Li Auto

Li Auto is expected to unveil new developments on its HD map-free NOA (Navigate on Autopilot) feature.

Li Auto begins delivering vehicles in December 2019 and reaches its 100,000th delivery milestone in November 2021 and sees its 500,000th vehicle delivered in September 2023.

Sunwoda will supply batteries for Xiaomi's third model, codenamed "Kunlun," as well as Li Auto's Li M7 and Li M8, according to local media.

A sufficient number of self-operated supercharging piles are necessary to sell all-electric SUVs, Li Auto management previously said.

This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.

Li Auto has merged its sales and delivery teams to eliminate possible conflicts of interest between the two in order to better sell cars.

May's deliveries were Li Auto's highest single-month volume so far this year, though still well below last December's record 50,353 vehicles.

Li Auto said Li L6 production capacity continues to climb and will top 20,000 units next month.

Li Auto's BEV endeavors appear to be facing structural challenges as transferring its EREV success to BEV is not so straightforward, Deutsche Bank said.

"Li Auto delivered mostly in-line 1Q24 earnings results and 2Q24's volume outlook bracketed our forecast but pricing pressure appears much worse than anticipated," said Deutsche Bank.