Record of ideal car teleconference: the first high-power rechargeable car will be launched in the second half of 2023

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On November 29, ideal automobile (NASDAQ: Li) released its financial statements for the third quarter ended September 30, 2021 on Monday. According to the financial report, the total revenue of ideal automobile was 7.78 billion yuan, a year-on-year increase of 209.7%; The net loss attributable to ideal automobile was RMB 21.5 million, a year-on-year decrease of 79.9% and a month on month decrease of 90.9%. In the third quarter of 2021, the ideal one delivery volume was 25116, with a year-on-year increase of 190%. As of September 30, 2021, the company has 153 retail centers nationwide, covering 85 cities; 223 after-sales maintenance centers and authorized B & P centers, covering 165 cities. [the revenue of ideal automobile in the third quarter was RMB 7.78 billion, with a year-on-year increase of 209.7%, and the delivery volume exceeded 20000]
After the release of the financial report, Li Xiang, founder and CEO of ideal automobile, Shen Yanan, co-founder and President, Wang Kai, chief technology officer and Li Tie, chief financial officer, attended the financial report teleconference and answered the questions of analysts on the spot.
The following is the record of the earnings conference call:
Analyst: with regard to the launch plan of high-power charging (HPC) battery electric vehicle (Bev), in addition to the 4C charging rate battery mentioned by President Shen Gang, have you considered what other important features your future products will have to stand out from the competition? Can you share the timeline of the next product launch? In addition, with regard to the production problems, you mentioned that the number of new orders in October exceeded 14500. When will the output increase to such a level next year?
Shen Yanan: we have made quite smooth progress in 4C battery. We have also made a big step in high-voltage air conditioning system and high-power charging infrastructure. As for the timeline, as planned, we will launch the first high-power charging (HPC) battery electric vehicle (Bev) in the second half of 2023. As for production, in fact, the output of our factory has increased. It can produce 14000 cars a month. The output is limited by the shortage of chips. We expect that after the Spring Festival next year, the monthly output of the factory will exceed 15000 units. At that time, we will solve the problem of chips to a certain extent.
(continuously updated)