On the evening of February 26th, Ideal Automobile released its financial reports for the fourth quarter and full year of 2023. According to the financial report, the net profit of Ideal Automobile in 2023 was 11.81 billion yuan, turning from a loss of 2.03 billion yuan in 2022 to a profit. With 2023 profits, Ideal Automobile has filled in the accumulated losses of the previous five years. Ideal Automobile is also the third new energy vehicle company in the world to achieve profitability, following Tesla and BYD. After the financial report was released, the stock price of Ideal Automobile in the US surged by over 15%, breaking through $40 per share, with a total market value of $42.486 billion. At the subsequent performance conference, Li Xiang, CEO of Ideal Automobile, stated that in the next five years, Ideal will not produce models priced below 200000 yuan. The Ideal L6, which will be launched this year, may become the lowest priced product under its umbrella. It is worth noting that the sales forecast for Ideal Automobile in the first quarter of this year has significantly decreased, with a month on month decrease of 21.85%~24.13%. How to stabilize the market and sustain profitability in the future is a question that Ideal Automobile needs to consider.