T3 Go Surpasses 3 Million Daily Orders, Eyes 10 Million by 2026
T3 Go, a leading Chinese ride-hailing service, has hit a significant milestone with daily orders surpassing 3 million in the stock market today. The company operates in 118 cities and boasts over 200 million registered users. Meanwhile, it's gearing up for growth with a new financing round and strategic alliances.
T3 Go's expansion is evident in its '1521' strategy, aiming for 10 million daily orders, RMB 50 billion annual revenue, and 200 cities by 2026. It also plans to deploy 1,000 Level 4 autonomous vehicles commercially by then. The company's growth is remarkable, having started operations in 2019 with backing from tech majors and state-owned enterprises.
T3 Go has formed the 'Iron Triangle' ecosystem alliance to accelerate autonomous vehicle deployment. It's also addressing market needs for safety and convenience, a shift recognized by the company. Despite regulatory challenges, like the suspension of business licenses in Sanya, T3 Go continues to grow. Competition is heating up, with Alibaba-backed AutoNavi and Geely-owned Cao Cao Mobility also making moves in the first half of this year.
T3 Go's impressive growth, with daily orders exceeding 3 million and operations spanning 118 cities, signals a strong position in the stock market today. Its strategic plans and alliances indicate a focus on future growth and innovation. As competition intensifies, T3 Go is well-positioned to navigate the market, driven by its commitment to safety, compliance, and addressing latent market needs.
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