On the evening of August 26, Li Xiang, Chairman and CEO of Ideal Auto, said during Ideal Auto's second-quarter earnings conference call that starting in the second half of this year, Ideal Brand batteries will be installed in all Ideal Auto models. Ideal Auto believes that in the long run, batteries and chips will be the most important technical barriers and moats for the intelligent industry. He stressed that self-development does not mean that the supplier's products are not good enough. In the age of embodied intelligence, batteries and chips are the core barriers, and Sandian technology and excellent product strength will be the company's core competitiveness. Ma Donghui, president of Ideal Auto, said that there have been cyclical fluctuations in upstream core raw materials and components this year, putting a lot of cost pressure and causing a certain disturbance to the company's gross profit. He said that in order to cope with cyclical cost fluctuations, there are two measures. On the one hand, Ideal Auto will continue to promote refined operation to achieve cost reduction; on the other hand, it will rely on self-development of full-stack technology and an independent supply chain system to build long-term structural cost reduction capabilities. “Overall, in the short term, ideal cars smooth out phased cost pressure through long-term single locking and refined operation; in the medium to long term, they rely on large-scale implementation of self-developed technology to stabilize the gross profit level of operation and support the company's long-term high-quality development.”
Zhitongcaijing · 2d ago
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On the evening of August 26, Li Xiang, Chairman and CEO of Ideal Auto, said during Ideal Auto's second-quarter earnings conference call that starting in the second half of this year, Ideal Brand batteries will be installed in all Ideal Auto models. Ideal Auto believes that in the long run, batteries and chips will be the most important technical barriers and moats for the intelligent industry. He stressed that self-development does not mean that the supplier's products are not good enough. In the age of embodied intelligence, batteries and chips are the core barriers, and Sandian technology and excellent product strength will be the company's core competitiveness. Ma Donghui, president of Ideal Auto, said that there have been cyclical fluctuations in upstream core raw materials and components this year, putting a lot of cost pressure and causing a certain disturbance to the company's gross profit. He said that in order to cope with cyclical cost fluctuations, there are two measures. On the one hand, Ideal Auto will continue to promote refined operation to achieve cost reduction; on the other hand, it will rely on self-development of full-stack technology and an independent supply chain system to build long-term structural cost reduction capabilities. “Overall, in the short term, ideal cars smooth out phased cost pressure through long-term single locking and refined operation; in the medium to long term, they rely on large-scale implementation of self-developed technology to stabilize the gross profit level of operation and support the company's long-term high-quality development.”
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