Ideal Auto invests over 10 billion yuan in R&D every year

Li Xiang, CEO of Ideal Auto, stated that starting in 2023, Ideal Auto will invest over 10 billion yuan annually in R&D. Regarding sales projections for the Ideal i6, Li Xiang predicted that by the end of this year, the company will be able to maintain a top-five position and strive for a top-three position in the high-end pure electric vehicle market. The Ideal i6's sales target is 9,000 to 10,000 units per month. Including the Ideal i6 and Ideal MEGA, the company's overall pure electric vehicle sales target is expected to stabilize at 18,000 to 20,000 units per month.