On January 1st, Gelonghui reported that Ideal Autos-W (02015.HK) announced that in December 2024, Ideal Autos delivered 58,513 new vehicles, a year-on-year increase of 16.2%. In total, Ideal Autos delivered 500,508 vehicles for the entire year of 2024, with a historical cumulative delivery of 1,133,872 vehicles.
In December, Ideal Autos achieved a record monthly delivery high. Since its inception in deliveries, the company has set the fastest record for a luxury automobile brand to reach over 0.5 million annual deliveries in the Chinese market in five years. The Ideal Students APP is now available for mobile users to download, creating value for more users. The OTA 7.0 version of the vehicle system will initiate user PUSH in January, upgrading the High-Speed NOA to an end-to-end technical architecture. Consequently, Ideal Autos' fully self-developed end-to-end (E2E) + visual language model (VLM) dual system will bridge the boundary between urban NOA and high-speed NOA, achieving full-scenario end-to-end capabilities. Additionally, Ideal Autos will introduce the first intelligent reasoning visualization feature, allowing drivers to understand the thinking and execution process of the intelligent system, thereby using smart driving functions with greater peace of mind.
As of December 31, 2024, Ideal Autos has established 502 retail centers nationwide, covering 150 cities; there are 478 after-sales maintenance centers and authorized painting centers, covering 225 cities. Ideal Autos has put into operation 1,727 Ideal Charging Stations nationwide, with 9,100 Charging Stations available.
