On October 14th, 2024, the Changzhou New Energy Vehicle Global Partner Conference and Ideal Automobile Million Vehicle Offline Activity were held at the Ideal Automobile Changzhou Intelligent Manufacturing Base (hereinafter referred to as Changzhou Base). Government leaders and industry experts, including Xu Kunlin, Deputy Secretary of the Jiangsu Provincial Party Committee and Governor, Sheng Lei, Deputy Secretary of the Changzhou Municipal Party Committee and Mayor, Zhang Yongwei, Vice Chairman of the China Electric Vehicle Hundred People's Association, Ideal Automobile's strategic partner enterprises, as well as Ideal Automobile's Chairman and CEO Li Xiang, President and Chief Engineer Ma Donghui, Chief Financial Officer Li Tie, attended and witnessed this milestone moment. At the ceremony, the Jiangsu Province New Energy Vehicle Foreign Trade Transformation and Upgrading Base was officially unveiled, and the Changzhou Municipal Government released the "Changzhou New Energy Vehicle Full Scenario Ecological Support Plan" to promote the high-quality development of the automotive industry chain. It is expected that by 2027, the output value of new energy vehicles and components in Changzhou will reach 1 trillion yuan.
Ideal Automobile Million Vehicles Offline Event Site (Ideal Automobile photo provided)
Changzhou Mayor Sheng Lei said, "Ideal Automobile and Changzhou have been working together for eight years. In eight years, Ideal has grown into a leading enterprise in new energy vehicles with an investment of billions and an output of billions in Changzhou. At the same time, Changzhou has also developed into a city with an industrial economy scale of 2.2 trillion yuan and a GDP of trillion yuan. We have worked together to achieve amazing development acceleration
Zhang Yongwei, Vice Chairman of the China Electric Vehicle Hundred People's Association, said, "Congratulations on the production of one million Ideal Vehicles. This is an important milestone moment. China is at the forefront of the new energy vehicle industry globally, and emerging technology companies like Ideal Vehicles have played an important role in this process
Li Xiang, Chairman and CEO of Ideal Automobile, said, "We focus on user value and create products that exceed user needs. The recognition and support of our customers are the driving force for our continuous progress. Ideal Automobile insists on cooperating with local high-quality suppliers, continuously improving the supply chain system and management standards, and enabling the 'management chain' to grow quickly and healthily. We thank all the users, partners, and government leaders who have accompanied Ideal Automobile to grow together. In the future, we will embrace the technological changes of the intelligent electric vehicle era, continuously improve product quality and service level, and allow more families to choose Ideal Automobile's products with confidence
Li Xiang, Chairman and CEO of Ideal Automobile, delivered a speech on site (photo provided by Ideal Automobile)
Focus on user value and continuously create popular products
Since the first product was launched in November 2019, Ideal Automobile has achieved rapid development in the past five years, focusing on user value throughout the entire life cycle of design, research and development, supply and manufacturing, sales and services. It has pioneered the product definition of five screen 3D interaction for intelligent electric vehicles in China and become the first Chinese car company to scale up the development of extended range electric vehicles. Ideal Automobile has created a series of popular products that have become the first choice for Chinese household users in their respective segmented markets.
Ideal Automobile's 1 millionth car -2024 Ideal L9 officially launched (Ideal Automobile provides pictures)
Data shows that the first product, the Ideal ONE, has redefined the family SUV, with a cumulative delivery volume exceeding 210000 units. The cumulative delivery volume of the family six seater flagship SUV Ideal L9 has exceeded 210000 units, the family six seater luxury SUV Ideal L8 has exceeded 180000 units, and the family five seater flagship SUV Ideal L7 has exceeded 220000 units. In the new energy vehicle market above 300000 yuan, since 2023, the total delivery volume of the Ideal L7, Ideal L9, and Ideal L8 models has ranked first, second, and third in the segmented market sales, respectively. Since its launch in April this year, the Ideal L6, a five seater luxury SUV for families, has delivered over 110000 units, setting a new record for the fastest delivery by a new force. The flagship MPV of home technology, Ideal MEGA, adopts a low wind resistance design and has ultra-low energy consumption of 15.9 kWh per 100 kilometers. Since its launch, it has become the sales champion of new energy MPVs with a price of over 500000 yuan.
