Smart and Sustainable Electric Mobility
The Li Mega has received a lot of attention and popularity since its launch, Li Auto said, without disclosing the number of orders.
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Li Auto is set to take deliveries to the next level in the fourth quarter and is expected to see monthly deliveries of more than 40,000 units, the company's CEO said.
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In early June, a media report said Li Auto's Beijing plant is expected to be completed and start production in August.
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Li Auto's Beijing plant is expected to see its first vehicle roll off the line by September, a local media report said in March. | Li Auto US | Li Auto HK
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Li Auto's (NASDAQ: LI) Beijing plant, which is expected to be used first to produce its first all-electric model, doesn't appear to be far from the start of production.
Li Auto's plant in Beijing's Shunyi district is expected to be ready for production in August, and the company's first all-electric model, internally codenamed W01, will be built there, local media outlet Meiren Auto reported today.
The extended-range electric vehicle (EREV) maker is conducting mass hiring for the plant, though many candidates will need to start work in August after the plant's production lines are installed, according to the report.
The plant currently has more than 50 people on the shop floor, including more than 20 welders and 30 final assembly workers, the report said, citing a person already on board.
Li Auto, when asked about the plant, did not deny the report, saying the company is indeed actively preparing for the plant, according to the National Business Daily report.
The plant was originally Hyundai's first factory in China, but production had been halted since April 2019.
Li Auto began building its own facility based on the plant in October 2021, with a total area of 270,000 square meters for conversion and expansion and a total project investment of more than 6 billion yuan ($843 million), with production scheduled to begin in late 2023, according to a government announcement at the time.
Upon reaching production, the plant will achieve an annual capacity of 100,000 units of pure-play electric vehicles, the Shunyi district government said in the announcement at the time.
On March 15, an article posted on a WeChat account owned by local media outlet Beijing Daily said the Li Auto Beijing plant is expected to see its first vehicle roll off the line by September this year.
The Beijing plant is used to produce all-electric models with a design capacity of 100,000 units per year, Li Auto management said in a call with analysts following the company's first-quarter earnings announcement on May 10, adding that the company will optimize its production lines and production efforts in the future in response to more model launches and demand.
Li Auto's plant in Changzhou, Jiangsu province, has two production lines, one of which is used to produce the Li L9 and Li L8, with a capacity of 20,000 to 25,000 vehicles per month in double-shift production, its management said during the call.
The other line, which produces the Li L7 and Li L8, is currently a single-shift line with a capacity of 10,000 to 12,000 per month. Further capacity can be ramped up later, depending on the demand for deliveries, the company said.
Li Auto delivered 28,277 vehicles in May, up 145.97 percent year-on-year and up 10.11 percent from April, the third consecutive month to exceed the 20,000-unit mark.
($1 = RMB 7.1183)
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Li Auto's first all-electric model will go into production at its Beijing plant, with an annual capacity of 100,000 all-electric vehicles in the first phase.
Li Auto US | Li Auto HK
(A rendering of Li Auto's factory posted on Weibo by Beijing Shunyi district authorities.)
Li Auto's (NASDAQ: LI) plant in Beijing, where it is headquartered, is expected to be operational by September to produce its first all-electric model.
Li Auto's manufacturing site in Beijing -- built on the site of the original Hyundai No. 1 plant -- is expected to see its first vehicle roll off the line by September of this year, according to an article published yesterday by a WeChat account owned by local media outlet Beijing Daily.
The article said Beijing officials toured the factories of automakers including BAIC and Li Auto in the city's Shunyi district on March 14.
Yin Li, party chief of Beijing, checked out the construction of Li Auto's Beijing plant and the current operation of its pilot production center, according to the report.
He asked Beijing government authorities to support Li Auto's development in the city by providing smooth services and helping the company resolve difficulties.
Yi said he hoped Li Auto would stay rooted in Beijing and accelerate the start-up of projects under construction, according to the report.
Li Auto's current vehicles -- the Li L7, Li L8 and Li L9 -- are all extended-range electric vehicles (EREVs), all produced at its plant in Changzhou, Jiangsu province, in eastern China.
On October 16, 2021, an announcement from Beijing's Shunyi District government said that Li Auto had officially started construction of its manufacturing site in the district, with production scheduled to begin by the end of 2023.
Upon reaching production, the plant will achieve an annual capacity of 100,000 units of pure-play electric vehicles, the announcement said.
The plant was originally Hyundai's No. 1 factory, but production had been halted since April 2019.
A Beijing Daily report at the time cited officials from the Beijing Municipal Development and Reform Commission as saying that Li Auto had utilized 60 percent of the plant's original resources, maximizing the existing stock of plant resources.
On March 14, the Shunyi district government said in a post on its official Weibo account that Li Auto's factory in Beijing would be reviewed for production qualifications in the near future.
Li Auto's first all-electric model will go into production at the plant, with an annual capacity of 100,000 all-electric vehicles in the first phase, according to the post.
Li Auto's official Weibo account, which reposted the post, added that the second phase of the Li Auto industrial park, its R&D office center here, is also under construction.
The company's first all-electric model is expected to be an MPV.
In terms of product form, an SUV with extended-range technology would be a more appropriate choice. Li Auto's future pure electric models will bring a product completely different from any form currently on the market and will not have an impact on existing products, Li Xiang, founder, chairman and CEO of Li Auto, said on Weibo in June last year.
In July last year, a model suspected to be Li Auto's MPV was seen appearing in front of Li Auto's Beijing R&D headquarters.
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