Chinese electric vehicle maker Li Auto now expects its deliveries for the third quarter of 2022 to total around 25,500 units, significantly lower than previous forecasts, the company stated on September 26.
Nasdaq-listed Chinese new energy vehicle company Li Auto has recently set up a new automobile services company in Shanghai. The registered capital of the firm has reportedly reached 1 billion yuan ($140.4 million).
On the evening of September 22, Chinese new energy automobile company Li Auto announced that the new generation of its Li ONE, the Li L8, will be announced at a press conference on September 30, and will start delivery in early November.
Li Auto previously confirmed it would stop production of Li ONE as it prepares to launch an updated version named the Li L8, accompanied by a price reduction promotion. This series of moves angered many Li ONE consumers who had just bought the car at the original price.
On September 13, the topic of "Li Auto's President cashed out over 90 million yuan ($12.9 million)" aroused a firestorm of debate in China.
As of September 7, three leading Chinese new energy vehicle (NEV) enterprises, including NIO, XPeng Motors and Li Auto, had successively released their financial reports for the first half of 2022. The combined losses of three firms amounted to nearly 9.6 billion yuan ($1.38 billion).
Owners of Li Auto's Li ONE model have been registering online complaints regarding the firm's September 1 announcement that it will be upgraded and sold with a discount of $2,885, and that production of the vehicle will be stopped next month.
On August 31, Li Xiang, CEO of Chinese new energy vehicle brand Li Auto, revealed that the Li L8 smart SUV will be available in six-seat and five-seat models.
Li Auto has recruited a new head for its forward-looking technology R&D business – Xie Yan, the former vice president of Huawei's Consumer BG Software Department and the head of its Terminal OS Department.
Due to recent power issues in central China's Sichuan, the supply of Li Auto's range extender factory in the province has been affected, leading to delays in the delivery of its smart flagship SUV, the L9.
On August 24, Beijing-based Li Auto announced that it has started building an R&D and production facility for power semiconductors in the High Tech Industry Development Zone, Suzhou, Jiangsu Province.
On August 22, Leiniao, an AR brand established by Chinese electronics company TCL, announced its cooperation with Li Auto.
Chinese EV maker Li Auto announced on August 18 that the Li L9, an intelligent flagship SUV, has officially rolled off the production line at the firm's Changzhou Base, and will be delivered across the country soon.
Li Auto, a Chinese new energy automobile enterprise, held a signing ceremony on August 17 to announce that it will build an international new energy automobile core parts industrial park in Changzhou, Jiangsu Province.
On August 15, Li Auto's CEO Li Xiang revealed the EV maker's future models.