Summary by Futu AI
Ideal Cars updated its delivery outlook for the first quarter of 2024 on March 21, 2024, with deliveries expected to be revised to 76,000 to 78,000 units, below the 100,000 to 103,000 previously expected due to sales orders falling short of expectations. Chairman and CEO Li Xuan analyzed the reasons for undersales, including the rhythm problems of Ideal MEGA and excessive focus on sales volume and competition, and indicated that the strategy will be adjusted to focus on user value and operational efficiency. Ideal Cars is a leader in China's new energy car market, focusing on the design, R&D, manufacturing and sales of luxury smart electric vehicles, and successfully commercializing plug-in electric vehicles. The company's product line includes models such as Ideal MEGA, Ideal L9, Ideal L8 and Ideal L7.