Li auto is a chinese automobile manufacturer that emerged from a start-up company. The company focuses on the development of electric and hybrid cars and related technologies.
Li car – history and structure
Li auto was founded in april 2015 under the name beijing CHJ by li xiang, after whom the company is named. in 2017, an umbrella company was registered in the cayman islands, which later adopted the name li auto. In July 2020, the company went public on the nasdaq in the USA.
The corporate structure makes use of variable interest entities (VIE) for legal reasons. These are companies in china that take over the actual business activities and production, in the case of li auto especially beijing CHJ.
They are formally independent of the parent company, but are contractually obligated, for example, to leave all profits to it.
The company is headquartered in beijing, where its research and development department is located. The vehicles are manufactured in changzhou in the eastern chinese province of jiangsu. the company also has a subsidiary in hong Kong.
Li auto – products
Li auto develops, manufactures and sells cars that are "new energy vehicles" (NEV) with alternative propulsion technology. This category is subsidized by the Chinese government and includes electric and fuel cell vehicles as well as plug-in hybrids.
One of the company’s goals is to offer models with increased range compared to conventional electric cars. As a result, plug-in hybrid technology was used initially. Another focus is on driving assistants and "smart" electronic components.
The first model, the li one, was unveiled in 2019; the first examples were delivered to the chinese market at the beginning of 2020. It is an SUV with all-wheel drive, equipped with two electric motors and a gasoline engine as a range extender.
Li auto – market and competitive environment
Li auto focuses on the premium segment of the chinese automotive market. An important partnership exists with the US semiconductor company nvidia, which provides processors for the internal computer system. Other technology partners and suppliers include bosch, CATL, qualcomm and saint-gobain.
Among local competitors, nio, WM motor and xpeng, which also focus on the NEV sector, are particularly noteworthy, as are BAIC, geely, GAC, SAIC and BYD auto, which are more broadly positioned.
Internationally, the competitive environment includes manufacturers such as tesla, BMW, daimler, the VW group, mitsubishi, toyota and the hyundai group.
Li auto: electric car manufacturer clearly beats nio, but remains behind xpeng
BEIJING (IT-times) – Chinese electric car maker li auto today announced its delivery figures for the month of december 2021, again outpacing domestic competitor nio.
Li auto again sells significantly more electric cars than rival nio
BEIJING (IT-times) – chinese electric car maker li auto today announced its delivery figures for the month of november 2021, again beating domestic rival nio.
Li auto: BYD follower surprises wall street with electric car sales forecast
BEIJING (IT-times) – chinese electric car producer li auto today released its results for the third quarter of the current fiscal year 2021, achieving quarterly sales of one billion for the first time [more]… US dollar.
Li auto sells more electric vehicles than rival nio
BEIJING (IT-times) – chinese electric car producer li auto today announced its delivery figures for the month of october 2021 and managed to beat domestic rival nio.
Li auto is outpaced by nio and xpeng in e-car sales
BEIJING (IT-times) – chinese electric car maker li auto today announced its delivery figures for the month of september 2021, losing out to rivals nio and xpeng.
Li auto lowers sales forecast for its own electric cars
BEIJING (IT-times) – chinese electric car maker li auto today announced it would lower its planned delivery figures for the next quarter.
Li auto beats nio and xpeng again in e-car sales
BEIJING (IT-times) – chinese electric car maker li auto today announced its delivery figures for the month of august 2021 and once again caused a surprise.
Li auto: BYD successor reports higher loss – share price falls sharply
BEIJING (IT-times) – chinese electric car maker li auto today released its results for the second quarter of the current fiscal year 2021, confirming its high growth rate.
Li auto – share: electric car startup with floppy stock market debut in hong kong
BEIJING (IT-times) – chinese electric car maker li auto began listing its shares in hong kong today, ending its debut day with a loss.
Li auto: electric car startup sells stock in hong kong initial public offering only at a deep discount
BEIJING (IT-times) – chinese electric car producer li auto has now announced its asking price for the additional listing of its shares in hong kong and caused a surprise.
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