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Ideal Auto announces third-quarter financial report: total revenue of 7.78 billion yuan, delivery of more than 25,000

Source: Oriental Information2021-11-29 21:58

Caijing Auto News November 29, Ideal Auto announced its unaudited financial results for the quarter ended September 30, 2021.

According to the data, the total revenue for the third quarter of 2021 was RMB 7.78 billion (US$1.21 billion), an increase of 209.7% from RMB 2.51 billion in the third quarter of 2020, and an increase of 54.3 from RMB 5.04 billion in the second quarter of 2021. %.

Among them, the vehicle sales revenue in the third quarter of 2021 was 7.39 billion yuan (US$1.15 billion), an increase of 199.7% from the 2.46 billion yuan in the third quarter of 2020, and an increase of 50.6 compared to the 4.90 billion yuan in the second quarter of 2021. %.

In terms of delivery volume, in the third quarter of 2021, the ideal ONE delivered 25,116 vehicles, a year-on-year increase of 190.0%.

Mr. Li Xiang, Founder, Chairman and CEO of Ideal Motors said: “In the context of the industry-wide chip shortage, we delivered 25,116 Ideal ONEs in the third quarter, a year-on-year increase of 190.0%, achieving a quarterly high. Highlights the strong product power of the 2021 Ideal ONE for home users. In order to alleviate the continuing supply chain risks, we will continue to work with our supply chain partners to find solutions. In view of our strong order volume and user acceptance of smart electric vehicles With the continuous improvement of the degree, we are full of confidence in the growth prospects of the ideal car.

Ideal Auto expects that in the fourth quarter of 2021, vehicle deliveries will be 30,000 to 32,000 vehicles, an increase of 107.4% to 121.2% from the fourth quarter of 2020. The total revenue will be RMB 8.82 billion (USD 1.37 billion) to RMB 9.41 billion (14.6). Billion U.S. dollars), an increase of 112.7% to 126.9% from the fourth quarter of 2020.

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