the first milestone of the new business is the sale of 100,000 vehicles.

According to the announcement, the biggest driving force for tuanche to decide to build a car came from an external core team of more than 100 experts. This team allows them to quickly build on the core competencies necessary to succeed in the EV industry, including design, manufacturing, sales, and marketing.

The electric vehicle business of the group car will be divided into three parts, the first part (core team) will be responsible for the business from electric vehicle design to manufacturing; The second part will be responsible for branding, marketing and sales; The third part will be responsible for customer community operations.

Tuanche Co., Ltd. was established in 2010 and successfully landed on the NASDAQ in 2018. By combining its online platform with offline sales activities, Tuanche provides car marketing and transaction-related services.

According to the financial report, Tuanche's third-quarter net income fell by 38.9% from RMB100 million in the same period in 2020 to RMB61.1 million, and gross profit decreased by 35.1% to RMB46.8 million from RMB72.1 million in the same period of 2020; GMV fell 68.6% to RMB2.2 billion from RMB7 billion in the same period in 2020.