Li Auto

Li Auto has been rumored several times since early April to be building a second factory in Beijing, and while the company has never confirmed it, the latest job postings seem to prove those rumors are reliable.

OPPO's car-building project is still in the research phase and has not been officially launched yet, but executives from the company recently visited Li Auto to speed up the plan.

Li Auto says the model is now available at its 91 retail centers in China as its sales network in five cities, including Changsha and Harbin, see the arrival of the 2021 Li ONE.

Nio, which rose more than 10 times in 2020, has seen its biggest pullback this year at 54%, Xpeng at 62%, and Li Auto at 58%.

Li Auto's third position was overtaken by Neta Automobile, backed by Qihoo 360, China's largest cybersecurity company, which delivered 4,508 units in May.

Li Auto said it is confident that Q2 deliveries will exceed the upper end of its guidance.

Just like what happened to its local counterpart Xpeng Motors two years ago, Li Auto's recent release of its product refresh has caused the Chinese electric car company to face protests from some owners.

The update includes 21 new features and 12 optimizations, the most interesting of which is the improvement of its virtual voice assistant Li Xiang Tongxue's continuous dialogue capability.

Mobileye's ecosystem is more closed and a local chip can provide Li Auto with a greater control.

The plant, with a total investment of RMB 6 billion ($940 million), will be used for research and development of vehicles, core components, autonomous driving, and other key technologies, the report said.