Li Auto

Nio has invested in about 40 companies in 5 years, and Xpeng and Li Auto have also made outbound investments to build deeper moats.

Li Auto said it received more than 14,500 new orders for the Li ONE in October.

With cumulative deliveries of 88,867 units through the end of September, the milestone means that it will easily surpass 10,000 deliveries in October.

The removal of Li Auto's sole model, the Li ONE, from China's tax-free list has been widely reported by the Chinese media. But this is similar to the situation earlier this year, where they were older models that were no longer on sale.

The plant, which was originally Beijing Hyundai's No. 1 plant, has a total investment of more than $933 million and is scheduled to start production by the end of 2023.

Nomura believes that Li Auto's solution not only reduces mileage anxiety, but also allows the company to unlock markets in regions where charging infrastructure is scarce.

Li Auto reportedly bought thousands of EPB chips, which normally cost about RMB 6 per chip, for about RMB 5,000 each.

Due to increased pressure on chip supply, Li Auto is said to be delivering Li ONEs with two missing radars by December, with additional installations for customers as the part arrives.

Li Auto deliveries were down about 25 percent in September compared to August, which the company blamed on the impact of continued chip supply shortages.

The Metaverse can be understood as an artificial virtual space that runs parallel to the real world to provide users with an immersive and interactive experience.