CX Daily: Li Auto Pins Its All-Electric Hopes on New SUV
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In Depth: Li Auto pins its all-electric hopes on new SUV
Electric-vehicle (EV) maker Li Auto Inc. is back for a second attempt at breaking into China’s hyper competitive pure electric car market. This time, the company has pinned its hopes on an SUV, the Li i8, after its so-called multipurpose vehicle (MPV) flopped.
The Beijing-based carmaker, founded in 2015, made its name with extended-range hybrids, an early bet that distinguished it from China’s fast-growing, saturated new-energy vehicle (NEV) sector and helped it become the first among the country‘s EV upstarts to turn an annual profit in 2023.
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