Lyon: Maintain Ideal Car "Outperform Market" rating, first quarter performance meets expectations.

Lyon released a research report indicating that Ideal Motors' performance in the first quarter met expectations, with sales increasing by 16% year-on-year and the car loan rate rising to 19.8%. Management revealed that the expected release dates for the Ideal i8 and i6 models are in July and September respectively. Lyon expects the sales performance of the new models to become the next focus for investors, and anticipates that the i8 will use the latest self-developed VLA module to provide top-tier advanced driving assistance experience for car owners. The bank maintains its "outperform the market" rating, with ADR and H share target prices unchanged at $36 and 140 Hong Kong dollars respectively.