Ideal Automobile-W (02015) bucked the market and fell by more than 3% in the intraday period. As of press release, it was down 2.24% to HK$96.15, with a turnover of HK$1,128 billion.
The Zhitong Finance App learned that Ideal Automobile-W (02015) bucked the trend and fell by more than 3% in the intraday period. As of press release, it fell 2.24% to HK$96.15, with a turnover of HK$1,128 billion.
According to the news, Ideal Auto has rarely announced a price reduction recently. In addition to the newly launched Ideal L6, its 2024 Ideal L7, L8, L9 and MEGA have adopted a new price system. Compared with the previous one, the price reduction for the 4 models is 18,000 to 30,000 yuan. In terms of sales volume, in the first quarter of this year, the sales growth rate of Ideal Auto declined year-on-year. Ideal Auto delivered a total of 80,400 new vehicles during the period, an increase of 52.9% over the same period last year, but the growth rate for the same period last year was 65.8%.
In addition, the new Q M was officially released 5 days ago, and the price was 249,800 to 279,800 yuan. According to information, Quanjie's new M5 opened for pre-order on April 17. Official data shows that the cumulative number of pre-sale orders exceeded 10,000 units during the 12-hour pre-sale period. Ideal L6 was launched as its main competitor last week, with prices of 249,800 yuan and 279,800 yuan respectively. The price range is exactly the same as the QG M5. Orient Securities previously pointed out that in 2024, Ideal and others will launch declining models one after another. Coupled with the launch of new models such as Huawei and Xiaomi, it is expected that competition in the 200,000-300,000 yuan NEV segment will continue to heat up.