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Li Auto targets 40% growth in 2026 as it steers its focus back to range-extended cars
After missing targets last year, the automaker is refocusing on what it does best.
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Li Auto
The new facility marks Li Auto’s latest move in its transformation into an “AI company.”
The automaker said its Livis device was nearly sold out within hours of launch.
Xiaomi’s EV segment turns its first profit, but Chinese industry shares sink amid a hazy outlook.
Underestimating Xiaomi’s rise was among the missteps highlighted at Li Auto’s latest strategy meeting.
Xpeng, Li Auto are developing on-vehicle AI models with billions of parameters, but size alone may not guarantee better performance.
The five-seat electric SUV is generating demand in showrooms, winning buyers who might otherwise choose Tesla’s Model Y or Xiaomi’s YU7.
Smaller players are launching affordable models in a fight for survival amid an overcapacity struggle.
The move boosts control over pricing and customization, giving the EV maker a stable, branded supply of core components.