Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com November 9 news, ideal car third quarter earnings meeting, Chairman Li Xiang said that intelligent driving, the ideal AD Max on the city NOA research and development progress smoothly.

The ideal plan is to launch the official version of AD Max 3.0 software to users by the end of the year, providing full-scene NOA capabilities. At the same time, it is ideal to launch the official version of AD Pro 3.0 to users in the first half of next year, and some of the algorithm capabilities of AD Max will be released on AD Pro. Li Xiang said that he is confident that he will become the first echelon of smart drivers that have been tested in the market in the first half of next year.

CTOnews.com previously reported that ideal Motors today reported its third quarter 2023 results, with the best delivery and financial performance in history. Revenue in the quarter was 34.68 billion yuan, an increase of 271.2% over the same period last year, and the market is expected to be 33.641 billion yuan; revenue is expected to be 38.46 billion yuan to 39.38 billion yuan in the fourth quarter. 105108 vehicles were delivered in the third quarter, an increase of 296.3% over the same period last year. In the same period, the operating profit and net profit were 2.34 billion yuan and 2.81 billion yuan respectively, making profits for four consecutive quarters. The third-quarter gross profit margin of ideal car is 22.0%, which remains healthy. The free cash flow is 13.22 billion yuan, and the cash reserve is 88.52 billion yuan at the end of the third quarter.

The main contents of the conference call on ideal earnings report are as follows:

At present, the ideal self-driving team has 900. it will expand to 2000 next year and 2500 in 25 years.

AD 3.0 will be pushed to all Max users at the end of this year, and to all Pro users next year. It will become the first echelon of smart drivers in the first half of next year.

Adhere to the standard configuration of the whole department of smart driving, in order to obtain more training mileage data and promote the accelerated iteration of large model algorithms.

The supply problem has been solved; the ideal Beijing factory is mainly responsible for producing pure electricity products with the capacity to meet the sales and delivery targets for the next two years.

Ideal all pure electric products will adhere to three principles: charging breakthrough, including charging speed and charging infrastructure; space breakthrough, ideal any product will have the largest space in the same level of products; styling breakthrough, the ideal styling design will adhere to the design of the next few decades to now, breaking through the design style of all levels of models.

MEGA will be officially released in December, the January 2024 show car will enter the store, and delivery will begin in February after the Spring Festival.

Charging stations, 130 ideal overcharging stations have been built and operated along the national highway, and 300 high-speed overcharging stations will be completed by the end of this year, covering four major economic belts, namely, Beijing-Tianjin-Hebei, Yangtze River Delta, Dawan area, Sichuan and Chongqing.

In terms of sales network, as of October 31, there are 372 retail centers across the country, covering 133 cities, and store expansion will be accelerated in the fourth quarter, with a target of more than 400 stores covering 140 cities by the end of this year.

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