Due to a lukewarm reception of the MEGA model and fewer orders for the L series than anticipated earlier this year, Li Auto was compelled to reduce its yearly sales forecast.
Laid-off workers from Li Auto's smart driving team say the recent staff cuts have seriously disrupted the in-house R&D and testing departments, nearly halting development.
With new energy vehicle models becoming increasingly similar in technology and design, live streaming has emerged as a valuable tool for brand recognition.
Li Auto, whose first-quarter performance didn't meet expectations, is making further organizational changes following significant layoffs and a slowdown in production.
On June 3rd, Baidu Maps released a video of the real-world testing of the Tesla-specific Baidu Maps V20 version, announcing that Baidu Maps' lane-level navigation will soon be launched on Tesla.
The annual report shows that in 2023, Faraday Future had revenue of $800,000 and a cost of sales of $43 million, both of which were zero in the same period of the previous year.
Li Auto's representatives have confirmed a substantial reduction in their workforce. The total number of employees has fallen from its peak of over 30,000 to around 22,000 during the latest layoff period.
The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.
Wang Naiyan, the former CTO of TuSimple China, will join Xiaomi Auto and report to Ye Hangjun, Chairman of the Xiaomi Technical Committee and head of Xiaomi Auto's autonomous driving.
On May 15th, BYD held a press conference in Mexico to officially launch the "SHARK" pickup truck, which will be sold in the Americas, Australia and other regions in the future.