AutoBeta(AutoBeta.net)03/23 Report--

On March 23, the Ministry of Industry and Information Technology announced the list of models that plan to cancel the catalogue of energy-saving new energy vehicles enjoying vehicle and vessel tax relief and the catalogue of new energy vehicles exempted from vehicle purchase tax.

In the catalogue of new energy vehicles exempt from vehicle purchase tax, a total of 21 passenger cars are to be cancelled, including BYD E5, BYD E6, BYD Qin Pro, BAIC EU300, BAIC EX400 and other models. In addition, the ideal ONE LXA6500SHEVM1 is also on the list.

It is understood that the ideal car is currently only the ideal ONE model on sale, the official guidance price is 328000 yuan, after the abolition of vehicle purchase tax, consumers need to spend more money to buy a car. Based on the news, ideal car fell about 4% at one point in pre-market trading.

In response to the news, ideal Motors responded on Weibo that "Today, the MIIT released a list of models that have revoked the catalogue of new energy vehicles exempt from vehicle purchase tax. The model whose ideal ONE has been cancelled is LXA6500SHEVM1, which is no longer on sale, so it was automatically revoked by MIIT one year after the declaration." The model of the ideal ONE on the market is the LXA6500SHEVM2, which is not affected in the tax-free model catalogue. "

In fact, when declaring product information, car companies will declare multiple versions at the same time, and eventually models that are not put on the market in mass production within 12 months will be disqualified from purchase tax subsidies, and will not be affected by cash models on sale.

In the product launch, the ideal car has a clear plan. In February this year, Li Xiang said in his internal letter that he will provide more intelligent electric vehicles in the future, including a variety of products of the second generation extended range electric X platform, a variety of products of high voltage pure electric Whale platform, and a variety of products of high voltage pure electric Shark platform, covering the price range of 15-500000. Li Xiang said that the strategic goal of ideal car in 2025 is to gain 20% market share and become the number one smart electric vehicle company in China.

According to the financial report, the total revenue of the ideal car in 2020 was 9.46 billion, up 3226.3 percent from the same period last year; the net loss was 151.7 million yuan, down 93.8 percent from the same period last year; and the gross profit margin was 16.4 percent, compared with 0.09 percent in 2019.

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