Ideal Auto's first-quarter performance fell sharply, with net profit down 36.7% year-on-year

Ideal Auto recently released its first quarter performance report, which showed that its net profit fell by 36.7% year-on-year and 90% month-on-month, causing the company to fall into a loss again. CEO Li Xiang said that the company faces multiple challenges, including internal operating problems and changes in the external environment. In addition, Ideal Auto announced that it will postpone the release of its pure electric SUV products to the first half of next year.