Ideal CEO Li Xiang: Ideal will accelerate the iteration speed in technology platform and product updates.

On the evening of August 28, Li Xiang, Chairman and CEO of Ideal Motors, stated during the Ideal Motors Q2 financial report conference call that Ideal Motors will reduce the number of SKU products and return to the era of Ideal ONE and L9. He also revealed that in terms of technology platform and product updates, Ideal Motors will accelerate the iteration speed. "The problem we are facing now is that when we play one card, our competitors play two cards. Our iteration frequency is equivalent to letting our competitors see our cards and play against us. Therefore, we must accelerate the speed of technology platform and product updates to ensure a faster frequency of playing cards."