Summary by Futu AI
Ideal Cars (Nasdaq: LI; HKEx: 2015) announced on 1 March 2024 that 20,251 new vehicles were delivered in February 2024, an increase of 21.8% over the same period last year, with a cumulative delivery of 684,780 vehicles. Chairman and CEO Li Xuan said that despite the impact of the Spring Festival holiday and model switching, the volume of deliveries on a daily basis increased significantly. The Ideal MEGA and 2024 Ideal L Series models will be officially unveiled at the Ideal Cars 2024 Spring Launch, and the launch of the new models is expected to bring March deliveries back to 50,000 vehicles. As of the end of February, Ideal Cars had 475 retail centers and 355 after-sales service and licensed sheet spraying centers nationwide, covering 142 cities. Ideal Cars began production in November 2019. The current product line includes models such as the Ideal MEGA, Ideal L9, Ideal L8 and Ideal L7, and is dedicated to the development of programming and pure electric vehicle technology.