China's Xpeng bets on extended-range hybrid tech to boost sales [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
products that are more cost-competitive than pure EVs to boost sales and improve profitability. Its "Kunpeng Super Electric System" enables a car to drive more than 1,400 kilometres with an internal combustion engine available to charge the batteries once depleted, founder He Xiaopeng said at a livestream event in the southern Chinese city of Guangzhou. "I have noticed that the infrastructure such as power grid in many countries is actually less developed than that in China. We need new types of power charging solutions catering to different market conditions globally. Therefore, we have come up with the extended range hybrid," He said. However, the automaker did not say when it would launch new models equipped with this technology. Following Li Auto, which has been mainly selling extended-range electric vehicles (EREV), more Chinese automakers are embracing this technology, which uses fewer batteries that account for a significant part of the cost of an EV. Nio is also plan
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LI
Sec Filings
- 11/13/24 - Form 144
- 11/6/24 - Form 6-K
- 11/1/24 - Form 6-K
- LI's page on the SEC website