Li Auto co-founder and chief engineer Ma Donghui has withdrawn as a director of the company, the latest company registration information shows.
Beijing Car and Home Information Technology Co., Ltd - a Li Auto affiliate company recently had a business change showing this information, while the company's registered capital was changed from approximately RMB 344 million to approximately RMB 295 million, a reduction of 14.08%, according to data provider Qichacha.
Ma has served as Li Auto's chief engineer since its inception and is responsible for research and development. Prior to that, he led the Sany Heavy Industry Body Research Institute from June 2011 to September 2015.
As for the reason why he chose to quit, Li Auto has not provided an explanation at this time.
Last October, Li Auto officially announced the appointment of Fan Zheng as an independent director on the company's board of directors, as well as a member of the board's audit committee, compensation committee, and nominating and corporate governance committee.
Li Auto currently has only one model under its umbrella, the Li ONE, which had 32,624 deliveries in 2020.
Deliveries of the Li ONE reached 6,126 units in December, an increase of 31.9% compared to November.
As of December 31, 2020, Li Auto has 52 retail centers nationwide, covering 41 cities, and 114 after-sales repair centers and authorized sheet metal spray centers, covering 83 cities.
Li Auto's second model, possibly codenamed X01, expected to be delivered next year
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