Li Auto

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles, meaning it expects to deliver a total of 36,859 to 39,859 vehicles in February and March.

Deutsche Bank believes the true test for Li Auto will come in the second half of the year.

Li Auto has previously released data showing it delivered 46,319 vehicles in the fourth quarter, up 31.51 percent year-on-year and up 74.63 percent from the third quarter.

Li Auto said City NOA's real-time HDMapNet-based road structure awareness algorithm can sense and make decisions in real-time based on its surroundings, just like a human.

Li Auto brought a lower-priced Air version to its product matrix for the first time, with the Li L7 Air and Li L8 Air powered by batteries from Svolt Energy and Sunwoda, respectively.

The new Air variants of the Li L7 and Li L8 are expected to eliminate the air suspension and electric suction doors, thus lowering the prices by more than RMB 20,000, local media said.

Li Auto's deliveries in January were down from December due to the negative impact of the Chinese New Year holiday, a seasonal factor.

Li Auto's midsize Li L6 and non-SUV form factor Li L5 will stick to the RMB 200,000-300,000 price range, the company's CEO said.

City NOA capabilities that enable end-to-end training without relying on high-precision maps will be available by the end of 2023 and will be an important starting point for Software 2.0's transformation of the physical world, said Li Auto's CEO.

Li Auto appears to be competing primarily with the internal combustion engine-powered SUVs of Mercedes-Benz and BMW, and is already clearly ahead in sales.