On the evening of October 9th, in response to the recent online transmission of ideal cars from the black market to about 5000 yuan / piece, at the normal price of 6 yuan / piece 800 times the price to buy thousands of electronic parking (EPB) chips, ideal car to the first financial response and denied.
In addition to the shortage of EPB chips, the ideal car millimeter-wave radar chips are also in short supply. On October 7, Ideal ONE owners received a notice called "Ideal ONE Delivery Plan Communication". Ideal Motors said there was a severe shortage of chip supplies for millimeter-wave radars due to the outbreak in Malaysia. In response to the "missing core" impact, the "3mm wave radar model" will be delivered to users first, with the remaining two millimeter wave radars to be completed between December this year and the Spring Festival next year.
Ideal official website shows that its millimeter-wave radar supplier is Bosch, On August 17, 2021, Bosch China Vice President Xu Daquan said in a friend's circle that ST's sealing plant in Muar, Mapo, Malaysia, was affected by the outbreak, which had a significant impact on the supply of chips for systems such as Bosch VCU, TCU and ESP/IPB, which Bosch expects to be largely out of service for the rest of August.
According to the September 2021 delivery data released by Ideal Automotive, Ideal Delivered 7,094 Ideal ONE units in September, an increase of 102.5% year-on-year from September 2020. But September deliveries were down nearly 2,400 from the 9,433 ideal ones delivered in August.
On September 20th Ideal Motors announced that its chip supply had not recovered as expected due to the outbreak in Malaysia, and that it had cut its third-quarter 2021 vehicle deliveries to about 245,000 vehicles.
On the secondary market, Ideal Motors shares were trading at $28.49 a share, giving it a market capitalisation of $29.4 billion, below Xiaopeng's market capitalisation of $32.2 billion and below Uler's market capitalisation of $56.8 billion. (| AI Finance News Agency Zhao Wei)