Ideal Auto promotes localization strategy of supply chain

Ideal Auto is actively promoting the localization strategy of its supply chain, and it is expected that by 2026, 70% of its key components will be supplied locally. Ideal Auto recently announced that it will begin mass production of an 800V pure electric SUV equipped with self-developed silicon carbide power modules and a new generation of electric drive systems at its Changzhou plant in Jiangsu. This new SUV is Ideal Auto's core product and an important step in promoting the development of the new energy vehicle industry.