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TuanChe Limited (NASDAQ: TC) reported a significant decline in its financial performance for the first half of 2022, with net revenues decreasing by 58.2% to RMB89.2 million (US$13.3 million) compared to RMB213.3 million in the same period last year. Gross profit also fell by 55.4% to RMB72.3 million (US$10.8 million). The number of auto shows organized decreased by 78.1% to 61, and facilitated automobile transactions dropped by 74.2% to 16,591. Despite challenges, online marketing services saw revenue growth of 87.4%. The company expects revenues for the second half of 2022 to remain lower than the previous year, with estimates between RMB100 million and RMB120 million.

TuanChe Limited (NASDAQ: TC), a leading automotive marketplace in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021. The report includes audited consolidated financial statements and is accessible via the Company's investor relations and SEC websites. TuanChe, founded in 2010, connects automotive consumers with dealers and service providers, offering integrated marketing and transaction services. The Company aims to enhance advertising efficiency through data analytics and digital marketing solutions.

TuanChe Limited (NASDAQ: TC) reported its financial results for Q4 and full year 2021. Q4 net revenues fell by 49.8% to RMB 83.1 million (US$13 million), while annual revenues rose 8.3% to RMB 357.6 million (US$56.1 million). Gross profit for Q4 decreased 47.3% to RMB 63.5 million (US$10 million), and the number of auto shows dropped 53.5% to 107. Looking forward, TuanChe expects Q1 2022 revenues to be between RMB 20 million and RMB 30 million, indicating a significant year-over-year decline.

TuanChe Limited (NASDAQ: TC) announced its entry into the electric vehicle (EV) market, aiming to launch two models within three years and sell 100,000 vehicles. The initial EV models will be priced between RMB100,000 and RMB200,000. TuanChe plans to form a team of over 100 experts and leverage partnerships to develop their EV business, which will include design, manufacturing, branding, and customer engagement. The company's extensive distribution network across more than 230 cities in China is expected to support its new initiative amid growing demand for renewable energy vehicles.

TuanChe Limited (NASDAQ: TC) reported a 38.9% decrease in net revenues for Q3 2021, totaling RMB61.1 million (US$9.5 million), down from RMB100.0 million in Q3 2020. Gross profit fell 35.1% to RMB46.8 million (US$7.3 million). The number of auto shows organized dropped 57.2% to 65 events. In contrast, the first nine months showed a 66.9% revenue increase to RMB274.4 million (US$42.6 million). Despite challenges from COVID-19 and a global chip shortage, TuanChe aims to pivot towards electric vehicle manufacturing.

TuanChe Limited (NASDAQ: TC) has announced the establishment of an electric vehicle (EV) business unit as it aims to enter the EV manufacturing sector. The company plans to utilize its robust distribution network across over 240 cities in China to enhance digital marketing for its EV brands. With EV sales in China experiencing significant growth—2.99 million units sold from January to November 2021, representing a 166.8% year-on-year increase—TuanChe is set to capitalize on this momentum. The firm’s strong offline sales network positions it uniquely in a rapidly expanding market.

TuanChe Limited (NASDAQ: TC) plans to release its third quarter 2021 unaudited financial results on January 13, 2022, before U.S. market opening. The earnings announcement will be available on the Company’s investor relations website. Following the release, management will host a conference call at 8:00 A.M. ET to discuss the results, accessible via various dialing numbers. An archived webcast will also be available. TuanChe, established in 2010, is a prominent automotive marketplace in China, connecting buyers with dealers through integrated online and offline services.

TuanChe Limited (NASDAQ: TC) has announced plans to enter the electric vehicle (EV) manufacturing sector. The company aims to establish a dedicated design, R&D, and manufacturing team to meet the rising consumer demand for EVs, fueled by supportive policies and advancing technologies. The strategy involves leveraging TuanChe's existing customer base and sales capabilities while engaging potential strategic partners to enhance synergies in this new business line. TuanChe will update stakeholders on any significant developments in this expansion.

TuanChe Limited (NASDAQ: TC) announced the results of its 2021 Annual General Meeting of Shareholders held on November 17, 2021, in Beijing. Shareholders approved all submitted proposals, including the ratification of Marcum Bernstein & Pinchuk LLP as the independent public accounting firm for the fiscal year ending December 31, 2021. Additionally, an amendment was made to the Articles to specify voting rights of shareholders, with Class A Ordinary Shares having one vote and Class B Ordinary Shares having 15 votes each. This marks a significant step for TuanChe's corporate governance.