ACCORDING TOCC Research Report, ideal automobile (2015.HK) achieved delivery of 12,268 units in January, +128.1% year-on-year, -12.9% month-on-month, and delivered more than 10,000 vehicles for three consecutive months; affected by the Spring Festival factor, the performance of the industry was basically flat, in line with the bank's expectations, maintaining the "outperform industry" rating, with a target price of HK$146.
The bank believes that the ideal of 2022 will open a new product cycle and steadily move from large items to diversification; Equipped with NvidiaOrin high-power chip and lidar, the smart luxury SUV X01 is planned for mass production at 3Q22, and the bank expects that the full new range device developed in cooperation with Xinchen Power is expected to be installed in X01, driving the overall power performance to continue to improve. In addition, based on the new X platform, the bank expects the X01 to be expected to introduce more experiential in-car smart cockpit functions.
Looking ahead, the bank believes that the ideal patience to control the rhythm of product launch, adhere to the "explosive" strategy of large single products, has internalized the consumer demand insight and product polishing ability presented on the ideal ONE into a "strong product force gene", accompanied by a rich follow-up product line, is expected to blossom in various market segments, and long-term growth can be expected.
![CICC: Optimistic about the development of the medium- and long-term autonomous driving industry Manufacturers with advantages on the data side are expected to take the lead in achieving breakthroughs[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)