Li ONE

Faced with the fact that its competitors have already completed the launch of at least two models, Li Auto is working to upgrade its second model in order to enhance the competitiveness of its products.

Chinese EV maker Li Auto hinted on its WeChat account Monday that there will be a big chip-related announcement on September 22, and a video accompanying the Weibo post featured logos from NVIDIA and Li Auto, suggesting a deeper collaboration between the two companies.

In response to Volkswagen executives' questioning about its technical approach, Li Auto has challenged the German auto giant and invited it to a direct comparison test.

On the evening of September 7, the Li ONE was again reported to have a broken axle incident. The owner said that the car was running normally and there was no collision.

On August 27, Xpeng went public on the New York Stock Exchange, and all three of China's leading electric car startups have since gone public.

China's top investment bank CICC Wednesday initiated coverage of Chinese EV maker Li Auto with an outperform rating and a target price of $21.50, meaning a 20 percent upside space from Wednesday's close.

Li Auto delivered 2,711 Li ONEs in August, a new monthly record. For the period January-August 2020, Li ONE deliveries totaled 14,656 units.

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.

The photos of a Li ONE, made by Chinese EV maker Li Auto, with a broken front axle triggered widespread concern in China recently. Today Li Auto released a statement in response, saying it was an accident and not a quality issue, adding that the Li ONE's test quality exceeds that of Mercedes-Benz and BMW.

Chinese electric vehicle (EV) maker Li Auto has released its first monthly sales figures following its IPO in the US.