Phate Zhang

These technologies include high-voltage platforms and ultra-fast charging technologies, autonomous driving technologies and next-generation smart cabin technologies, the company said.

Li Auto in January delivered 5,379 units of the Li ONE, its only model, up 355.8 percent year-on-year but was down 12% from December's 6,126 units.

Deutsche Bank analysts led by Edison Yu initiated coverage on Li Auto with a Hold rating and a price target of $35, representing an 8.5 percent upside potential from Friday's close.

William Li, founder, chairman, and CEO of Chinese electric carmaker Nio, recalled his woes at the end of 2019 in a recent interview with CCTV, saying it made sense for investors to choose not to bail out Nio at that time.

Late last month, Nio said it had 179 battery swap stations, 101 Superchargers, 820 superchargers, and access to more than 360,000 third-party charging posts as of January 21, 2021.

The deliveries consisted of 1,660 ES8s, a 6-seater and 7-seater flagship premium smart electric SUV, 2,720 ES6s, a 5-seater high-performance premium smart electric SUV, and 2,845 EC6s, a 5-seater premium electric coupe SUV.

This is the first time that Xpeng has delivered more than 6,000 units per month, setting a new record for the third consecutive month and growing at more than 100% year-on-year for the seventh consecutive month.

China's state-owned electric utility State Grid plans to invest an average of more than US$70 billion annually over the next five years to upgrade its power grid to the energy Internet.

The apartment is small and rents for about 10,000 yuan ($1,556) a month, which Li says is "small but expensive". 

He also talked about his previous war of words with Tesla CEO Elon Musk, saying that Chinese companies are more efficient and innovate faster to make Tesla feel uneasy.