IMotion Automotive Technology (Suzhou) (HKG:1274) expects a pre-tax loss of around 298.2 million yuan for 2024, up 53% from 195.1 million yuan a year prior, a Friday filing with the Hong Kong bourse said.
The Chinese autonomous driving solution company attributed the wider anticipated loss mainly to an increase in R&D expenses, and a lower gross profit arising from the optimization of the sales price of its autonomous driving controller product, Supervision.
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