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HomeNewsLi Auto to Launch Six Pure EVs, Founder Says

Li Auto to Launch Six Pure EVs, Founder Says


On March 22, Li Xiang, CEO of Chinese electrical lorry maker Li Autorequired to social networks to explain that the position of the car’s lighting system in a distributed sneak peek picture of the “W01” design is inaccurate. He likewise offered a peek into Li Auto‘s future item strategies, exposing that the business will introduce 6 brand-new pure electrical cars, consisting of a pure electrical MPV design.

Li Auto has actually formerly described its technique of looking into extended-range and pure electrical designs over the next years. Li Xiang has actually specified that a large-size SUV is not effective enough if it is simply powered by electrical energy, and for that reason Li Auto strategies to embrace various car body shapes for various power systems.

The history of Li Auto‘s choice to establish pure electrical cars can be traced back to July 2021 when the business revealed that it was establishing 2 pure electrical car platforms, specifically Whale (W Platform) and Shark (S Platform). Li Auto strategies to present 2 high-voltage pure electrical automobiles to the marketplace each year beginning with 2023.

In 2021, there were numerous contending designs in China, consisting of the BYD Han and the XPeng P7. The Tesla Model 3 had actually likewise been noted on the Chinese market for over 2 years.

Throughout the 2nd quarter 2020 monetary report teleconference, Li Xiang attended to why Li Auto did not focus on the advancement of electrical lorries. “The business will not introduce pure electrical designs up until the high-voltage quick charging innovation develops,” he specified. In the July 2021 statement, Li Auto exposed that it was purchasing the advancement of high-voltage quick charging innovation.

Li Auto has actually made considerable development with this strategy in 2023. At the start of March, a Li Auto 800V charging station was found in a service location of the Guangzhou-Shenzhen Expressway. Chehejia (Dongguan) Energy Service Co., Ltd., a wholly-owned subsidiary of Li Autois accountable for the building. According to Li Auto‘s strategy, the business will invest an approximated 10 billion yuan ($1.46 billion) to develop 3,000 turbo charging stations by 2025. “It’s a lot more cost-efficient than constructing a factory,” commented Li Xiang on the expense of developing a turbo charging station on social networks.

In 2022, Li Auto effectively provided 133,200 automobiles, marking a 47.2% boost year-on-year. With the anticipated shipment of the L7 design this year, Li Auto objectives to offer in between 280,000 to 300,000 lorries in 2023, and it is expected that the business will attain its very first yearly revenue.

SEE ALSO: Li Auto Starts Construction of Super Charging Stations

Since the 4th quarter of 2022, Li Auto had a money reserve of 58.45 billion yuan ($8.54 billion). For contrast, NIO and XPeng had money reserves of 45.5 billion yuan ($6.65 billion) and 38.2 billion yuan ($5.58 billion), respectively. Li Auto‘s gross earnings margin for the previous year was 19.4%, compared to NIO‘s 10.4% and XPeng‘s 11.5%.

At the business’s spring media interaction conference this year, Li Xiang mentioned that in the past, extended-range designs had actually assisted the business to get significant earnings, which supported research study efforts into pure electrical designs. He included that future financial investment into research study and advancement, automobile parts, and supply chains for pure electrical cars would be higher.

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