Digital Currency X Technology Inc's Comment on Sales, Marketing and Customers
The former automotive business served customers including distributors, online car-hailing services, private market clients, government entities, and group procurement. Sales channels comprised distribution through dealers, direct factory and store sales, and overseas agency sales. Domestic commercial vehicle deliveries were primarily conducted via land transportation, while international sales relied mainly on maritime transportation. A significant portion of sales was concentrated among a limited number of long-term customers, with the top customers accounting for 54%, 22%, and 22% of total sales in fiscal years 2025, 2024, and 2023, respectively. Geographically, the majority of sales occurred in Mainland China, totaling $845,000 (58.5%) in 2025, $4,804,000 (69.5%) in 2024, and $9,185,000 (96.9%) in 2023. The company engaged in strategic cooperation with Ruidong New Energy Technology Co., Ltd. and collaborated with scientific research institutes including Yantai University, Hunan University Wuxi Intelligent Control Research Institute, Beijing Welion New Energy Technology Co., Ltd., CRRC Corporation Limited, and Nantong Ruidong New Energy Technology Co., Ltd. to develop new energy hybrid power systems and related technologies.
Digital Currency X Technology Inc’s Comment on Sales, Marketing and Customers
The former automotive business served customers including distributors, online car-hailing services, private market clients, government entities, and group procurement. Sales channels comprised distribution through dealers, direct factory and store sales, and overseas agency sales. Domestic commercial vehicle deliveries were primarily conducted via land transportation, while international sales relied mainly on maritime transportation. A significant portion of sales was concentrated among a limited number of long-term customers, with the top customers accounting for 54%, 22%, and 22% of total sales in fiscal years 2025, 2024, and 2023, respectively. Geographically, the majority of sales occurred in Mainland China, totaling $845,000 (58.5%) in 2025, $4,804,000 (69.5%) in 2024, and $9,185,000 (96.9%) in 2023. The company engaged in strategic cooperation with Ruidong New Energy Technology Co., Ltd. and collaborated with scientific research institutes including Yantai University, Hunan University Wuxi Intelligent Control Research Institute, Beijing Welion New Energy Technology Co., Ltd., CRRC Corporation Limited, and Nantong Ruidong New Energy Technology Co., Ltd. to develop new energy hybrid power systems and related technologies.
Sources:
Digital Currency X Technology Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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