Stock Track | Li Auto Soars 5.02% Intraday on Beijing Joint Fund Initiative for Intelligent Vehicle Research

Stock Track05-14 09:41

Li Auto-W (02015) saw its stock price surge 5.02% during Thursday's intraday trading session.

The significant gain appears to be driven by news of the company's strategic participation in a major government-backed research initiative. Li Auto, in collaboration with the Beijing Municipal Science and Technology Commission and local district governments, has initiated the "Beijing Natural Science Foundation - Shunyi New Energy Intelligent Connected Vehicle Innovation Joint Fund." This fund, with an annual scale of 50 million yuan, is focused on supporting basic research in the field of new energy intelligent connected vehicles.

According to the announcement, the initiative aims to attract top scientific talent to participate in research, promoting cooperation in data resources, experimental platforms, and talent cultivation. The company has proposed research topics in areas such as electric power, robotics, AI training, and chips, successfully funding teams from top-tier universities. This move is seen as providing theoretical and technical support for breakthroughs in industry common technologies and aligns with Li Auto's vision of becoming a globally leading embodied intelligence enterprise.

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