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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

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Nov 5 3:59 PM EST

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From: Julius Wong	1/21/2025 10:21:01 AM
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Li Auto opens R&D centre in Germany Chinese electric vehicle (EV) manufacturer Lixiang Auto Inc (Li Auto) opened its first overseas research and development (R&D) center in the German city of Munich, as the company continues to step up its overseas sales drive. Li Auto said the aim of the R&D centre is to collaborate with European component manufacturers in the development of next-generation technologies, including those related to AI, power semiconductors, smart chassis systems, electric drivetrains and overall vehicle design. Through the new R&D centre, the automaker also aims to gain a better understanding of the European market and develop products that are more “aligned” with European automotive regulations and consumer preferences. Li Auto’s CEO, Ma Donghui, said in a statement: “This R&D center marks the official start of Li Auto's global strategy. It will also serve as a cornerstone of our artificial intelligence (AI) core strategy, with nearly half of our R&D investment currently directed toward AI technologies." Established in 2015, Li Auto is one of China’s more successful EV startups, with global sales last year growing by 33% to 500,508 battery electric vehicles (BEVs) – bringing the company’s cumulative sales to 1,133,872 units. "Li Auto opens R&D centre in Germany" was originally created and published by Just Auto, a GlobalData owned brand. finance.yahoo.com

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