It remains to be seen if the ideal order momentum can maintain the company's target operating speed of 15,000 to 20,000 vehicles starting in the 3rd quarter.
The Zhitong Finance App learned that Morgan Stanley released a research report saying that Ideal Automobile-W (02015) delivered 25,787 cars in April. Compared with the average weekly sales volume of 5,000 to 6,000 vehicles in the first three weeks of this month, sales rebounded markedly at the end of the month by about 7,000 to 8,000 vehicles. Damo believes this may be due to discounts on L7/8/9 and Mega models on April 22.
The bank said that although it will take a few weeks of good sales data to convince investors that Ideal Auto L Series is still competitive, the bank showed through survey channels with several store managers that the weekly order volume for Ideal Auto has rebounded to the level of 15,000 vehicles, sending a good signal. However, it remains to be seen if the order momentum can maintain the company's target of 15,000 to 20,000 vehicles starting in the 3rd quarter.