Company Index
Li Auto
Li Auto
NEWS
Traditional luxury car brands BMW, Mercedes-Benz, and Audi (BBA) face increasing competition in China from domestic manufacturers like BYD, Huawei, Nio, and Li Auto, especially in the luxury segment (over 300,000 yuan). BBA's sales in China have declined in early 2024 due to fierce market price wars and competition from domestic new energy vehicles (NEVs), leading to severe financial and operational challenges for dealerships. BBA is enhancing local R&D efforts and adjusting strategies to combat competition, but Chinese brands are rapidly improving, challenging BBA's market dominance with innovative features and competitive pricing.
Aug.31 2024 14:03 PM
Automaker tops deliveries among emerging Chinese EV-makers for a third-straight month, following a four-month run in first place by its rival
Aug.5 2024 20:03 PM
The model’s distinctive aesthetics proved controversial, with sales amounting to just a fraction of the company’s ambitious target
May.29 2024 19:36 PM
A lukewarm response on its debut, a slowing market and EV makers slashing prices meant sales of the Li Mega MPV were disappointing
May.17 2024 04:23 AM
- The practice of "parallel car exports" from China, where traders buy new cars domestically and sell them as used cars abroad, has seen a significant increase in recent years. This surge was particularly notable following the Russia-Ukraine conflict in February 2022, which led to a demand gap in Russia due to international sanctions and withdrawal of foreign car manufacturers.
- In response to the booming market, Chinese traders exploited regulatory loopholes and tax differences within the Eurasian Economic Union countries (including Kazakhstan and Kyrgyzstan) to export cars more profitably. However, by early 2024, Russia began tightening regulations, closing loopholes that allowed for cheaper customs processes through intermediary countries.
- Despite these challenges, parallel car exports have become a substantial part of China's trade with Russia, prompting both small and large-scale traders to adapt their strategies. The industry is moving towards more regulated practices with increased costs and longer capital turnover times due to new Russian import policies.
Apr.27 2024 14:14 PM
Tesla’s latest price cuts risk China earnings wipeout, Li Auto joins price war by offering major discounts
Apr.23 2024 14:58 PM
Fierce competition will lead to survival of the fittest which will cultivate internationally competitive Chinese carmakers, says expert
Apr.23 2024 04:10 AM
EV-Maker Li Auto Dispels Rumors of Exclusive Uzbekistan Sales Network, Clamp Down on Russian Exports
The automaker also puts paid to reports that it would prohibit parallel exports of its vehicles to Russia via the Central Asian country
Apr.15 2024 20:46 PM
- Li Auto, led by CEO Li Xiang, reported a profitable year in 2023 with 376,000 vehicles delivered and a net profit of 11.81 billion yuan. The company faced challenges after the launch of its first all-electric flagship model MEGA and three new extended-range models in early March 2024, experiencing negative reactions and organized attacks online.
- Huawei's automotive brand AITO has emerged as a significant competitor to Li Auto, surpassing its sales in the first two months of 2024. Huawei dominates in smart car technology and has expanded its automotive partnerships under the HarmonyOS for Cars system, posing a threat to Li Auto's market position.
- Despite setbacks with MEGA's launch, Li Auto is adjusting strategies by offering discounts on existing models and planning to introduce three new electric vehicle models by 2024. The company aims to maintain growth amidst intense competition from traditional automakers and tech companies entering the EV market.
Mar.16 2024 15:34 PM
The altered images showed the automaker’s new luxury model sporting a label in Chinese that translates as ‘New-energy funeral vehicle’
Mar.11 2024 21:39 PM
Chinese automaker beats auto sales and revenue estimates and swings into black ink amid surging demand for new-energy vehicles
Nov.10 2023 04:48 AM
The Mega MPV, slated for launch at the end of this year, will be powered by Contemporary Amperex Technology’s Qilin batteries made with its cell-to-pack technology
Aug.26 2023 18:20 PM
Wang Xing offloaded about $53.3 million worth of shares in the Chinese EV-maker last month, but remains its biggest external shareholder
Apr.4 2023 21:01 PM
The aggressive entry of tech giants like Huawei is helping give deep-pocketed traditional carmakers an edge
Sep.15 2022 20:28 PM
Auto and tech companies are gearing up to compete for their slice of a potentially gigantic market
Jul.22 2022 20:31 PM
CATL licenses battery technology to Thai firm, Jack Ma makes rare public appearance at Alibaba event
May.13 2022 20:15 PM
Workout app files for Hong Kong IPO, TikTok says it will throttle Ukraine war disinformation
Mar.1 2022 20:09 PM
Chinese startup reported a nearly 150% jump in deliveries in the fourth quarter despite a chip shortage
Feb.28 2022 19:55 PM
Firm’s holdings in Li Auto and Xpeng surged in fourth quarter, fund management arm’s latest U.S. filing shows
Feb.15 2022 21:15 PM
Robot-maker Rokae raises $63 million, Globalwafers unveils $3.6 billion expansion plan, SoftBank plans to list Arm
Feb.8 2022 20:02 PM
- Jun 16, 2025 02:54 PM
- Jun 16, 2025 02:53 PM
- Jun 16, 2025 02:52 PM
MOST POPULAR
- 1Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy
- 2Chinese Ex-Employee of U.S. Hedge Fund Two Sigma Faces Fraud Charges
- 3Intel Names New China Chief Amid Business Transition and Market Shifts
- 4China Doubles Down on Policy Drive to Boost Service Spending
- 5XPeng Partners With Magna to Build EVs in Europe
Sign in with Google
Sign in with Facebook
Sign in with 财新