Li L9

Li Auto tumbles 13% in Hong Kong on a muted market response to its newly updated Li L9 model.

Li Auto highlighted the higher-end L9 Livis, starting at 509,800 yuan ($74,940), which is 9% lower than its pre-sales price.

Li i6 delivered 21,024 units in April, accounting for 61.68% of Li Auto's deliveries for the month.

Li L9 Livis is equipped with two in-house developed 5nm M100 smart driving chips, delivering 2,560 TOPS of computing power.

Li Auto will showcase the L9 Livis at the upcoming Beijing auto show, featuring its in-house developed autonomous driving chip.

The Li L9 Livis features a 72.7-kWh battery pack with a range of up to 340 km.

The refreshed Li L9 will hit the market in the second quarter, with Li Auto touting the Livis variant as delivering generational upgrades.

Li Auto is resetting its priorities toward its most certain business, with an overall strategic direction to reclaim leadership in the EREV sector in China.

Li Auto's L-series EREVs continued to see over 50 percent year-on-year declines, while newly launched Li i6 and Li i8 saw sequential increases in deliveries.

All four of Li Auto's EREV models saw monthly deliveries plummet over 60 percent, while the i6 and i8 each delivered nearly 6,000 units in October.