Editor/Futu Information Koma
Futu News reported on November 13 that following yesterday's collective record high, today's “China's Three Great Car Builders” reached a new record high. As of press release, NIO had risen more than 10%, with a turnover of 2,382 million US dollars, the highest turnover in the US! Ideal rose nearly 25%, with a turnover of 1.38 billion US dollars, ranking second among US stocks in terms of turnover. In addition, Xiaopeng Motor rose more than 11%, and the US stock market with a turnover of 712 million US dollars ranked sixth.
Ideal Auto announced the 2020 Q3 report before the US stock market, which is also the first financial report after listing this year. According to financial reports, revenue was 2,511 million yuan, up 28.9% from 1.95 billion yuan in the second quarter of 2020; non-GAAP net revenue was 16 million, with a loss of 159 million yuan in the second quarter; gross profit margin for the second quarter of 2020 was 13.7%; and 8,660 vehicles were delivered in the third quarter.
Source: IR