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An Li Auto Store in Hangzhou

Customers are looking at electric cars at a Li Auto store in Hangzhou, East China's Zhejiang province, on February 27, 2024. On the evening of February 26, Ideal Automobile released its annual financial report, revealing that the revenue of Ideal Automobile in 2023 was 123.85 billion yuan, marking an increase of 173.5%. The net profit reached 11.81 billion yuan, and the gross profit margin for the year was 22.2%, making it the first new power car enterprise in China to achieve an annual profit. (Photo by Costfoto/NurPhoto)

Photo ID	#11031780
Date Taken	27 February 2024
Location	N/A
Photographer	Costfoto/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Costfoto/NurPhoto

Store retail new energy trade Li Auto Hangzhou China February 27 2024 Electric Cars Li Auto Store Zhejiang Province Ideal Automobile Annual Financial Report Revenue 123.85 Billion Yuan Increase 173.5% Net Profit 11.81 Billion Yuan Gross Profit Margin 22.2% New Power Car Enterprise Annual Profit Costfoto NurPhoto Customers Automotive Industry Chinese Market Financial Performance Profitability Electric Vehicle Sales Automotive Retail Fiscal Year Economic Growth Market Expansion Sustainable Transportation Clean Energy Vehicles Financial Results Business Success.