Li Auto

Li ONE, the only model from Li Auto, received the highest rating in the latest China New Car Assessment Program (C-NCAP) on February 8, 2021.

"Generally speaking, people who say Li Auto and Nio are bad are either those who have never touched their real cars or those who can't afford them. And then of course there are those who have taken sponsorship from their competitors," Luo said.

Li Auto started to push a V2.0.30 software update to Li ONE owners from February 4, adding new features including Smart Follow.

Wang Xing, the founder, and CEO of China's online service super-app Meituan, at one time, pledged his shares in Meituan to Goldman Sachs and borrowed $285 million to invest in Chinese EV maker Li Auto, according to a veteran media personality.

Li Auto is back in the spotlight again after a video showing a moving Li ONE suddenly losing control went viral among Chinese Internet users.

Li ONE delivered 6,126 units in December, which means that January deliveries were down 12 percent compared to the previous month.

These technologies include high-voltage platforms and ultra-fast charging technologies, autonomous driving technologies and next-generation smart cabin technologies, the company said.

Li Auto in January delivered 5,379 units of the Li ONE, its only model, up 355.8 percent year-on-year but was down 12% from December's 6,126 units.

Deutsche Bank analysts led by Edison Yu initiated coverage on Li Auto with a Hold rating and a price target of $35, representing an 8.5 percent upside potential from Friday's close.

After Wednesday's selloff, China's electric car trio -- Nio, Xpeng Motors, and Li Auto -- continued to plunge in pre-market trading on Thursday.