Automotive Nov 29, 2021 07:19 PM (GMT+8) · EqualOcean
On November 29, yiou Automobile News, ideal automobile announced the financial report for the third quarter of 2021. The total revenue of Q3 reached 7.78 billion yuan (US $1.21 billion), of which the vehicle sales revenue was 7.39 billion yuan (US $1.15 billion), accounting for 95% of the total revenue. The delivery volume of vehicles reached 25116, and the quarterly gross profit margin reached 23.3%.   According to the financial report, the net loss of ideal car Q3 was RMB 21.5 million, a decrease of 79.9% compared with RMB 110 million in the third quarter of 2020 and 90.9% compared with RMB 240 million in the second quarter of 2021.   In October 2021, the Beijing manufacturing base of ideal automobile officially started construction and is planned to be put into operation in 2023. The base will become an important luxury electric vehicle manufacturing base of ideal automobile. Li Xiang, founder, chairman and CEO of ideal automobile, said: "the company will increase R & D capital investment to promote the parallel development of incremental electric vehicles and pure electric vehicles, as well as intelligent cockpit and intelligent driving technology. It will further improve production capacity through the construction of Beijing manufacturing base and continue to expand sales and service network“

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