Automotive industry policies and market dynamics influence TuanChe's business and stock performance

The Economic Observer recently reported that policies and market trends in the automotive industry may indirectly impact TuanChe’s business. On February 3, the Ministry of Industry and Information Technology and seven other departments issued the “Automobile Data Exit Security Guidelines (2026 Edition),” requiring vehicle data handlers to report data exit assessments through domestic entities to regulate data flow for intelligent connected vehicles. Additionally, in January 2026, China’s retail market for passenger cars is expected to reach approximately 1.8 million units, a 20.4% month-on-month decline, with continued cooling in terminal sales related to policy rollbacks and consumer overextension. Moreover, data from the Spring Festival travel period in 2026 shows that the total cross-regional population movement is expected to reach 9.5 billion trips, primarily driven by self-driving travel, which may indirectly affect demand on automotive trading platforms.

Recent Stock Performance

TuanChe (TC.OQ) experienced significant stock price fluctuations over the past 7 days. According to internal data, as of February 12, 2026, the latest closing price was $11.98, up 0.17% for the day. From February 9 to 12, the price fluctuated between a decrease of 3.62% and a peak amplitude of 12.47%, with relatively light trading volume. During the same period, the U.S. advertising and marketing sector declined by 17.70%, and the Nasdaq index fell by 2.03%, indicating that the company’s stock performance was relatively independent of broader market movements.

Institutional Viewpoints

The Economic Observer analysis indicates that the automotive market growth in 2026 is expected to slow, with total sales projected to increase by only 1% year-on-year. Sales of new energy vehicles are expected to grow by 15.2%. Increased industry competition may put pressure on automotive trading platform businesses. The report suggests that TuanChe’s recent stock fluctuations are closely related to overall automotive industry trends, but the company’s business model gives it a certain degree of independence.