On April 13th, the Legal Department of Ideal Automobile posted on Weibo, stating that the recent online rumors of "Ideal Automobile's latest progress in going abroad" and "signing a contract with Uzbekistan" are all false rumors. We hereby clarify:
After investigation, it was found that the "Uzbekistan sales authorization signing" displayed in some online images was not an official act of Ideal Automobile. The images were fabricated and spread false information under the name of Ideal Automobile. In addition, Ideal Automobile has not organized or received any factory visits to dealers. Regarding the description of personnel entering Ideal Automobile's factory for visits, Ideal Automobile has collected relevant evidence and reported to the public security organs. The specific situation needs to wait for the investigation results of the police.
Please inform the general public of the truth and not believe or spread rumors.
Previously, a blogger posted that someone had recently impersonated the official authorized sales of Ideal Automobile and signed a contract with Uzbekistan, and organized a visit to Ideal Changzhou factory.
Sina Weibo
It is worth noting that on July 18, 2023, Li Xiang, Chairman and CEO of Ideal Automobile, posted on Weibo that Ideal Automobile will not enter the overseas market before 2025 and will concentrate all resources to achieve its 2025 goals. The overseas market will still maintain a direct sales model.
On April 1, 2024, Ideal Automobile announced its delivery data for March 2024. In March 2024, Ideal Automobile delivered 28984 new cars, a year-on-year increase of 39.2%. In the first quarter of 2024, a total of 80400 vehicles were delivered, a year-on-year increase of 52.9%. As of March 31, 2024, Ideal Automobile has delivered a total of 713764 vehicles.
In 2023, Ideal Automobile's revenue was 123.85 billion yuan, a year-on-year increase of 173.5%; The net profit reached 11.81 billion yuan, turning losses into profits for the first time in the year. The gross profit margin for the year was 22.2%, making it the first new force car company in China to achieve annual profits.
As of the close of the day before the US stock market, the stock price of Ideal Automobile (LI, stock price $29.39, market value $31.18 billion) fell 4.7%.
