Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services
Key Takeaways:
Cango reported its fourth-quarter revenue rose sequentially but was down slightly from a year ago, as its newer car-trading services took up a larger portion of the total
Company faces a number of macroeconomic headwinds, including pandemic restrictions and a chip shortage that has dampened new car sales worldwide
By Doug Young