Rare and Impressive: Ideal Motors Posts Steady Growth, Solidifies Position as China's Only Company to Reach Over Billion Yuan in Revenue

Ideal Motors, a leading Chinese automaker, has announced its fourth-quarter and full-year financial reports for 2024. The company saw a net profit of 35 billion yuan during the quarter, increasing by 22% compared to the same period last year.

In terms of revenue, Ideal Motors generated an impressive 443 billion yuan in sales during the quarter, while total sales reached 5 million units, exceeding previous records. For the full year, the company achieved a net profit of 80 billion yuan and demonstrated remarkable growth, with total revenue reaching over 1.4 trillion yuan.

Ideal Motors also emphasized its commitment to innovation, stating that research and development (R&D) spend will continue to rise for the next several years. The company's latest R&D achievements include enhanced smart driving technology and improvements in AI-powered products, making it an industry leader in automation and human intelligence.

Ideal Motors Takes the Lead with Enhanced Smart Driving Technology

The automotive company showcased its latest innovations, aiming to strengthen business operations through advanced smart driving systems and optimized management techniques. Ideal Motors boasts a unique AI strategy, providing users better experiences through smart driving capabilities, comprehensive product features, and seamless services. To boost production capacity and market shares, Ideal Motors focused on expanding the presence of its online business.

Moreover, Ideal Motors showcased that in addition to smart driving technology, its latest pure electric offerings had significantly improved and taken center stage as a new force on the Chinese automotive landscape.

Optimizing Operational Performance

Following continuous growth over several years at the company, Ideal Motors took additional steps for operational optimization. With renewed determination to solidify leadership by creating the right ecosystem of strategic partners, service providers, and cutting-edge hardware platforms, a long-term development strategy is in place.

Ideal Motors announced that it was planning two expansion periods between Q2 2025 and Q4 2026 as well as Q3 2026 and Q1 2027 to further invest into smart mobility technology research and the global marketing of its products.

Ideal Motors emphasized an impressive commitment to technological growth at a company-wide level. In a statement announcing a new AI system, it shared with staff their determination to continue fostering innovation through various methods across all facets of our business.