How is the compensation at Li Auto?
3 Answers
Li Auto offers decent compensation. Introduction: Li Auto is a luxury intelligent electric vehicle brand with the mission of creating a mobile home and a happy home. The company was founded in July 2015, headquartered in Beijing, with its own production base located in Changzhou, Jiangsu. Li ONE: Li Auto's first product, the Li ONE, was launched in October 2018. It is an intelligent electric mid-to-large SUV equipped with leading extended-range electric technology and intelligent technology, providing a comfortable 6-seater space for family users. In 2020, the Li ONE became the sales champion in China's new energy SUV market.
Last year I received an R&D position offer from Li Auto, and the compensation package is truly competitive within the industry. The base monthly salary starts at 20k, and with quarterly bonuses and year-end incentives, the total annual package easily exceeds 300k. Their salary structure is very transparent, clearly divided into three components: base salary, performance bonus, and equity incentives. The equity portion is distributed over four years, and while it may not seem substantial initially, it proves to be quite beneficial in the long run. I particularly appreciate their housing provident fund policy, which is contributed at the maximum rate of 12%, significantly reducing the pressure of buying a home. Overtime pay is also fairly compensated, and in my two years of working there, I've never encountered any delays in payment. However, to be honest, the high-intensity work does require an adjustment period, and newcomers might find the first three months particularly stressful.
My cousin has been working at Li Auto for over half a year, and he mentioned that the company places great emphasis on nurturing new employees. During the internship period, each newcomer is assigned a mentor for comprehensive guidance, and upon becoming a regular employee, the salary increases by about 25%. They have an excellent internal promotion channel where outstanding employees can get promoted and receive a raise within six months. The benefits are truly unbeatable—comprehensive social insurance and housing fund, plus additional commercial insurance. The best part is the housing subsidy, which covers 50% of the rent for apartments near the company. The daily free buffet offers a wide variety of options, and the gym is equipped with the latest fitness equipment. However, the working hours are not very flexible, and the clock-in system is quite strict. Overall, it's a great place for fresh graduates to gain experience, though the fast-paced work environment requires strong stress tolerance.
