Jiang's questions to Cango Inc (CANG) leadership • Q2 2024
Question
Jiang from Citic Securities inquired about the impact of strategic partnerships on Cango's used car market position and the primary challenges in expanding cross-border used vehicle transactions.
Answer
Executive Jiayuan Lin explained that partnerships have expanded vehicle supply and market coverage, boosting transaction volumes and improving profit margins through economies of scale. For cross-border trade, Lin identified high logistics costs, complex international tariffs, and lengthy transaction cycles as the main challenges the company is actively working to mitigate through third-party partnerships and diligent policy monitoring.