The Zhitong Finance App learned that Ideal Automobile-W (02015) fell nearly 3%. As of press release, it fell 2.11% to HK$43.52, with a turnover of HK$183 million.

According to the news, Jefferies released a research report saying that Ideal Automobile-W recently held a Power Day electric technology conference to officially launch the new “Lianshan” electric technology system. This is not simply a display of battery specifications, but rather a reflection that the company is seizing the right to define electric technology and shifting the differentiated competition of pure electric vehicles from complete vehicles to complete power systems.

Jefferies said that the “Lianshan” system should reduce battery costs in the long run, but in the short term, it will require more than 200 million yuan to invest in research and development every year. In addition to investment in silicon carbide, electric drives, and charging infrastructure, all of which will be amortized by pure electric vehicle sales. A lifetime warranty also means that the ideal car requires more battery liability. The bank anticipates that gross margin will not improve more significantly until next year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.