Ideal Auto becomes the third profitable new energy vehicle company in the world

Ideal Auto achieved a net profit of 11.81 billion yuan in 2023, becoming the third profitable new energy vehicle company in the world after Tesla and BYD. This achievement puts Ideal Auto in a leading position among new energy vehicle companies, while NIO and Xpeng Motors lost 20.72 billion yuan and 10.38 billion yuan respectively in 2023.