Durrant Pate/Contributor

New car dealership, Jetcon Corporation, will shortly be launching Chinese car manufacturer BAIC’s line of Electric Vehicles (EVs) and plug-in hybrid vehicles, ARCFOX, which is a premium Chinese electric vehicle.

 It features models like the Alpha-T SUV, Alpha-S sedan, and T1 hatchback. Jetcon will be starting with two models, the T1 and T5. These models will become available towards the end of the year, although one unit each is now available for test drives for prospective customers.

In the meantime, Jetcon continues to perform strongly in 2026 with another positive quarter of revenue and profit growth. While the bulk of revenues came from motor vehicle sales,  investments in the solar power market continue to play a role in revenues and profit climbing. 

Profits almost doubled 

The new car dealership delivered profit of $65 million at the end of the quarter, almost double that of the $33 million profit of the same period of 2025. Revenues for the quarter totalled $428 million, an 88% increase over 2025’s total of $227million. 

Cost of Sales increased from $162 million in 2025 to $322 million in 2026 while gross margin decreased slightly from 29% to 24%. On the other hand, gross profit increased 65%, from $65 million to $106 million.

For the year-to-date performance, revenue doubled that of 2025, while net profit surged almost threefold. 

Earnings per share total 11 cents for the quarter and 21 cents year-to-date. Jetcon ended the quarter with inventories amounting to $603 million, now the largest asset, which reflects the company’s strategy of increasing supply to adequately meet demand for the brand, which can be seen in the latest quarterly financial results. 

Fixed assets amount to $469 million and comprise mostly land and buildings.