Ideal Auto expects revenue growth in the second quarter of 2025

Ideal Auto expects revenue of RMB 32.5 billion to RMB 33.8 billion in the second quarter of 2025, a year-on-year increase of 2.5% to 6.7%, but lower than the market forecast of RMB 34.58 billion. Deliveries are expected to be 123,000 to 128,000 vehicles, a year-on-year increase of 13.3% to 17.9%, lower than the market forecast of 128,852 vehicles.