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Li Auto (LI) plans to nearly triple EV line-up by 2025

April 18, 2023 8:08 AM

Chinese electric automaker, Li Auto (NASDAQ: LI) announced Tuesday, plans for the company to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher.

Li Auto's president and chief engineer Ma Donghui told reporters at the Shanghai auto show that the line-up by 2025 will include one flagship model, five range-extended electric models and five high-voltage pure electric models.

The electric vehicle company currently makes the Li One sport utility vehicle (SUV), one of the best-selling cars in China. The company delivered 257,334 vehicles in total in 2022, its other models being the L7, L8 and L9, also SUVs.

The company also said that it plans to complete the construction of over 300 high-speed supercharging stations across China's four major economic belts, including the Yangtze River Delta and the Beijing-Tianjin-Hebei region, by the end of this year.

By 2025, Li Auto plans to build more than 3,000 supercharging stations across China, which would cover 90% of the country's major cities and highways.

Shares of LI are down 1.45% in pre-market trading on Tuesday.

By Michael Elkins | [email protected]

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