
Li Auto Recalls Staff Amid Layoffs Impacting R&D and Testing
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.
Showing 12 of 213 posts with this tag
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.
Chinese automaker Li Auto released its unaudited financial report for the first quarter of 2022 on Tuesday. The company garnered a total revenue of 9.56 billion yuan ($1.42 billion) in Q1.
Li Auto announced that its new SUV, the L9, will be unveiled on April 16, 2022 with a price range of 450,000 yuan to 500,000 yuan ($70,815-$78,683), depending on different configurations.
On Friday, media reports suggest that Li Xiang One had filed for listing on the Hong Kong Stock Exchange in May. The listing follows Xpeng Motors' method of a dual listing, one in Hong Kong and the other overseas. Goldman Sachs one of the underwriters of the deal. Li Xiang One did not respond.
Chinese fast-growing electric vehicle maker Li Auto kicked off trading on July 30 on the Nasdaq Global Market with its share price soaring 43.13% from its IPO price of $11.5.
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 Thursday, Chinese electric vehicle maker NIO successfully listed on the Hong Kong Stock Exchange. The company's ticker symbol is "9866" and the stock closed at HK$158.90 today, after trading as high as HK$169.5.
Li Auto will solve the appearance issues of battery electric products while providing users with over 2,000 supercharging stations upon delivery. It hopes to enter the first tier of high-end pure electric products within two years.
Chinese electric vehicle maker XPeng sold less than 10,000 units in both October and November, falling behind its rivals. Behind these challenges are reportedly organizational deformities.
China's National Development and Reform Commission and the Ministry of Industry and Information Technology issued a notice aiming to revitalize the industrial economy and promote high-quality industrial development.
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.
A Li Auto car owner in Shanghai claimed recently that when he was driving at night, the central control screen suddenly showed that a person was following directly behind the vehicle, but upon checking, he found that there was nothing.