Li Auto

Li Auto is continuing to expand its supercharging infrastructure as it looks to its BEV models, particularly the Li i6, to boost sales.

The Livis AI glasses start at RMB 1,999 ($283) in China and will be sold overseas through channels of German optical systems manufacturer Zeiss.

Li Auto delivered 33,181 vehicles in November, marking a 31.92 percent year-on-year decline and the sixth consecutive month of year-on-year contraction.

Li Auto will begin commercializing its M100 chip next year, hoping it will deliver a significant upgrade to the user experience of its products.

Li Auto aims for the device to serve as a gateway for more users to experience its AI capabilities as it strives to become a global AI leader.

Li Auto posted a net loss of RMB 624 million yuan ($87.7 million) in the third quarter, marking its first return to a loss since the fourth quarter of 2022.

Li Auto acknowledged its slowdown in action during a strategic meeting, planning to speed up product release pace and expand overseas market efforts.

Analysts estimate the Li Mega recall could drag down Li Auto's profits by RMB 1.14 billion.

Li Auto delivered 93,211 cars in the third quarter, down 39.01 percent year-on-year and down 16.08 percent from the second quarter.

This marks Li Auto's sixth major organizational restructuring this year.