Li Auto sets development goals for the next five years

At the Q3 earnings call, Li Xiang, CEO of Li Auto, set five major development goals for the next five years, including maintaining a top-five position and striving for a top-three position in the high-end pure electric vehicle market by the end of 2025, achieving monthly sales of 18,000-20,000 pure electric vehicles, ranking first in short-term space intelligence and among the top three in large language model, achieving L4 autonomous driving by 2027, with overseas sales accounting for 30%, R&D exceeding 12 billion yuan by 2025, and mass-producing self-developed chips for vehicles by 2026.