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Today, Ideal Car is officially listed on the Hong Kong Stock Exchange under the stock code "HK2015". This is also the second "new force for car building" listed in Hong Kong after Xiaopeng Automobile. Ideal Car was issued at HK$118 per share, raising a net of HK$11.6 billion. By the time of publication, the ideal car reported HK $116.8, down 1%, with a market value of 239.9 billion Hong Kong shares.

Ideal Auto said: "This listing on the Hong Kong Stock Exchange and global offering strategically broadens our access to capital, expands our investor base and further enhances our ability to scale, innovate and enter new markets." With the adoption of electric vehicles, we are excited to lead this unprecedented opportunity with industry-leading technological innovation and product capabilities. We are pleased with today's launch and will focus on our strategy to achieve sustainable growth and consistently leverage technology to create value for our users." Li wants to reveal that after returning to Hong Kong shares, the company will continue to increase investment in R & D of vehicle products and technologies. In terms of electric drive, smart cockpit and automatic driving, the layout will be strengthened.

According to the plan, 45% of the funds raised will be used to develop high-voltage pure electric vehicle technology, platforms and future models, smart cars and autonomous driving technology, and future extended-range electric vehicles;45% will be used to expand production capacity, expand retail stores and distribution service centers, launch high-power charging networks, marketing and promotion;10% will be used for working capital and other general corporate purposes.

Shen Yanan, co-founder and president of Ideal Auto, said in an interview today that after the ideal car is listed in the United States in 2020, it has launched plans to list in Hong Kong shares. There are three considerations for choosing to return to Hong Kong stocks: one is that Hong Kong's capital market is an international market; the other is that it is conducive to the company to better attract investors in the Asia-Pacific region; and the third is to realize the dual main listing of shares in the United States and Hong Kong stocks, which can help the company resist some uncertain risks. In addition, Shen Yanan also said, American shares, Hong Kong shares, A shares, are the company to expand the capital reserves of the channel, the future does not rule out the possibility of listing in A shares, at present the company has been in discussion.

According to the prospectus, the revenue of Ideal Automobile in the first quarter of 2021 was RMB 3.575 billion yuan, and the total revenue increased from RMB 284 million yuan in 2019 to RMB 9.566 billion yuan in 2020; the sales cost in the first quarter of 2021 was RMB 2.958 billion yuan, and the total sales cost increased from RMB 285 million yuan in 2019 to RMB 7.834 billion yuan in 2020. 2019-2020 In 2010, the total revenue of Ideal Automobile was about RMB 284 million and RMB 9.457 billion respectively, and the net loss attributable to ordinary shareholders was RMB 3.282 billion and RMB 792 million respectively. In the first three months of 2021, the total revenue was RMB3.575 billion, and the net loss attributable to ordinary shareholders was RMB360 million. Ideal plans to launch its first size luxury extended-range electric SUV on the X platform in 2022 and two other SUVs on the X platform in 2023. In addition, from 2023 onwards, it is planned to launch at least two high-voltage pure electric models each year.

At present, the ideal car model on sale only ideal ONE. According to relevant data, 8589 ideal cars were delivered in July, with a year-on-year increase of 251.3% and a month-on-month increase of 11.4%. From January to July 2021, the total number of ideal vehicles delivered reached 38743. Ideal Car has said it will continue to expand its user base in the future, reaching a sales target of 1.6 million vehicles by 2025, covering a wider range of household users. To achieve the goal of 1.6 million vehicles by 2025, we need to speed up the launch of products, ensure the quality of products, and at the same time need sufficient financial support.

For the ideal car listed in Hong Kong, some personage inside course of study said: The development of new car-making enterprise needs a large amount of capital support, choose to return to Hong Kong stock market at this time, conducive to its further expansion of financing channels, resist uncertain risks. Indeed, for the new force of car-building, capital is an important support for the development of its subsequent products. On the whole, the ideal car may be listed on the market or can relieve its capital pressure, but whether it can continuously obtain the fund support of the market also depends on the performance of the ideal automobile products.

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