AutoBeta(AutoBeta.net)10/03 Report--

The beginning of 1 to 10 ideal cars also marks the beginning of hundreds of billions of dollars in revenue, ideal Motor said in a post on its official Weibo account today. At the same time, it also released a long picture to introduce the core technology, supply chain system and intelligent building capability of the ideal car. In terms of core technology, it introduces the extended range electric 2.0 system, the comprehensive layout of 800v high voltage platform, intelligent space Li Ai self-research and so on. The ideal automobile self-built supply chain system, and introduces its production base and annual production capacity. In the aspect of self-built intelligent manufacturing base, it introduces the self-built factory and the R & D investment in the production line to make the machine more intelligent.

At the end of the long picture, ideal car founder Li Xiang also left a message saying, "the beginning of ideal car from 1 to 10 marks the beginning of hundreds of billions of income scale. We spent three years and 10 billion level of technology research and development investment." it has realized the full stack self-research of the core technology. Self-built supply chain system through self-built factory and holding joint venture company to ensure the landing of core technology, as well as the stability of quality and supply; adhere to self-built intelligent manufacturing base as the only production mode, and make a large amount of R & D investment in the production line itself to make the machines of the production machines more intelligent and steadily expand the production scale. We have mastered the core technology, the core supply chain and the intelligent manufacturing. We hope to deliver the best industrial products and intelligent technology in the world to more families at the most reasonable price in the stage 1 to 10. "

In response, some netizens commented on the Weibo post: in the field of self-driving, full-stack self-research generally refers to independently completing the development of the whole process of self-driving perception and decision-making algorithms, vehicle control strategies, underlying systems and testing. To put it simply, in addition to the hardware can be purchased, all the software is done by yourself, and all the links of development are completed independently without relying on the supplier. As for the netizen's comments, the ideal car also replied: thank you for the interpretation!

It is worth noting that doing self-research also represents the need to invest a lot of time, manpower and money. Li Xiang said in an earlier post on Weibo that in the early days of the company, due to the poor financing level of individuals, the limited funds could not support self-research on smart driving technology. He pointed out that it was not that the team did not want to do self-research, but that the money raised barely met product research and development, self-built factories, supply chain and service system construction, as well as team payroll. At the same time, it said that the situation has a fundamental turning point after the ideal car ipo in 2020, that is, it has the money to engage in technology research and development, not just product research and development.

In addition, Li tie, co-founder and CFO of ideal Automobile, also revealed at the second quarter of 2021 that the research and development cost of ideal car will reach 1 billion US dollars in 2023, mainly for the research and development of new models, self-driving functions and new functions independently developed in the next 2-3 years, as well as research and development of future intelligent technologies.

According to the second-quarter results released by ideal Automobile, the R & D cost of ideal car was 1.53 billion yuan in the second quarter of 2022, an increase of 134.4% year-on-year and 11.5% month-on-month. It is understood that this growth is mainly due to the increase in the salary of employees as a result of the increase in R & D personnel, and the increase in related expenditure due to the increase in R & D activities of new models to be launched in the future. The increase in R & D costs has to some extent increased the loss of ideal cars in the second quarter. In terms of net profit, ideal Motor posted a net loss of 641 million yuan in the second quarter, an increase of 172.2 percent from 236 million yuan in the second quarter of 2021, and a net loss of 10.9 million yuan in the first quarter of 2022.

Of course, self-research by car companies also means that they can take the initiative of technology in their own hands. In terms of efficiency, self-research can enable enterprises to make adjustments in a shorter cycle, quickly iterate and optimize various functions to enhance the user experience. But from a financial point of view, doing self-research also means that more funds are needed. Ideal car founder Li Xiang once said: the core purpose of ideal car IPO is research and development. In the car manufacturing industry, the more money, the better. Ideal cars do not mind acquiring capital reserves in any way, including financing from the secondary market, bank loans and bond issuance. Li Bin of Xilai has also said that building a car is a very expensive thing, so if a start-up wants to build a car, it needs at least more than 40 billion of the capital, otherwise it will not be done well.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat