On March 22, Li Xiang, CEO of Chinese electric vehicle maker Li Auto, took to social media to provide a glimpse into the company's future product plans, revealing that it will launch six new pure electric vehicles.
Since the beginning of this year, a surge in reduced car prices has swept across China, prompting many vehicle companies to participate. Nevertheless, some companies, including Li Auto, NIO, Porsche, and Audi, have no intention of following suit.
With the imminent launch of pure electric vehicles, Li Auto has set itself the goal of building about 300 ultra-fast charging stations within the year, with about 10 stations already deployed on high-speed roadways.
Li Xiang, chairman and CEO of Li Auto, revealed the electric vehicle maker's target - to occupy 35% of the passenger car market with a price range of more than 200,000 yuan ($28,997) in 2027, and to become the world's leading artificial intelligence enterprise in 2030.
Chinese electric vehicle maker Li Auto witnessed its revenue in the fourth quarter last year increase by 66.2% year-on-year to 17.65 billion yuan ($2.54 billion). Its 2022 revenue was 45.29 billion yuan ($6.53 billion), up 67.7% year-on-year.
Li Wenzhi, former head of Huawei's global human resources business partner department, reportedly joined Li Auto as CFO. However, the EV maker's founder said that Li joined the company to lead an office for the reform of management and finance, not serve as the CFO.
Chinese battery giant CATL is taking the initiative to implement a battery price reduction plan for key car companies, and put forward a price reduction requirement of about 10% to its raw material suppliers.
On February 9, Chinese electric vehicle manufacturer Li Auto launched the Li L7, its flagship five-passenger family SUV. The Li L7 lineup includes the Li L7 Air, Li L7 Pro, and Li L7 Max.
As the first electric vehicle maker with a monthly sales volume of over 20,000 units last year, Li Auto greatly reduced the year-end awards of employees. Affected by this, employees in many departments have left their jobs after the Spring Festival holiday.
Many Chinese electric vehicle manufacturers published their first performance reports of the new year on February 1. Affected by the recent Spring Festival holiday, delivery figures in January were generally unsatisfactory.
Li Xiang, the founder of Chinese electric vehicle Li Auto, revealed the cost positioning of each model on Twitter-like Weibo on January 30. However, behind last year's growth in delivery volume, many employees were disappointed about their year-end bonuses.
According to a video circulating across Chinese social media on January 29, an L9, Li Auto's newest SUV, appeared to spontaneously ignite on a roadside in the city of Jinan, Shandong Province. The fire, which was very fierce, fortunately did not result in any casualties.
On January 28, the first official working day following China's Spring Festival period, He Xiaopeng, Chairman and CEO of electric vehicle firm XPeng, issued an internal letter to all employees in which he briefly reviewed the previous year and put forward new plans for 2023.
Li Xiang, the CEO of Chinese electric vehicle maker Li Auto, released a letter to all employees on January 28, mentioning that the company expects to become the global leader in the artificial intelligence industry in 2030.
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.
Tesla China recently reduced the prices of its Model 3 and Model Y, inciting the frustration of previous buyers and driving an uptick in new customers. On January 9, Grace Tao, global vice president of Tesla, attempted to clarify the company's pricing logic.
Xiaomi's first car reportedly will be a medium-sized fastback sedan referred to by internal code "Modena," with two versions for which the prices have not yet been decided.
Li Auto, a Chinese electric vehicle company, delivered 21,233 new cars in December of last year, an increase of 50.7% year-on-year. Now, the firm expects that the monthly delivery volumes in 2023 may hit 40,000 units.
NaaS, one of the largest and fastest-growing electric vehicle charging service providers in China, announced at the end of last year that the company has appointed Alex Wu as its new CFO and President, effective January 15.