Li Auto

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.

Steady-state monthly sales of the Li L9 are expected to be in the 8,000 to 10,000 range, and both the Li L7 and Li L8 are expected to be in the 10,000 to 15,000 range, a Li Auto executive said.

Deliveries of Li L9 and Li L8 both exceeded 10,000 units in December. Li Auto delivered 46,319 vehicles in the fourth quarter, up 31.51 percent year-on-year.

The Li L7 is a five-seat version of the Li L8 and will be offered in two variants with starting prices of RMB 339,800 and 379,800 respectively.

The Li L9 and Li L8 were fast-tracking their capacity climb, and Li Auto is on track to exceed 20,000 deliveries in December, an executive said.