In September, the delivery volume of Ideal Automobile reached 53000 units, creating a historic high. For the first time, its domestic market sales surpassed luxury brands Mercedes Benz, BMW, and Audi, winning the championship in luxury brand sales in the Chinese market and reshaping the competitive landscape of the Chinese luxury brand market. Thanks to the rapid expansion of the market size and the continuous improvement of enterprise operating efficiency, Ideal Automobile has become the first new force car company in China with an annual revenue exceeding 100 billion yuan, the first new force car company to achieve profitability, and the youngest Hurun Global 500 enterprise.
It is reported that Ideal Automobile reached the milestone of one million vehicles in 58 months, becoming the first new force car company in China to achieve this result, setting a record for the fastest Chinese luxury car to reach one million vehicles. It is also the only Chinese luxury car brand with an average price exceeding 300000 yuan and a scale of one million. The production of the one millionth complete vehicle of Ideal Automobile is not only a milestone for the company, but also an important node in the development of intelligent electric vehicles in China.
Ideal Car's full range of models (Ideal Car image provided)
Adhere to the self-developed core technology and lead the "Li Chain" to achieve technological breakthroughs
Ideal Automobile stated that the company adheres to self-developed core technologies and has invested an average of 100 million yuan every three days in technology research and development since last year. It has established leading technological advantages in areas such as intelligent driving, intelligent space, intelligent electric, and intelligent industry. Since the beginning of this year, Ideal Automobile has made breakthrough progress in the field of intelligent driving. The Ideal autonomous driving technology architecture, end-to-end+VLM system, has started a 10000 person team test, providing more and more users with a safer and more convenient driving experience.
Ideal Automotive Intelligent Space Laboratory (Ideal Automotive Image)
While adhering to self-developed core technologies, Ideal Automobile collaborates with partners in research and development, production, and quality traceability of key components, and opens up cooperation in enterprise digitization and intelligent industry. It shares massive data with the supply chain to achieve full lifecycle traceability of products, driving quality and performance improvement. As the chain owner, Ideal Automotive's R&D, quality, and process teams delve into the frontline operational processes of our partners, forming a new team with equal trust and resource sharing. We tailor development and upgrade iterations to meet the needs of Chinese families.
Company introduction: With the continuous expansion of Ideal Automobile's scale, more than 20 young partners on the "Li Chain", including air suspension supplier Kong Hui, LiDAR supplier Hesai, intelligent driving chip supplier Horizon, HUD supplier Future Black Technology, have gradually grown into industry leaders; Collaborating with CATL to develop the industry's first mass-produced 5C rechargeable battery, and partnering with Huichuan to develop a front wheel drive five in one assembly, to assist Xinwangda in building and operating battery PACK production lines in Jiangsu. The collaborative innovation of the industrial chain continuously creates user value, promotes technological equality, drives cost reduction through localization and scale, and makes top configuration a standard. Based on technological innovation capabilities and joint research and development cooperation models, Ideal Automotive collaborates with local enterprises to achieve key technological breakthroughs and create new value for the industry chain.
Changzhou Base for Deep Integration of Industry and City officially named "Jiangsu Ideal"
It is reported that in 2016, attracted by factors such as Changzhou's advantageous location, solid industrial foundation, and first-class business environment, Ideal Automobile's first intelligent manufacturing base settled in Changzhou, witnessing and deeply participating in the construction of Changzhou as a "trillion yuan new energy capital". In the first half of 2024, Ideal Automobile's production accounted for 35.4% of Jiangsu Province's automobile production, becoming the leading automobile company in Jiangsu's new energy vehicle production. While expanding the production scale, Ideal actively promotes the localization strategy of supply and manufacturing, continuously attracting supply chains from outside the province to layout in Jiangsu and Changzhou. At present, the ideal L series has a near ground supply level of nearly 60%, and it is expected that by 2026, 70% of key components will achieve near ground supply, further driving the development of Jiangsu's automotive industry chain.
Ideal Automobile stated that the company has invested 1.6 billion yuan this year to renovate and upgrade its Changzhou base, focusing on the basic proposition of high-quality industrial development. The Changzhou base has been officially named "Jiangsu Ideal", and the company has restructured its research and development, manufacturing, sales, parts and other businesses under a new identity to achieve group operation. In the future, the R&D and management personnel of Ideal Automobile in Jiangsu will gradually increase, accelerate the construction of the parts industry park, and guide the development of the "Li Chain" near ground cluster.
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