Ideal Auto announces postponement of release of three pure electric SUVs

Ideal Auto announced at its first quarter earnings conference that it had decided to postpone the release of three M-series pure electric SUVs due to poor sales of its first pure electric flagship MEGA. This decision was not disclosed to all employees before the announcement. Last year, Ideal planned to launch eight models, including four extended-range L-series and MEGA and M789 series, to achieve a full-year sales target of 800,000 vehicles. However, these plans and goals have now changed.