Li Auto

Li Auto delivered 10,052 vehicles in October, down 13 percent from September and up 31.42 percent from the same month last year.

The outgoing Wang Yilun is mainly responsible for AI algorithm development work including smart driving perception and mapping at Li Auto, according to local media.

Li Auto delivered 26,524 units in the third quarter, above the recently lowered guidance of about 25,500 units.

Deliveries of the Li L8 will begin in November, and the Li L7 will be officially unveiled in November and deliveries will begin in February 2023.

Li Auto says the Li L9 will continue to set new production and sales records among flagship full-size SUVs as production capacity continues to ramp up and deliveries are in full swing.

Li Auto expects to deliver about 25,500 vehicles in the third quarter, meaning September deliveries will be around 10,507 vehicles.

The Li L7 Pro will feature a dual-motor, four-wheel drive system with 330 kW of peak power that can accelerate from 0 to 100 km/h in 5.5 seconds.

SUV competition in China's premium segment will intensify dramatically next year, with Nio, Xpeng and Li Auto all aggressively going after German luxury brands' market share, said Edison Yu's team.

Li Auto has moved up the release of the Li L8 by one month and said it will launch and deliver the Li L7 in the first quarter of 2023.

Li Auto fell below HK$100 for the first time since early June, accumulating a 32 percent drop from its recent high on June 24.