Li Auto President on EV Market, Chipmaking

The transcript discusses the future of China's new energy vehicle market, with projections of 8 million annual sales by 2025. Lee Auto aims for a 20% market share, translating to 1.6 million cars. The company plans significant expansion, including new production centers and continuous capital raising through equity and debt. Challenges include chip supply issues, while legacy brands struggle to meet evolving customer demands. Lee Auto is cautious about entering international markets, focusing on understanding customer needs first.

What is Lee Auto's target market share in China's new energy vehicle market by 2025?

• 25%

• 20%

• 15%

• 10%

How many cars does Lee Auto plan to produce annually to achieve their market share target?

• 1 million

• 2.5 million

• 1.6 million

• 2 million

What is Lee Auto's strategy for funding their expansion plans?

• Using government grants

• Relying solely on equity

• Crowdfunding

• Using both equity and debt

What is the current situation regarding the supply of chips for Lee Auto?

• There is no shortage of chips

• The situation is better than the end of last year

• The situation is worse than last year

• The shortage has been completely resolved

How are legacy brands like BMW and Mercedes performing in the new energy vehicle market according to the transcript?

• They are leading the trend

• They have exited the market

• They are dominating the market

• They are struggling to catch up