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On October 19, Li Xiang, CEO of Li Auto, posted that it is beneficial to industry development and consumer interests for automakers to conduct in-depth research on core battery technologies. Li Xiang stated that the industry's development requires both specialized suppliers with a deep understanding of products and OEMs that conduct in-depth research on core technologies; collaborative innovation between the two sides ultimately benefits users. Li Auto decided in 2020 to develop batteries in-house, hoping to start from whole vehicles and user needs and work with specialized partners to jointly promote technological progress. In addition, Li Auto will hold "PowerDay: Li Auto Electric Technology Launch Event" at 19:30 on October 20, where it will share its latest technological progress.
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