Li Auto Team

Li Auto's autonomous driving chief will become head of hardware operations, primarily overseeing robotics development.

But employees are more eager to hear about plans to reverse the sales slump.

Most of the stores slated for closure were opened during Li Auto's previous aggressive expansion phase.

Li Auto's product lead for models including the Li i8 will soon depart, likely due to the Li i8's underwhelming sales performance, according to a local media report.

Analysts estimate the Li Mega recall could drag down Li Auto's profits by RMB 1.14 billion.

This marks Li Auto's sixth major organizational restructuring this year.

Li Auto has withdrawn a new sales system that had been in place for less than six months amid intensifying market competition and short-term sales pressure.

Li Auto president Ma Donghui has become the head of smart car strategy, thus freeing up CEO Li Xiang to focus on AI, according to local media.

Li Auto opened an R&D center in Munich, Germany, which it said is the first step in its global R&D strategy.

Li Auto has designated a head for end-to-end technology and is betting further on next-generation end-to-end solutions, according to local media.