Ubs Group released a report stating that Ideal (LI.US) exceeded expectations in core third-quarter operations, with gross margin increasing by 47% year-on-year to 3.433 billion RMB, surpassing the market consensus and the bank's forecast of 37% and 25%. GAAP net profit was 2.814 billion RMB, exceeding the market consensus of 2.621 billion RMB, but lower than the bank's forecast of 3.364 billion RMB, mainly due to non-operating investment losses and higher income tax expenses.

Ubs Group stated that Ideal's third-quarter automobile gross margin reached 20.9%, which was surprising; R&D expenses decreased by 15% quarterly, indicating that cost optimization has been effective. Ideal expects automobile deliveries in the fourth quarter to be between 0.16 million and 0.17 million vehicles, which means monthly deliveries of 53,000 to 57,000 vehicles by the end of the year. Although this guidance may not seem particularly optimistic, if this target is based on prioritizing gross margin rather than sales volume, it is considered an encouraging signal for Ideal and the high-end electric vehicle market. Ubs Group maintains a target price of $40 for Ideal and rates it as a 'buy'.