Li Auto CEO Confirms No Imminent Overseas Market Plans

StreetInsider2023-07-21

Li Xiang, the CEO of Chinese electric automaker Li Auto (NASDAQ: LI), recently announced on Weibo, a Chinese Twitter-like platform, that the company currently has no intentions of expanding overseas. ...

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Instead, their primary focus lies in dedicating all resources and efforts towards accomplishing their annual sales target of 1.6 million vehicles by the year 2025.Xiang also emphasized that Li Auto maintains a direct-sale strategy, without utilizing any dealers overseas.“We will not authorize any agents and distributors, we will always adhere to the direct sales model, which is very healthy in the digital age, so don't worry about us.” Wrote Xiang.Additionally, Li Xiang revealed that during the initial two weeks of July, there were more than 200 instances of individual private parallel exports of Li Auto crossovers to various regions, such as Central Asia and the Middle East.“We have no right to limit the demand for private parallel exports, nor do we have any special prices.” — Li Xiang.Shares of LI ","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"translate_title":"李汽车首席执行官证实没有迫在眉睫的海外市场计划","themeId":"3f0205d455d44b1daf1b878ad762039f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LI":1,"02015":0.6},"content_text":"Li Xiang, the CEO of Chinese electric automaker Li Auto (NASDAQ: LI), recently announced on Weibo, a Chinese Twitter-like platform, that the company currently has no intentions of expanding overseas. Instead, their primary focus lies in dedicating all resources and efforts towards accomplishing their annual sales target of 1.6 million vehicles by the year 2025.Xiang also emphasized that Li Auto maintains a direct-sale strategy, without utilizing any dealers overseas.“We will not authorize any agents and distributors, we will always adhere to the direct sales model, which is very healthy in the digital age, so don't worry about us.” Wrote Xiang.Additionally, Li Xiang revealed that during the initial two weeks of July, there were more than 200 instances of individual private parallel exports of Li Auto crossovers to various regions, such as Central Asia and the Middle East.“We have no right to limit the demand for private parallel exports, nor do we have any special prices.” — Li Xiang.Shares of LI auto were up 0.19% on Thursday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.29.1","shortVersion":"4.29.1","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/2353251590"}