“We’re assured that it will likely be the No. 1 vendor of all passenger vehicles priced at RMB 500,000 ($70,160) or extra, no matter power type and no matter physique type,” Li Auto mentioned.
Li Auto (NASDAQ: LI) introduced the naming of its first battery electrical car (BEV) mannequin and set an bold purpose for its gross sales.
Li Auto’s first BEV, its tremendous flagship mannequin, has been formally named Li MEGA and is predicted to be launched by the top of 2023, the corporate introduced at this time at its first Household Tech Day occasion held at its facility in Changzhou, Jiangsu province.
“We’re assured that it will likely be the No. 1 vendor of all passenger vehicles priced at RMB 500,000 ($70,160) or extra, no matter power type and no matter physique type,” the corporate mentioned.
Li MEGA will break the standard notion that high-end pure electrical autos can’t be scorching sellers, Li Auto mentioned.
Li Auto at the moment has three fashions on sale, the five-seat Li L7, and the six-seat Li L8 and Li L9, all of that are extended-range electrical autos (EREVs), primarily plug-in hybrids.
The Li MEGA can be Li Auto’s first foray into the BEV market, and it will likely be an MPV (multi-purpose car, or van) mannequin, in accordance with info it beforehand shared.
By 2025, Li Auto’s product array will embrace one tremendous flagship mannequin, 5 EREVs, and 5 BEVs, it mentioned on the primary day of the Shanghai auto present on April 18.
By then, Li Auto’s fashions for the market priced above RMB 200,000 will absolutely meet the wants of household customers, the corporate beforehand mentioned.
Li Auto fashions at the moment on sale have a beginning worth vary of RMB 319,800 to RMB 459,800.
Li Auto’s first all-electric mannequin would be the world’s first to characteristic CATL’s 4C Qilin Battery, it mentioned on April 18.
C refers back to the battery’s cost multiplier, and 4C signifies that the pack can theoretically be absolutely charged in 1 / 4 of an hour.
Notably, Li Auto started at this time’s Household Tech Day occasion by introducing its 5C charging answer, which it mentioned permits for charging energy of greater than 500 kW.
Li Auto has developed its personal 800 V high-voltage all-electric platform and can mass-produce 5C all-electric autos, it mentioned.
The corporate has optimized the battery on the system degree to take fuller benefit of the battery’s 5C charging multiplier, giving autos a spread of 400 kilometers in 9 minutes and 30 seconds and 600 kilometers in 22 minutes of charging.
As a comparability, Tesla’s newest V3 Supercharger has a peak charging energy of 250 kW and might cost the car with as much as about 250 km of vary in quarter-hour at peak energy.
Li Auto will fast-track the deployment of the 5C supercharging community, finishing greater than 300 supercharging stations by the top of this yr and greater than 3,000 by 2025, it mentioned.
Li Auto didn’t say whether or not Li MEGA will use that 5C answer, however mentioned that with mass deliveries of its 5C BEV fashions, extra Chinese language households will benefit from the high-voltage, pure-electric know-how that can change fuel-powered autos on a big scale.
The corporate unveiled its auto-charging robotic at at this time’s occasion, saying it should present an power replenishment expertise that goes far past refueling.
Li Auto’s autos will robotically drive to charging areas and park themselves, and the charging robotic can robotically join, cost and settle with the car via visible recognition.
Li Auto additionally introduced its progress on superior driver help programs, saying it should open inner testing of Metropolis NOA (Navigation on ADAS) in Beijing and Shanghai this month.
Within the second half of the yr, Li Auto will open up the commute NOA characteristic and make Metropolis NOA accessible in additional cities, it mentioned.
For the commute NOA characteristic, autos may be activated for easy routes in lower than 1 week and skilled for extra complicated routes in 2-3 weeks.
Li Auto estimates that commute NOA can cowl greater than 95 p.c of commuting situations, making the car a “devoted elevator” for house owners.
The corporate mentioned its Metropolis NOA is the primary in China that does not depend on high-precision maps, and with the assistance of AI huge fashions, will obtain driving efficiency near that of a human driver.
Li Auto additionally unveiled the progress of its in-car voice assistant, Lixiang Tongxue, at at this time’s occasion, saying it constructed Thoughts GPT, a cognitive huge mannequin, to make the characteristic even smarter.
With the assistance of Thoughts GPT, Lixiang Tongxue can flip right into a instructor for customers, knowledgeable automotive butler, an knowledgeable in educating drawing and programming, Li Auto mentioned.
Along with its technological advances, Li Auto introduced that its 400,000th car rolled off the meeting line at this time.
Li Auto delivered a report 28,277 autos in Might, bringing cumulative deliveries to 363,876.
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