Morning Star: Fierce competition or pressures on Ideal Car sales volume.

Morningstar analyst Vincent Sun reported that due to fierce competition in the automotive industry, overall sales of IDEAL automobiles may face some pressure. He stated that the company's net profit for the second quarter did not meet Morningstar's expectations. Considering the weak sales guidance for the third quarter, Morningstar expects the company's profits to continue to be under pressure. The contribution of pure electric vehicle models remains low. The rapid growth in IDEAL automobile deliveries will largely depend on the increase in production of pure electric vehicles in the second half of the year. Morningstar has lowered its sales forecast for IDEAL automobiles in 2025 by 14%, taking into account the sales pace so far this year and the disappointing market performance of the pure electric SUV.