On August 28th, Southern Finance and Economics reported that Ideal Auto released its Q2 2024 financial report.
The ideal revenue for the second quarter reached 31.7 billion yuan, a year-on-year increase of 10.6%, setting a new high for the same period. Meanwhile, Ideal has achieved profitability for seven consecutive quarters, with an adjusted net profit of 1.5 billion yuan and a healthy gross profit margin of 19.5%.
The Ideal L6, released in April, has become the new sales force. Since June, the monthly delivery volume has continuously exceeded 20000 units, making it the top selling Chinese brand model for passenger cars priced over 200000 yuan. This quarter, Ideal delivered approximately 108000 new cars, a year-on-year increase of 25.5%.
In a single quarter, the ideal R&D investment reached 3 billion yuan. In July, Ideal launched a map free NOA without restrictions on cities and roads to 240000 AD Max users. The industry's first dual system intelligent driving technology architecture based on end-to-end and visual language models was also released in July, and a test user push with a scale of thousands of people was completed in the same month. (21st Century Business Herald)