ChinaChina’s CalmCar waits about 300 days on average to collect payment.
Its driver-assist software now runs in 105 mass-produced car models across 6 brands.
Receivables grew from 88.7 million yuan in 2023 to 547.8 million yuan in 2025, the company’s figures show.
Gross margin on its driver-assist solutions rose from 32.4% to 43.8% in 2025, as software licensing grew.
The company expects positive cash flow in 2026 and blames its driverless unit and year-end revenue timing.
How each outlet framed it
- TMTPost leans favorable
- frames the driver-assist supplier's edge as delivery and platform reuse (over 70% code reuse, six-month deployments), not algorithm leadership
Sources: TMTPost