Category: Li Auto

Li Auto will let two technology lines develop in parallel, including optimizing the range extender for greater efficiency and making pure electric vehicle technology better, its CEO said last month.  Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) is making the transition to pure electric vehicles, and that day may come sooner than many expected.

On April 18, the first day of the Shanghai auto show, Li Auto's all-electric solution will be officially unveiled with the launch of a "dual-energy strategy," the new energy vehicle (NEV) maker announced on its social media platforms late last night.

The upcoming biennial Shanghai auto show will be held at the National Exhibition and Convention Center from April 18-27, with press days from April 18-19 and professional visitor days from April 20-21, while the general public can enter from April 22-27.

Li Auto did not provide any additional information on its all-electric solution, saying only that those interested can visit its booth #6A04 in Hall 6.1 during the Shanghai auto show to learn more.

"We'll be waiting for you at the Shanghai auto show from April 18-April 27, 2023," Li Auto said.

Here's a map of its booth location at the Shanghai auto show, as announced by Li Auto.

Li Auto's current vehicles on sale -- Li L7, Li L8 and Li L9 -- are all extended-range electric vehicles (EREVs) with an electric range of around 200 kilometers and can be refueled.

In terms of product form, SUVs with extended-range technology are a more appropriate choice, and Li Auto's future pure electric models will bring products that are completely different from any other form currently on the market and will not impact existing products, Li Xiang, founder, chairman and CEO of Li Auto, said on Weibo last June.

For pure electric models, Li Auto will launch a product similar to the L series to meet demand in the RMB 200,000 ($2,9100) - $500,000 price range, the company's management said in a call with analysts on February 27 after announcing its fourth-quarter earnings.

Infrastructure is critical for future all-electric models, and users will need a charging experience close to that of a fuel car. Li Auto will use 800 V technology and has built its own silicon carbide module factory, its management said.

Real-world measurements show that Li Auto's products can save about 15 percent of battery capacity compared to mainstream 400 V, IGBT module products, resulting in significant cost reductions, according to the call.

Li Auto will allow two technology lines to develop in parallel, including optimizing the range extender for higher efficiency and making pure electric vehicle technology better, Li said in a March 2 media communication.

Early last month, one of Li Auto's under-construction 800 V charging stations was seen at a highway service area in China, sparking widespread discussion in the Chinese community.

On March 10, 36kr cited sources familiar with the matter as saying that Li Auto's infrastructure build-out will see an "NIO pace" and that the company has set a goal of building about 300 supercharging stations within the year, with about 10 already deployed in highway service areas.

The move is in preparation for the launch of Li Auto's first all-electric model, which will be an all-electric MPV expected to be released by the end of 2023, and ultra-fast charging will be one of the highlights of the vehicle, according to the report.

($1 = RMB 6.8758)

Li Auto to build charging stations at 'NIO pace', report says

The post Li Auto to unveil all-electric solution on Apr 18 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

This article is being updated, please refresh later for more content.

Li Auto delivered 20,823 vehicles in March, the second time after last December that it exceeded 20,000, figures released today show.

This represents a 25 percent increase over February's 16,620 vehicles and an 88.72 percent increase over the 11,034 vehicles delivered in the same month last year.

The deliveries are the second highest for a single month since Li Auto's inception, after the previous record high of 21,233 vehicles in December last year.

Li Auto delivered 52,584 vehicles in the first quarter, up 65.8 percent year-over-year and up 13.53 percent from the fourth quarter last year.

The company provided guidance of 52,000 to 55,000 vehicles delivered and revenue guidance of RMB 17.45 billion to RMB 18.45 billion for the first quarter when it announced its fourth quarter earnings on Feb. 27.

As of March 31, 2023, the cumulative deliveries of Ideal Vehicles were 309,918 vehicles.

The following is a press release from Li Auto and the CnEVPost article is being updated.

Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year.

This took the Company's first quarter deliveries to 52,584, up 65.8% year over year. The cumulative deliveries of Li Auto vehicles reached 309,918 as of the end of March.

“We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation. As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China's premium NEV manufacturers to achieve this milestone,” commented Xiang Li, chairman and chief executive officer of Li Auto.

“We are also very excited to see that Li Auto has captured nearly 20% market share in the RMB300,000 to RMB500,000 SUV market in China, and become a brand of choice among premium family SUVs, demonstrating our product strengths and users' widespread recognition. Finally, we will begin to deliver Li L7 Air and Li L8 Air in April.”

As of March 31, 2023, the Company had 299 retail stores in 123 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.

The post Li Auto delivers 20,823 vehicles in Mar, up 25% from Feb appeared first on CnEVPost.

For more articles, please visit CnEVPost.