February 5, 2023

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An organization 100% owned via Chinese language electrical automobile maker Li Auto lately bought a plot of land in Chongqing, a southwestern town in China, which brought about some dialogue concerning the building of a base within the town. Li Auto declined to remark at the topic.

In keeping with the Chongqing Public Assets Transaction Supervision Community, Chongqing Chezhiyu Automotive Trade Co., Ltd., which is 100% managed via Li Auto, gained a plot of land for approximately 431 million yuan ($67.98 million), and the transaction took place on January 27, 2022.

The announcement presentations that the venture to be constructed via Li Auto the use of this plot will get started inside of 3 months of the handover and be finished inside of 3 years after the beginning of building. Which means the venture will probably be finished via 2025 at the newest. Alternatively, the particular building plan of Li Auto for this plot has now not but been introduced.

Li Auto‘s construction has a protracted historical past with Chongqing. In December 2018, Li Auto bought Chongqing Lifan Automotive Co., Ltd. for 650 million yuan prior to acquiring the vital certifications for brand new power automobile manufacturing.

On December 15, 2021, Li Auto signed a cooperation settlement with Chongqing Municipal Govt. At the moment, Li Xiang, Founder, Chairman and CEO of Li Auto, mentioned that the corporate would building up its funding format in Chongqing and proceed to enhance its cooperation with town as an entire.

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At the moment, Li Auto has two manufacturing bases. One is Changzhou Production Base and the opposite is Beijing Inexperienced Clever Production Base this is lately being reworked.

The Changzhou Base is a self-built base of Li Auto and has an annual manufacturing capability of 100,000 devices. Over 90,000 devices of Li Auto‘s Li ONE delivered in 2021 have been all produced on the Changzhou base. A brand new workshop is below building, which is able to make the entire bade achieve an annual manufacturing capability of 200,000 devices upon crowning glory.

The Beijing Inexperienced Clever Production Base is the Beijing Hyundai No.1 Manufacturing facility taken over via Li Auto, and is now present process reconstruction and enlargement. The entire funding of the venture exceeds six billion yuan, with the reconstruction and enlargement space to be about 270,000 m². After the reconstruction, the deliberate annual manufacturing capability is 100,000 devices, of which is able to most commonly be used to supply natural electrical cars, and is deliberate to be put into manufacturing via the top of 2023.

Li Xiang wrote in an interior letter of the corporate that the function of Li Auto is to achieve a 20% marketplace percentage of China’s good electrical cars via 2025, and promote 1.6 million electrical cars yearly. Clearly, the 2 manufacturing bases lately owned via Li Auto can’t give a boost to this function.

SEE ALSO: Li Auto CTO Wang Kai to Depart Place, Resources Say

Judging from the land space of the Chongqing plot lately bought via Li Auto, its land space is 1,133,400 m², which exceeds the sum of the above two manufacturing bases and likewise implies that its designed capability will probably be more than the sum of the primary two manufacturing bases thus giving Li Auto the likelihood to reach its function.

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