Goldman Sachs published a research report stating that Ideal Auto's gross profit and GAAP net profit in the first quarter of this year were 6% and 21% higher than the bank's expectations, mainly due to higher car sales. The bank raised its H-share target price from HK$124 to HK$138 and its US stock target price from US$31.7 to US$35.3, giving it a "buy" rating. The report mentioned that it is expected that the L series facelift and MEGA home version, combined with the continuous OTA service software update, will drive sales in the second and third quarters. In addition, the bank expects the group's upcoming BEV new models i8 and i6 to be competitive, with average monthly sales of 6,000 and 10,000 units respectively, further boosting sales in the fourth quarter of this year, and the development of AI technology will also help reduce R&D expenses. The bank expects GAAP net profit for the second quarter and full year of this year to increase by 48% and 35% year-on-year, respectively, and will raise its net profit forecast for 2025 to 27 by up to 20%.