Li Auto

In the first quarter, Li Auto delivered 12,579 units, up 334.4 percent year-on-year, but down 13 percent from the fourth quarter of last year.

Li Auto's new Li ONE, which will be released next week, will be equipped with the Journey 3 chip, the latest chip from local chip company Horizon Robotics.

The price of the Li ONE will likely be adjusted from RMB 328,000 ($50,940) to RMB 350,000 - 360,000.

Without the temporary production line shutdown, the Model Y would have seen the highest insurance registration in the Chinese new energy SUV market in April.

The new Li ONE is expected to be released in May and could be priced at around RMB 350,000 ($54,400)-360,000, up from the current model's price of RMB 32,800.

Li Auto saw its 50,000th delivery of the Li ONE in April, bringing the model's cumulative new vehicle deliveries to 51,715 by the end of April, 17 months after it began deliveries in December 2019.

The center will focus on cutting-edge development of smart electric vehicle technology, including ultra-fast charging, autonomous driving, and next-generation smart cabin technology.

The company's scope of operations includes technology services and development within the fields of automotive technology, cloud platform technology, and big data technology.

If a car manufacturer is cheating, regulators should simply disqualify it from production and sale, Li said.

Li Auto's autonomous driving system, equipped with 508 Tops of computing power and LiDAR, could compete with Huawei and Tesla by next year, Li Xiang, CEO of the Chinese electric car company, said on Weibo on April 20.