Li Auto CEO Li Xiang: The iteration of intelligent driving technology drives the demand growth for AD Max models. Li Auto will continue to increase investment in AI technology

"In the market for passenger cars priced above 200,000 yuan, Li Auto has maintained its position as the sales champion for Chinese brands for eight consecutive months. From August to October this year, it surpassed Audi and BMW in sales in the Chinese market for three consecutive months. The cumulative delivery volume of the Li L6 has exceeded 160,000 units, and since June, it has ranked first in sales among Chinese brand cars priced above 200,000 yuan. The iteration of intelligent driving technology has driven the demand for the AD Max model, with the sales proportion of AD Max for models priced above 300,000 yuan exceeding 70%, and for models priced above 400,000 yuan, the sales proportion exceeds 80%. In November, we pushed the OTA 6.5 version of the vehicle system to users, upgrading the experience of intelligent driving, intelligent space, and intelligent electric products, becoming the world's first automaker to fully push 'parking space to parking space' one-click intelligent driving based on end-to-end + VLM technology. Li Auto will continue to increase investment in AI technology, maintaining product vitality through OTA upgrades throughout the product lifecycle, providing users with higher quality companionship," said Li Xiang, Chairman and CEO of Li Auto. As of November 30, 2024, Li Auto has established 475 retail centers nationwide, covering 141 cities; there are 451 after-sales service and authorized body repair centers, covering 223 cities. Li Auto has put into operation 1,135 Li Supercharging stations nationwide, with 5,680 charging piles