Ideal Auto's third-quarter 2024 financial report released, with both revenue and net profit increasing

Ideal Auto released its third-quarter 2024 financial report on October 31. The report showed that the company delivered 152,800 new vehicles in the quarter, a year-on-year increase of 45.4%; revenue reached 42.874 billion yuan, a year-on-year increase of 23.6%; net profit reached 2.82 billion yuan, a year-on-year increase of 0.3%, and achieved profitability for eight consecutive quarters. The company's performance outlook for the fourth quarter is revenue of 43.2 billion yuan to 45.9 billion yuan, and delivery volume is expected to be between 160,000 and 170,000 vehicles.