Li ONE

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.

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.

He said Li Auto doesn't mind getting its capital reserves in any way it can, including secondary market financing, bank loans and debt issuance.

This price comes as a surprise to many, as just last Friday, a well-known car blogger said that the new Li ONE will be priced at RMB 400,000, up RMB 72,000 ($11,000) from the current model.

To analysts, this is not only a smart move by Li Auto, but also heralds the upgrade of China's auto industry chain.

With the release of its new model on the horizon, Chinese electric car company Li Auto seems to be thinking about how to get customers to buy the new model.

Li Auto will hold a spring launch event on May 25 at 20:00 Beijing Time, when it will unveil the new Li ONE model.

The new Li ONE will be priced at RMB 400,000 ($62,000), up RMB 72,000 ($11,000) from the current model, according to a well-known car blogger.