AutoBeta(AutoBeta.net)04/22 Report--

On April 21, the Securities and Exchange Commission (SEC) announced that ideal Automobile (LI-US) and Luckin Coffee and other companies had been added to the "pre-picked" list. SEC said that the deadline for companies on the "pre-picked" list to submit their claims was May 12, local time. According to the legal documents on SEC's website, companies on the "confirmed delisting list" are required to submit documents required by SEC within three years (calculated from the disclosure of the first annual report and 2021 as the first year). If companies on the "delisting list" fail to submit documents or do not meet SEC requirements, they will face delisting immediately after the disclosure of their 2023 annual report (early 2024).

Ideal Automobile is the first new car-making company to be included in the "pre-delimited list". In response to the fact that Chinese stocks have been included in the "pre-unlisted list", ideal Automobile responded that being included is not the same as delisting in the United States. according to relevant regulations, companies will be restricted from trading in US stocks only if they have not opened their audit papers to the United States for three consecutive years. Ideal Automobile said: "as a company responsible to investors, we have been actively looking for solutions and actively cooperate with the work related to the audit manuscript in accordance with the regulatory requirements at home and abroad." In addition, the company completed its major listing in Hong Kong last year, and the shares of the two places can be exchanged, and investors in US stocks can be converted to hold in Hong Kong at any time. The listing status of major listings in Hong Kong will not be affected by the relevant regulation of US stocks (unlike the secondary listing in Hong Kong). The above will not have any impact on the actual business operation of the company.

Data show that ideal car founder Li Xiang is a famous continuous entrepreneur in China, who founded the computer hardware website Bubble and Automobile Home, the most visited automobile website in the world. In July 2015, Li Xiang entered the car manufacturing company and created the ideal car. To become one of the three swordsmen of the new car-building forces in China (the other two are Xiaopeng car and ideal car), ideal car is headquartered in Beijing, formerly known as "car and Home". In March 2019, "che Hejia" changed its name to "ideal car", and then acquired the production qualification through the acquisition of Lifan passenger cars. The self-built factory is located in Changzhou, Jiangsu Province. On July 30, 2020, ideal Automobile was officially listed on the NASDAQ stock market under the symbol "LI". On August 12, 2021, ideal Motor is listed for trading on the main board of the Hong Kong Stock Exchange. As of April 21, ideal auto shares fell 4.34% to $22.470 per share, with a total market capitalization of 23.208 billion yuan.

As one of the new power brands of domestic car building, compared with Xiaopeng Automobile and Xilai Automobile, ideal Automobile is the new power car company with the least product planning at present. Ideal Automobile has only one product "ideal ONE", but what is different from New Power brands such as Lulai Automobile and Xiaopeng Automobile is that ideal ONE is driven by add-on programs, which can be fueled and can be powered by electricity. In October 2018, ideal ONE was officially released to the public. On April 10, 2019, ideal ONE announced its price on the market. The car only provides a top-matching model with a subsidised price of 328000. It will be mass-produced in Changzhou, Jiangsu Province in November 2019. The ideal ONE is based on the four-wheel drive electric platform and is located in the medium and large SUV. It offers 6-seat and 7-seat layout options. The body length is more than 5 meters. The power side uses an incremental power system, equipped with a 1.2T engine and three motors. Ideal ONE delivered 10, 000 vehicles on June 16, 2020; by December 18, 2020, the cumulative delivery volume of ideal ONE exceeded 30000, making it the fastest delivery record for the first model of the new car building force. On May 25, 2021, the 2021 ideal ONE model was officially launched, and the new car was upgraded with a price of 338000 yuan and 348000 yuan. In March this year, the price of the ideal car was announced, and the price of the ideal ONE was raised to 349800 yuan from the current 338000 yuan, an increase of 11800 yuan.

Reviewing the performance of the ideal car in 2021, the financial report shows that the total revenue of the ideal car in 2021 was 27.01 billion yuan, an increase of 185.6% over the same period last year, of which automobile sales revenue was 26.13 billion yuan, an increase of 181.5% over the same period last year, and a net loss of 321.5 million yuan in 2021, an increase of 111.9% over the net loss of 151.7 million yuan in 2020. In terms of new car delivery, ideal cars delivered 90491 ideal ONE in 2021, an increase of 177.4% over 32624 in 2020, ranking second in the annual sales list of New Power.

For this year's sales performance, ideal car delivered a total of 31716 new cars from January to March this year, an increase of 152.1% over the same period last year, lagging behind Xiaopeng Motor (Xiaopeng delivered a total of 34561 vehicles from January to March). But ahead of Lulai (25768 from January to March). Li Xiang, founder of ideal Motors, previously pointed out that ideal cars will sell 1.6 million vehicles in 2025, and according to forecasts, the domestic market will sell more than 8 million electric vehicles in 2025. Li Xiang believes that only by gaining more than 20 per cent market share can he become a leading enterprise. In terms of product planning, in addition to the ideal ONE, the ideal car will launch a new model-the ideal L9 within this year. Ideal L9 will be the second model under the ideal car, positioning medium and large SUV, the vehicle price range will be between 45-500000 yuan.

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