Li Xiang

Last year a Volkswagen executive said extended-range EVs were the worst solution. Sales of the Li ONE with this technology have now exceeded the combined sales of Volkswagen's mid-size SUVs in China.

Li said industry players should exercise restraint in marketing, but invest more in technology that will benefit users, the industry, and companies in the long run.

Although there is only one model on sale, Li Auto is very confident about its performance.

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.

As the founder and CEO of Chinese electric car company Li Auto, Li Xiang doesn't seem to shy away from praising the excellent products of his competitors.

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

Li Xiang said it is absolutely good to have serious new players entering the field, which can quickly increase the attention and consumer confidence in the field.

Li Xiang, founder of Chinese electric vehicle maker Li Auto (NASDAQ: LI) , said on October 26 that his company will not make any financial or outbound investments for 12 months after the IPO and all funds will be used for research and development and talent acquisition priorities.

Chinese EV maker Li Auto today announced that Wang Kai, the former global chief architect of American automotive electronics supplier Visteon, has been named its first chief technology officer with overall responsibility for the company's smart car-related technology development and mass production work.

In response to doubts about Li Auto's choice of the extended-range technology route, the Chinese EV maker's founder Li Xiang gave a stern rebuttal in a speech at Li Auto's user day on August 29.