- Cango facilitates transactions through a technology-enabled service platform in China's automotive industry.
- The country's auto market is reviving and is set to be in a growth trajectory for quite some time.
- The company has expanded its upstream business, entering the flourishing NEV market.
- Though the local NEV leaders are prone to sell cars directly, dealers will keep playing an important role in the Chinese market, especially in the lower-tier cities.
- Cango's stock looks cheap now.
For further details see:
Cango's Recent Moves Show Its Business Resilience