Beijing (Gasgoo)- NavInfo, a leading provider of automotive intelligent solutions, recently announced its financial results for the first half of 2024 (H1 2024), showcasing robust growth across all business divisions. The company reported a total revenue of 1.667 billion yuan for the period, representing an 11.08% year-on-year increase.
Photo credit: NavInfo
One of NavInfo’s standout performers was its intelligent driving business segment, which generated 124 million yuan in revenue for the first half of the year, with a gross profit margin increasing by 20.77% compared to the previous year. The intelligent cockpit segment also showed strong growth, earning 265 million yuan in revenue, a 9.37% year-on-year increase, and improving its gross profit margin by 6.43%. Notably, NavInfo supplied smart cockpit products to renowned automakers such as Toyota, SAIC-GM-Wuling, and KG Mobility from South Korea.
Furthermore, NavInfo’s smart semiconductor business witnessed a significant revenue surge of 13.55% year-on-year, reaching 253 million yuan in H1. The company’s cloud-based services segment also experienced growth, with revenue totaling 1.017 billion yuan, marking a 15.82% increase compared to the same period last year.
