June 25, 2022

In line with Qichacha APP, an associate of automaker Li Auto, Main Best HK Restricted, has arrange a wholly-owned subsidiary in Sichuan province. The brand new corporate, Sichuan Best Zhidong Generation Co., Ltd., is being legally represented via George Li and has a registered capital of 100 million yuan ($14.85 million).

The brand new corporate’s industry scope comprises the design and repair of built-in circuit chips, the producing of vehicle portions and equipment, the gross sales {of electrical} equipment for brand spanking new power automobiles along with the gross sales of NEVs.

Li Auto launched its monetary document on Would possibly 10 appearing that the corporate had completed a income of 9.56 billion yuan within the first quarter, a year-on-year building up of 167.5%. The corporate used to be additionally ready to ship a complete of 31,716 Li ONE fashions, a year-on-year building up of 152.1%. Its general funding in R&D in Q1 used to be 1.37 billion yuan, a year-on-year building up of 167.0% whilst, on the identical time, its working money glide in Q1 used to be 1.83 billion yuan, up 98.0% year-on-year. As of the top of Q1, Li Auto‘s money reserve reached 51.19 billion yuan.

The corporate mentioned it won numerous orders from customers however used to be beneath some issue as now not all providers have resumed complete manufacturing.

Li Xiang, founding father of Li Auto, talked in regards to the corporate’s long term product making plans announcing that the good fortune of the Li ONE has given the corporate a type on which to give next merchandise. The most productive presentation of extended-range EVs is the SUV, as observed with the Li ONE. Natural EVs function other frame shapes, and their costs fluctuate from 200,000 yuan to 500,000 yuan. Li Auto

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plans to release one type for each and every 100,000 yuan increment.

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Taking a look in opposition to the corporate’s 2025 technique and product making plans, Li Xiang mentioned: “Li Auto will liberate 3 new automobiles, together with the L9. The brand new merchandise will quilt a era of extended-range flagship fashions and the brand new BEV high-voltage platform fashions.”