Ideal Auto announces full-year financial data for 2023

Ideal Auto recently announced its full-year financial data for 2023, with full-year revenue reaching 123.85 billion yuan, a year-on-year increase of 173.5%; net profit was 11.81 billion yuan, turning losses into profits. By the end of 2023, the company's cash reserves reached 103.67 billion yuan, making it the auto company with the largest cash reserves in China.