Ruqi Mobility's revenue for the first half of 2025 surged to RMB 1.676 billion, marking a robust year-on-year growth of 61.7%. Notably, the company achieved a positive gross margin for the first time, reaching 2.2%, translating to a total gross profit of RMB 37.438 million. Both its mobility services and technology services exhibited upward trends, with online car-hailing and Robotaxi service revenue escalating by 86% year-on-year, and technology service revenue soaring by an impressive 207%. The number of orders jumped by 51.13% compared to the previous year, while expenses such as sales and marketing, and financial costs were efficiently managed, leading to significant reductions. The Robotaxi business witnessed rapid expansion, with order volumes surging by over 470% in the first half of the year. Looking ahead, the company aims to cover 100 key cities within the next five years and establish a fleet exceeding 10,000 vehicles.
