Li Auto

Wang Xing has cashed out HK$420 million in the past half month by cutting his stake in Li Auto, but remains the NEV maker's largest external shareholder.

Li Auto delivered 52,584 vehicles in the first quarter, slightly above the lower end of the previous guidance range of 52,000 to 55,000 vehicles.

In the price range of RMB 300,000-500,000, Li Auto has a market share of nearly 20 percent, it said.

This means Li Auto has seen more than 10,905 deliveries so far this month.

Li Auto's first all-electric model will go into production at its Beijing plant, with an annual capacity of 100,000 all-electric vehicles in the first phase.

Among the first owners of the Li L8, those who previously owned a BMW 3 Series were the highest, followed by those who owned a BMW 5 Series and an Audi A6.

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto's move helps to allay potential consumers' concerns to some extent.

Li Auto has an internal goal of 25,000-30,000 monthly deliveries and will aim to meet the goal in the second quarter, its management said last month.

Li Auto is aiming to build about 300 super-fast charging stations this year, and Nio also plans to add 10,000 new charging piles this year, according to local media.

By 2025, Li Auto will have 3,000 supercharging stations, which will cost a total of RMB 10 billion, the company's CEO said last week.