Ideal Car-W8 delivered a total of 34,914 new vehicles in the month, a YoY growth of 663.8%.
According to the announcement released by Ideal Car-W on the Smart Finance APP, in August 2023, a total of 34,914 new cars were delivered by Ideal Car, representing a YoY growth of 663.8%. The monthly deliveries of the three models in the Ideal L series all exceeded 10,000 units. As of August 31, 2023, the cumulative delivery volume of Ideal Car in 2023 has reached 208,200 units. "With more and more households recognizing and trusting our products, the Ideal L7, Ideal L8, and Ideal L9 achieved excellent monthly delivery results, all exceeding 10,000 units. Among them, the Ideal L9 has been the best-selling full-size SUV for 12 consecutive months, with cumulative deliveries exceeding 100,000 units since its first production in August 2022; the Ideal L7 and Ideal L8 have respectively maintained the first and second positions in the sales of mid-to-large-size SUVs. The popularity of the three models in the Ideal L series has solidified our leading position in the Chinese new energy vehicle market and luxury brand automobile market. From January to August this year, our market share in the domestic new energy vehicle market with a price above 300,000 RMB has exceeded 30%, successfully obtaining the champion in luxury new energy vehicle sales. Since the second quarter, we have been the top-selling brand of high-end SUVs (including both fuel and new energy vehicles) priced above 300,000 RMB in China for five consecutive months. At the Ideal Car press conference during the Chengdu Auto Show, we officially announced the release and delivery time of the flagship family technology model, Ideal MEGA.
According to the announcement released by Ideal Car-W (02015) on the Smart Finance APP, in August 2023, a total of 34,914 new cars were delivered by Ideal Car, representing a YoY growth of 663.8%. The monthly deliveries of the three models in the Ideal L series all exceeded 10,000 units. As of August 31, 2023, the cumulative delivery volume of Ideal Car in 2023 has reached 208,200 units.
"With more and more household users recognizing and trusting our products, the Ideal L7, Ideal L8, and Ideal L9 models all achieved excellent monthly delivery results, exceeding 10,000 units. Among them, the Ideal L9 has been the best-selling full-size SUV for 12 consecutive months, with cumulative deliveries exceeding 100,000 units since its first production in August 2022. The Ideal L7 and Ideal L8 models have respectively maintained the first and second positions in the sales of mid-to-large-size SUVs. The popularity of the three models in the Ideal L series has solidified our leading position in the Chinese new energy vehicle market and luxury brand automobile market. From January to August this year, our market share in the domestic new energy vehicle market priced above 300,000 RMB has exceeded 30%, successfully obtaining the champion in luxury new energy vehicle sales. Since the second quarter, we have been the top-selling brand of high-end SUVs (including fuel vehicles and new energy vehicles) priced above 300,000 RMB in China for five consecutive months. At the Ideal Car press conference during the Chengdu Auto Show, we officially announced the release and delivery time of our flagship family technology vehicle, Ideal MEGA. We believe that the launch of Ideal MEGA will help Ideal Car achieve the goal of becoming the top-selling luxury automobile brand in the Chinese market by 2024," said Li Xiang, Chairman and CEO of Ideal Car.
As of August 31, 2023, Ideal Car has 346 retail centers covering 130 cities nationwide, as well as 324 after-sales service and authorized body repair centers covering 220 cities.