Lates News

Morningstar analyst Vincent Sun reports that due to intense competition in the automotive industry, Ideal Car's overall sales volume may face some pressure. He stated that the company's net profit for the second quarter did not meet Morningstar's expectations. With soft sales guidance for the third quarter, Morningstar expects the company's profitability to continue to be under pressure. The contribution of pure electric vehicle models remains low. The rapid growth in Ideal Car's delivery volume will largely depend on the production increase of its pure electric vehicles in the second half of the year. Morningstar has revised down its sales volume forecast for Ideal Car in 2025 by 14% to account for the sales pace since the beginning of the year as well as the disappointing market performance of the pure electric SUV.