China’s Li Auto Launches Electrified SUV to Rival Tesla Model Y

Bloomberg2023-02-09

The L7 has a battery and a gasoline engine for extended rangeDeliveries are expected to start next month, CEO Li saysSource: Li Auto Inc.Beijing-based Li Auto Inc. unveiled an extended-range ...

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TK360
2023-02-10
TK360
Nice approach
ShawnKoh1
2023-02-09
ShawnKoh1
Ok

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Y竞争","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LI":1,"02015":0.9},"content_text":"The L7 has a battery and a gasoline engine for extended rangeDeliveries are expected to start next month, CEO Li saysSource: Li Auto Inc.Beijing-based Li Auto Inc. unveiled an extended-range electrified sport utility vehicle it wants to rival cars like Tesla Inc.’s Model Y.The L7, introduced during an online event Wednesday, has a starting price of 319,800 yuan ($47,100) and a maximum driving range of 1,315 kilometers (817 miles). The five-seater can cover about 210 kilometers purely electric but also has a four-cylinder gasoline engine to provide additional power for greater range.“The L7 will redefine a family five-seater SUV and bring an entirely new journey for three-people families,” Li Auto’s Founder and Chief Executive Officer Li Xiang said, adding that deliveries are expected to start as soon as March 1st.The L7 is Li Auto’s fourth so-called new-energy vehicle, a classification that includes fully electric cars and plug-in hybrids. The other three are six-seaters. Following Apple Inc., Li Auto named the three variants under its latest model as L7 Air, L7 Pro, and L7 Max, which are equipped with different sensors, storage, intelligent driving hardwares, and so on.In terms of pricing and design, the L7 is being positioned to take on models including the Audi Q5, Mercedes-Benz GLC and BMW X3, as well as Tesla’s Model Y. Many potential buyers have owned Model 3 or Model Y cars, preliminary pre-orders show, Li said in aposton his Weibo social media account in January.Still, Tesla’s recent price cuts on its Chinese-made vehicles have brought the starting cost of the Model Y down far lower than the L7, to 259,900 yuan.The interior of the L7. Source: Li Auto Inc.Tesla isn’t alone in slashing prices on its cars as the EV market grows increasingly competitive. Chinese brands including Xpeng Inc. and Huawei Technologies Co.-backed Aito have also reduced theirs in recent months. Li Auto cut prices on some of its early models to clear inventory and avoid competing against its own newly-launched models.Even with Covid disruptions and an economic slowdown, retail sales of NEVs almost doubled to 5.67 million in China last year, according to Passenger Car Association data. Li Auto delivered 133,246 vehicles, an increase of 47% from 2021, helped by the addition of its L9 and L8 SUVs. The company’s first SUV model is the Li One.In the meantime, rather than solely relying on battery giant and Tesla supplier Contemporary Amperex Technology Co., Li Auto will work with local battery manufacturer Sunwoda Electronic Co. and Svolt Energy Technology Co. Ltd. on self-developed battery packs, which will be installed in the basic Air versions of L7 and L8, the CEO said.Li Auto, founded in 2015, may have to wait until 2024 to record its first annual operating profit, according to Bloomberg Intelligence, a year later than consensus estimates.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9954365012,"gmtCreate":1676009552536,"gmtModify":1676009559873,"author":{"id":"3574766349354741","authorId":"3574766349354741","name":"TK360","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Nice approach","listText":"Nice approach","text":"Nice approach","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954365012","repostId":2309480510,"repostType":4,"repost":{"id":"2309480510","pubTimestamp":1675906630,"share":"https://www.laohu8.com/m/news/2309480510?lang=&edition=full","pubTime":"2023-02-09 09:37","market":"us","language":"en","title":"China’s Li Auto Launches Electrified SUV to Rival Tesla Model Y","url":"https://stock-news.laohu8.com/highlight/detail?id=2309480510","media":"Bloomberg","summary":"The L7 has a battery and a gasoline engine for extended rangeDeliveries are expected to start next m","content":"<html><head></head><body><ul><li>The L7 has a battery and a gasoline engine for extended range</li><li>Deliveries are expected to start next month, CEO Li says</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e6ed2653fbd3628fc2c88a78c60ed74\" tg-width=\"1000\" tg-height=\"562\" width=\"100%\" height=\"auto\"/><span>Source: Li Auto Inc.</span></p><p>Beijing-based Li Auto Inc. unveiled an extended-range electrified sport utility vehicle it wants to rival cars like Tesla Inc.’s Model Y.</p><p>The L7, introduced during an online event Wednesday, has a starting price of 319,800 yuan ($47,100) and a maximum driving range of 1,315 kilometers (817 miles). The five-seater can cover about 210 kilometers purely electric but also has a four-cylinder gasoline engine to provide additional power for greater range.</p><p>“The L7 will redefine a family five-seater SUV and bring an entirely new journey for three-people families,” Li Auto’s Founder and Chief Executive Officer Li Xiang said, adding that deliveries are expected to start as soon as March 1st.</p><p>The L7 is Li Auto’s fourth so-called new-energy vehicle, a classification that includes fully electric cars and plug-in hybrids. The other three are six-seaters. Following Apple Inc., Li Auto named the three variants under its latest model as L7 Air, L7 Pro, and L7 Max, which are equipped with different sensors, storage, intelligent driving hardwares, and so on.</p><p>In terms of pricing and design, the L7 is being positioned to take on models including the Audi Q5, Mercedes-Benz GLC and BMW X3, as well as Tesla’s Model Y. Many potential buyers have owned Model 3 or Model Y cars, preliminary pre-orders show, Li said in aposton his Weibo social media account in January.</p><p>Still, Tesla’s recent price cuts on its Chinese-made vehicles have brought the starting cost of the Model Y down far lower than the L7, to 259,900 yuan.