Li Auto Has a Strong PHEV Portfolio but Lacks a Clear BEV Strategy and Track Record

Li Auto is a leading new energy vehicle manufacturer in China, producing plug-in hybrid electric SUVs for family car use. Li Auto put a lot of effort into its range-extension powertrain, which has become a key selling point for its value-for-money vehicles. As it uses less battery, plug-in hybrid electric vehicles offer significant price advantages compared with battery electric vehicles. Its first model, the six-seater Li One SUV, is built on its proprietary extended-range electric vehicle technology, offering a total driving range of 800 kilometers. Unlike competitors, Li Auto adopts a single-point pricing strategy for enhanced price transparency.