Chinese electric vehicle startup Li Auto saw its losses widen in the second quarter of the year, according to its periodic fiscal disclosure on August 15, which also provided soft guidance for the third quarter.
New energy vehicle firm Li Auto announced on August 14 its launch of a battery charging map service in China.
A new Li Auto model was exposed, which is said to be positioned lower than the Li L9. It is also a medium-to-large SUV, which may be an upgrade of the Li ONE.
On August 11, Orange Electric Travel, a Didi and Li Auto joint venture, added a new bankruptcy review case.
In response to a recent incident involving a Li ONE vehicle model bursting into flames in Chengdu, China's Sichuan Province, Li Auto posted on Weibo on August 4, asserting that the EV maker believes the accident was not caused by flaws in the vehicle itself.
In response to the reports that a Li One caught on fire on the highway and was burned to its frame, Li Auto's customer service confirmed the matter to the domestic media on August 2, and said that the company had set up a special investigation team.
Chinese electric vehicle makers scrambled to unveil their delivery volumes for the month of July on August 1, including NIO, Li Auto, XPeng, Geely-backed Zeekr, and others.
In addition to its NIO and ALPS brands, Chinese electric vehicle maker NIO is reportedly planning to launch a third automobile brand to cover the market below 200,000 yuan ($29,620).
Li Auto's L9 model, claimed by the firm to be "the best household SUV within 5 million yuan," on July 26 suffered another accident during a test drive.
The latest flagship L9 SUV from Chinese new energy vehicle firm Li Auto has not yet been delivered, but its test cars have apparently been exposed to hardware problems, triggering hot debate among web users and questions from industry insiders.
Chinese electric vehicle maker Li Auto announced on July 8 that it will launch a modification service for its Li ONE's electric suction door lock at 10:00 on July 13.
On July 8, the China Passenger Car Association released its analysis of the national passenger vehicle market in June this year. The data shows that retail sales of passenger vehicles reached 1.943 million units in June, up 22.6% year-on-year.
When the founders of XPeng and Li Auto, two famed Chinese EV startups within a trio that also includes NIO, were busy interacting with each other on social media during a marketing relay for their newest EV lineups, NIO's founder kept a low profile.
On July 1st, several Chinese car companies announced their delivery results for the month of June. Among them, XPeng, NIO, Hozon Auto, Li Auto and Leapmotor once again exceeded 10,000 units throughout the month.
Li Auto announced on Tuesday that it will sell American depositary shares (ADSs) with a total amount of no more than $2 billion through an at-the-market equity offering program on the Nasdaq Global Select Market.