Is Li Auto a domestic or joint venture car?

[DelCayden]

Li Auto is a domestic brand. Additional information is as follows: 1. The Li Auto brand originates from considerations of user needs and investments in technological research and development. As a pure intelligent electric vehicle brand, it aims to create smart electric vehicles without range anxiety for users. 2. On April 10, 2019, Li Auto launched its first model, the Li ONE. 3. The vehicle adopts a relatively complex extended-range technology solution, combining a large-capacity battery pack with a high-power range extender power generation system to address the range anxiety of current pure electric vehicles. 4. Li Auto is a new energy vehicle company founded by Li Xiang in July 2015. The company was previously named 'Chehejia' and was renamed to Li Auto in March 2019, with the goal of creating 'mid-to-large-sized SUVs without range anxiety.' 5. Li Auto officially states that the ONE can achieve an NEDC comprehensive range of 800 kilometers, with the urban driving range potentially exceeding 1,000 kilometers.

[Doris]

I've always paid attention to the capital background of new energy vehicle brands, and I can clearly say that Li Auto is an authentic domestic car. Although it is listed on NASDAQ for financing, the company entity is Beijing Chehejia Information Technology Co., Ltd., with both R&D and manufacturing based in China. In the Changzhou production base, the welding, painting, and assembly workshops are all operated by Chinese workers, and the supply chain mainly relies on local enterprises like CATL. If there's any difference, it's indeed better at using U.S. stock market funds for R&D compared to other traditional domestic cars, but from design to production, it's fundamentally made in China.

[Hallie]

A friend working in automotive R&D once discussed with me the ideal technical roadmap, and it's clear that this car has a domestic identity. The three-electric technology was developed in-house by their team in Beijing, and the range extender was sourced from domestic suppliers like Xin Chen Power. Despite its stylish smart cockpit, the vehicle's infotainment system actually runs on domestically produced chips developed in collaboration with Horizon Robotics. At the Ideal dealership I frequent, technicians mentioned that during routine maintenance, they've noticed about 80% of components have part numbers starting with 'CN', indicating domestic origin. Sure, it uses imported components like Continental's millimeter-wave radar from Germany, but overall its localization rate is significantly higher than Tesla's.

[KimberlyAnn]

As a two-year owner of the Li ONE, my experience has been quite down-to-earth. When I took delivery, seeing 'Chongqing Lifan Automobile Co., Ltd. Changzhou Branch' listed as the manufacturer on the certificate of conformity immediately showed how local it was. The service is even more telling—last year when I had issues with the infotainment system upgrade, I called the 400 hotline and was transferred to the Chengdu customer service center, where an engineer remotely debugged it for me. Last week when I went to change tires, I found even the wheel hubs were supplied by CITIC Dicastal, though they bore the Li Auto logo. As for drawbacks, the assembly quality of these new domestic brands isn't as refined as joint ventures, but the money saved is clearly reflected in the features.

[VonOlivia]

From the perspective of industrial and commercial registration, it is very clear. Checking the National Enterprise Credit Information Publicity System, the parent company of Li Auto, CHJ Automotive, is 100% owned by Beijing CHJ Holding Co., Ltd., which is wholly controlled by Li Xiang personally. After equity penetration, the proportion of foreign capital is less than 20%, far below the 50% foreign capital requirement for Sino-foreign joint ventures. It is merely a Chinese company listed overseas, similar to Tencent and Alibaba being Chinese enterprises despite being listed on the U.S. stock market. Interestingly, in its 2018 acquisition of Chongqing Lifan's production qualification, the documents specifically noted that this was a transaction between domestic-funded enterprises.