Lates News

Daiwa has recently released a research report and, after communicating with management, has reevaluated their valuation model and still believes in Ideal's long-term growth potential in vehicle upgrades and overseas expansion. Ideal Motors plans to launch a new electric SUV i8 in July to August this year, and may introduce two new models, i8 and i6, by the end of the year, with prices ranging from 200,000 to 400,000 yuan. Daiwa expects sales to gradually increase throughout the year and reiterates its "outperform" rating, raising its target price for Ideal Motors' US stocks from $23.4 to $32.5.