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d4fcf4959a02af0056ad067f7e21a9d\" tg-width=\"1000\" tg-height=\"562\" width=\"100%\" height=\"auto\"/><span>The interior of the L7. Source: Li Auto Inc.</span></p><p>Tesla isn’t alone in slashing prices on its cars as the EV market grows increasingly competitive. Chinese brands including Xpeng Inc. and Huawei Technologies Co.-backed Aito have also reduced theirs in recent months. Li Auto cut prices on some of its early models to clear inventory and avoid competing against its own newly-launched models.</p><p>Even with Covid disruptions and an economic slowdown, retail sales of NEVs almost doubled to 5.67 million in China last year, according to Passenger Car Association data. Li Auto delivered 133,246 vehicles, an increase of 47% from 2021, helped by the addition of its L9 and L8 SUVs. The company’s first SUV model is the Li One.</p><p>In the meantime, rather than solely relying on battery giant and Tesla supplier Contemporary Amperex Technology Co., Li Auto will work with local battery manufacturer Sunwoda Electronic Co. and Svolt Energy Technology Co. Ltd. on self-developed battery packs, which will be installed in the basic Air versions of L7 and L8, the CEO said.</p><p>Li Auto, founded in 2015, may have to wait until 2024 to record its first annual operating profit, according to Bloomberg Intelligence, a year later than consensus estimates.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Li Auto Launches Electrified SUV to Rival Tesla Model Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Li Auto Launches Electrified SUV to Rival Tesla Model Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-09 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-08/china-s-li-auto-launches-electrified-suv-to-rival-tesla-model-y><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The L7 has a battery and a gasoline engine for extended rangeDeliveries are expected to start next month, CEO Li saysSource: Li Auto Inc.Beijing-based Li Auto Inc. unveiled an extended-range ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-08/china-s-li-auto-launches-electrified-suv-to-rival-tesla-model-y\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4527":"明星科技股","BK4550":"红杉资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LI":"理想汽车","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4503":"景林资产持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4574":"无人驾驶","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","02015":"理想汽车-W","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4585":"ETF&股票定投概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4581":"高盛持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4511":"特斯拉概念","BK4124":"机动车零配件与设备","BK4099":"汽车制造商","BK4563":"昨日强势股","LU0056508442.USD":"贝莱德世界科技基金A2","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4534":"瑞士信贷持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-08/china-s-li-auto-launches-electrified-suv-to-rival-tesla-model-y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2309480510","content_text":"The L7 has a battery and a gasoline engine for extended rangeDeliveries are expected to start next month, CEO Li saysSource: Li Auto Inc.Beijing-based Li Auto Inc. unveiled an extended-range electrified sport utility vehicle it wants to rival cars like Tesla Inc.’s Model Y.The L7, introduced during an online event Wednesday, has a starting price of 319,800 yuan ($47,100) and a maximum driving range of 1,315 kilometers (817 miles). The five-seater can cover about 210 kilometers purely electric but also has a four-cylinder gasoline engine to provide additional power for greater range.“The L7 will redefine a family five-seater SUV and bring an entirely new journey for three-people families,” Li Auto’s Founder and Chief Executive Officer Li Xiang said, adding that deliveries are expected to start as soon as March 1st.The L7 is Li Auto’s fourth so-called new-energy vehicle, a classification that includes fully electric cars and plug-in hybrids. The other three are six-seaters. Following Apple Inc., Li Auto named the three variants under its latest model as L7 Air, L7 Pro, and L7 Max, which are equipped with different sensors, storage, intelligent driving hardwares, and so on.In terms of pricing and design, the L7 is being positioned to take on models including the Audi Q5, Mercedes-Benz GLC and BMW X3, as well as Tesla’s Model Y. Many potential buyers have owned Model 3 or Model Y cars, preliminary pre-orders show, Li said in aposton his Weibo social media account in January.Still, Tesla’s recent price cuts on its Chinese-made vehicles have brought the starting cost of the Model Y down far lower than the L7, to 259,900 yuan.The interior of the L7. Source: Li Auto Inc.Tesla isn’t alone in slashing prices on its cars as the EV market grows increasingly competitive. Chinese brands including Xpeng Inc. and Huawei Technologies Co.-backed Aito have also reduced theirs in recent months. Li Auto cut prices on some of its early models to clear inventory and avoid competing against its own newly-launched models.Even with Covid disruptions and an economic slowdown, retail sales of NEVs almost doubled to 5.67 million in China last year, according to Passenger Car Association data. Li Auto delivered 133,246 vehicles, an increase of 47% from 2021, helped by the addition of its L9 and L8 SUVs. The company’s first SUV model is the Li One.In the meantime, rather than solely relying on battery giant and Tesla supplier Contemporary Amperex Technology Co., Li Auto will work with local battery manufacturer Sunwoda Electronic Co. and Svolt Energy Technology Co. Ltd. on self-developed battery packs, which will be installed in the basic Air versions of L7 and L8, the CEO said.Li Auto, founded in 2015, may have to wait until 2024 to record its first annual operating profit, according to Bloomberg Intelligence, a year later than consensus estimates.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954938355,"gmtCreate":1675907837677,"gmtModify":1675907841287,"author":{"id":"3570598542159923","authorId":"3570598542159923","name":"ShawnKoh1","avatar":"https://static.tigerbbs.com/0045c4894f8a2755b17a9e8518df4d5e","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954938355","repostId":2309480510,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2309480510"}