Wemade Max reported second-quarter revenue of 33.7 billion won, an operating loss of 15.4 billion won and a net loss of 14.4 billion won, it said on Tuesday. Revenue rose 2.1 percent from a year earlier and 3.1 percent from the previous quarter. The operating loss narrowed 7.6 percent year on year. First-half revenue totalled 66.4 billion won, while the net loss was 25.5 billion won.

Gobao unveiled its next-generation electric bicycle platform, X, integrating a motor, gearbox and AI software into a single system. The company is promoting ultra-fast charging that can take a 750Wh battery from 10 percent to 80 percent in about 20 minutes and an AI-based automatic, continuously variable electronic shifting system. The platform comes in two models, X1 and X1P, and is designed for multiple bike types. Mass production is planned from February 2027.