What are Li Auto and NIO?

[Karla]

Li Auto and NIO are both new energy vehicle brands. Here is some information about new energy vehicles: 1. Purchase subsidies: Buyers can receive financial subsidies from both national and local governments when purchasing new energy vehicles. 2. License plate policies: According to regulations, new energy vehicles are exempt from vehicle purchase tax and license plate fees, and new energy license plates do not require lottery draws or auctions. 3. Beijing: Within the administrative area of Beijing, official vehicles of central state organs, party and government agencies at all levels, social organizations, public institutions, and state-owned enterprises affiliated with the central government and Beijing municipality must suspend operation for one day per week (from 0:00 to 24:00) based on the last digit of their license plate number, applicable to all roads within the city's administrative area. Except for certain work vehicles, new energy pure electric passenger cars are also exempt from traffic restrictions during peak hours on weekdays.