CnTechPost CnTechPost
  • Home
  • Tech
  • Gadgets
  • Software
  • Apps
  • CnEVPost
  • Contact
  • About
  • Newsletter
  • Home
  • Tech
  • Gadgets
  • Software
  • Apps
  • CnEVPost
  • Contact
  • About
  • Newsletter

Li Auto CEO says won't launch pure electric models until 400KW fast-charging technology matures

Phate ZhangNovember 13, 2020

Li Auto CEO says won't launch pure electric models until 400KW fast-charging technology matures-CnTechPost

Li Auto won't launch all-electric models until the 400KW fast-charging technology matures, the Chinese EV maker's CEO Li Xiang said on its third-quarter earnings call, adding that its extended-range technology has a 5-10 year advantage in large SUVs and MPVs.

Li said that the 400KW fast-charging technology needs to be supported by three key technologies: a voltage platform of more than 800V, a national standard for 500Ah super-fast charging and a battery with a charge multiplier of more than 4C.

As planned, Li Auto will launch a full-size, extended-range large SUV in 2022.

Li Auto to use NVIDIA ORIN chips in next-generation SUVs

The Li ONE went on sale in October 2019 and this SUV is currently the only model in Li Auto's portfolio.

The Li ONE delivered 3,692 units in October, setting a new monthly delivery record for the third month in a row and once again surpassing the all-time single-month high. As of the end of October, Li ONE has delivered 21,652 units.

The company's third-quarter earnings showed it delivered 8,660 vehicles in the third quarter and expects to deliver between 11,000-12,000 vehicles in the fourth quarter, up 27%-38.6% from the previous quarter.

Li Auto Q3 revenue beats estimates, shares surge about 20% pre-market

Vehicle sales were RMB 2.46 billion (US$363.0 million) in the third quarter, representing an increase of 28.4% from RMB 1.92 billion in the second quarter of 2020.

Its vehicle margin went up to 19.8% in the third quarter, compared with 13.7% in the second quarter of 2020.

Li Auto posted third-quarter revenue of RMB 2.511 billion, which was well above the market's expectations of RMB 1.925 billion. The company reported a net loss of RMB 107 million for the third quarter, which was below market expectations of a loss of RMB 502 million.

The company posted a non-GAAP net income of RMB 16.0 million (US$2.4 million) in the third quarter, compared with RMB 159.2 million Non-GAAP net loss3 in the second quarter of 2020, marking the first time it turned profitable.

How do Chinese customers choose between NIO, Li Auto and Xpeng?

  • Twitter
  • Facebook
  • Reddit
  • LinkedIn
  • WhatsApp
  • Pocket
  • More
  • Telegram
  • Email
  • Pinterest
  • Tumblr
  • Skype
#Electric Car#Electric Vehicle#EV#Li Auto#Li ONE
0
Share
Phate Zhang Administrator
Posts 5679Comments 22
Comments (0)
Back
    Be the first to comment.
Follow CnTechPost:
  • twitter
  • facebook
  • telegram
  • mail
04 Mar, 2021
Huawei P50 series phones reportedly to be released on April 17
Popular Posts
TOP1
China-made millimeter wave chip sets world record for detection distance
February 19, 2021
TOP2
Luckin Coffee restructures organization after executive infighting ends
February 19, 2021
TOP3
Origin Pilot - China's first quantum computer operating system released
February 9, 2021
TOP4
Luckin Coffee files for Chapter 15 bankruptcy protection in New York
February 5, 2021
TOP5
Geely's plant capable of producing over 500 satellites per year approved for production
February 18, 2021
Recent Posts
  • Huawei releases HarmonyOS 2.0 Developer Preview Beta 2 for phones and tablets Mar 7, 2021
  • OPPO ranks No. 1 in China's smartphone market for first time in January Mar 6, 2021
  • Zhihu, Chinese equivalent of Quora, files for US IPO Mar 6, 2021
  • Alibaba's DAMO Academy says aiming for major breakthroughs in chips and quantum computing Mar 5, 2021
  • Kuaishou testing Clubhouse-like app Mar 5, 2021
Topics:
5G phones Apple Baidu BYD ByteDance China-made Chips China-made operating system China-made UOS China 5G China Smartphone Market China Tech Coronavirus Covid-19 Data Electric Car Electric Vehicle EV Foldable Phone Games Google Honor Huawei Huawei Ban iPhone iPhone 12 Li Auto NIO OnePlus Oppo Realme Redmi Samsung Smartphone Stocks Tencent Tesla Tesla China Tesla Shanghai TikTok UOS Update Alert Vivo WeChat Xiaomi XPeng
  • Home
  • Tech
  • Gadgets
  • iOS
  • Android
  • Apps
  • Software
  • Cars
  • 5G
  • Hot Topics
  • Compliance Services
  • About
  • Contact Us
  • Privacy Policy
  • Newsletter
Copyright © 2019-2021 CnTechPost. Designed by CnTechPost.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.