On the evening of November 9th, Ideal Automobile announced that its revenue for the third quarter of 2023 was 34.68 billion yuan, a year-on-year increase of 271.2%, and the market expectation was 33.641 billion yuan; The expected revenue for the fourth quarter is 38.46 billion yuan to 39.38 billion yuan. The gross profit in the third quarter of 2023 was 7.64 billion yuan (1.05 billion US dollars), an increase of 546.7% compared to 180 million yuan in the third quarter of 2022 and 22.6% compared to 6.24 billion yuan in the second quarter of 2023. Ideal Automobile is expected to deliver 125000 to 128000 units in the fourth quarter, with a market estimate of 112264 units.
Li Xiang, the chairman of Ideal Automobile, stated at the 2023 third quarter financial report that all pure electric products of Ideal adhere to three principles: breakthroughs in charging, including charging speed and charging infrastructure; The breakthrough in space would ideally result in any product having the largest space among its peers; The breakthrough in styling, the ideal styling design will persist in putting the design of the next few decades into the present, breaking through the design styles of various levels of vehicle models.
Looking ahead to the fourth quarter, Ideal Automobile is expected to deliver over 40000 vehicles per month, with quarterly deliveries expected to reach 125000 to 128000 vehicles, a year-on-year increase of 169.9% to 176.3%; The quarterly revenue is expected to reach 38.46 billion yuan to 39.38 billion yuan, a year-on-year increase of 117.9% to 123.1%.