China’s automotive intelligence developer NavInfo saw its semiannual revenue climbing by 14.22% year over year in the first half of 2022, according to the company’s financial report.
Main productsIntelligent Driving Intelligent Driving L2 Product: L2 Box L2+ Intelligent Driving Products: Low-computing-power domain controllers for integrated driving and parking; high-computing-power domain controllers for integrated driving and parking Integrated dual-domain products: cockpit-parking integration products and cockpit-driving-parking integration products. Intelligent Cockpit Dash Cam: 2G Travel Recorder, 4G Travel Recorder, 4G Video Terminal ADAS Series: ADAS+DMS Smart Vehicle Terminal: Truck Navigation, Segmented Speed Limit Function, Surveillance Camera T-BOX Series: 4G T-BOX, China VI T-BOX Compliant with Fuel/New Energy Vehicle Requirements PCC Predictive Cruise Intelligent Terminal: ADASIS Map, Intelligent Load Algorithm, Dynamic Planning Algorithm Load Sensor: Load Algorithm Vehicle Networking and Big Data Platform Commercial Vehicle Map Service: Intelligent Horizon, Geofencing, Segmented Speed Limit Road Network Map APP Operation Service Intelligent Cloud Map Products, Human-Machine Co-Driving Navigation Products, Data Compliance Closed-Loop Service, Dynamic Traffic Service, High-Precision Positioning Intelligent Chips Automotive AP：E-cockpit SoC, IVI SoC, SoC for DA and High-end LCD Instrument, Telematics SoC MCU
Beijing (Gasgoo)- China’s automotive intelligence tech developer NavInfo saw its semi-annual revenue grow by 14.22% year over year in the first half of 2022, according to the company’s financial report.
Photo credit: NavInfo
In the first six months of the year, NavInfo realized a revenue of 1.368 billion yuan ($201.6 million), resulting in a net loss of 35.17 million yuan ($5.18 million) attributable to shareholders, which was 36.79% narrower than a year ago.
The company attributed the growth in revenue to its expanding business operation in the intelligent cloud and intelligent chip business segments.
Specifically, NavInfo’s intelligent cloud sector brought in a revenue of 847 million yuan ($1.25 million) in the first half of 2022, representing an 18.6% growth from a year ago, accounting for 61.92% of the company’s total revenue.
Meanwhile, holding a 15.53% share of NavInfo’s total revenue in the Jan.-Jun. period, the company’s intelligent chip sector realized a semi-annual revenue of 212 million yuan ($31.2 million), surging nearly 40% over the previous year. The company credited the growth to the successful localization and mass production development of its automotive-grade MCUs.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
