During the corresponding time, Cheetah Net Supply Chain Service Inc recorded a revenue increase by 145.37 % year on year, sequentially revenue grew by 837.33 %. While revenue at the Cheetah Net Supply Chain Service Inc 's corporate clients
Cheetah Net Supply Chain Service Inc's Comment on Sales, Marketing and Customers
The company experienced a decline in parallel-import vehicle sales from 303 units in 2023 to 14 units in 2024, attributed to weakening macroeconomic conditions, price competition from luxury automakers in the PRC, and a shift in consumer preference toward domestic electric vehicles. In March 2025, the company discontinued its parallel-import vehicle business and shifted its focus to logistics and warehousing services. It acquired Edward Transit Express Group Inc., a California-based common carrier specializing in ocean transportation services, and TW & EW Services Inc., a California-based provider of general labor and logistics services. The company also acquired NexTrade International LLC, which has not yet commenced business operations. It operates under the trade name Elite Motor Group and holds 100% equity interests in entities including Allen-Boy International LLC. The company relocated its headquarters to Irvine, California, near key ports, with a focus on international trade flows between the PRC and the U.S.
Cheetah Net Supply Chain Service Inc’s Comment on Sales, Marketing and Customers
The company experienced a decline in parallel-import vehicle sales from 303 units in 2023 to 14 units in 2024, attributed to weakening macroeconomic conditions, price competition from luxury automakers in the PRC, and a shift in consumer preference toward domestic electric vehicles. In March 2025, the company discontinued its parallel-import vehicle business and shifted its focus to logistics and warehousing services. It acquired Edward Transit Express Group Inc., a California-based common carrier specializing in ocean transportation services, and TW & EW Services Inc., a California-based provider of general labor and logistics services. The company also acquired NexTrade International LLC, which has not yet commenced business operations. It operates under the trade name Elite Motor Group and holds 100% equity interests in entities including Allen-Boy International LLC. The company relocated its headquarters to Irvine, California, near key ports, with a focus on international trade flows between the PRC and the U.S.
Sources:
Cheetah Net Supply Chain Service 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.
Updated on:
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