China's Xpeng bets on extended-range hybrid tech to boost sales [Yahoo! Finance Canada]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance Canada
"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 planning an EREV for sale only in overseas markets, including the Middle East, North Africa and Europe, Reuters reported earlier this week. In October, battery giant CATL also launched its first battery product specialised for extended range hybrids as it aims to meet the growing demand from automaker clients and consumers. EREVs are also subject to the Eur
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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