Duoli Technology is waiting for Ideal Auto W04 project and other customers' large prototype projects

Duoli Technology is waiting for Ideal Auto's W04 project and other large-scale prototype projects from other customers. The success of these projects will bring more business opportunities and market competitiveness to the company. Ideal Auto contributed 500 million yuan in sales revenue to Duoli Technology last year, but with the launch of the supporting L6 model, the value of a single vehicle has dropped from more than 1,400 yuan to less than 1,000 yuan. This change reflects the impact of market competition and technological progress on the value of the company's products. Duoli Technology's main customers include Tesla, Ideal Auto and SAIC Group. With the continuous growth of market demand, Leapmotor is expected to become the company's third largest customer.