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 by 2025?

How many cars does Lee Auto plan to produce annually by 2025?

What strategies does Lee Auto intend to use to achieve its production goals?

What challenges does Lee Auto face regarding chip supply?

How does Lee Auto plan to approach entering new markets?