Tramway News: Recently, an environmental impact assessment of Ideal Automobile was transmitted online that Beijing Ideal Automobile Co., Ltd. has started a new intelligent manufacturing plant with an annual output of 100,000 pure electric passenger cars and is expected to be officially completed and put into operation in 2023.
Judging from the exposed information, the total investment of the project is 6.493 billion yuan, and the total annual profit of normal production after production is 137534 million yuan, and the net profit is 1031.5 million yuan. The project plans to lease the land and vacant factory buildings of the former Beijing Hyundai First Factory, and build a new four major process production workshops of stamping, welding, painting and assembly.
It is worth noting that in June this year, some media reported that Ideal Automobile would invest 6 billion yuan to accept the first factory of Beijing Hyundai and invest in a new production base, but both sides denied it at the time.
However, later, Ideal Auto released a set of recruitment information, and these recruitments were marked as urgent, and the recruitment location was Beijing Shunyi, which also indirectly proved that Ideal Automobile's project to acquire The Beijing Hyundai Shunyi factory was underway.
It is reported that the first factory of Beijing Hyundai has long been suspended, with an annual production capacity of 300,000 vehicles before the suspension. After Ideal takes over and puts into production, it will greatly expand the production capacity of Ideal Automobile and help it complete its subsequent sales targets.
According to Ideal Auto's previous Hong Kong stock prospectus, Ideal will build two high-voltage pure electric vehicle platforms - Whale and Shark, and launch at least two high-voltage pure electric vehicle models per year from 2023.