Chinese electric vehicle maker Li Auto has taken an exciting step forward by launching its first international research and development center in Munich, Germany. This move is part of the company’s broader ambition to amplify its presence in overseas markets.
The new German R&D hub is set to work closely with European component manufacturers, focusing on cutting-edge technology advancements. These include AI innovations, power semiconductors, smart chassis systems, electric drivetrains, and overall vehicle design. Li Auto aims to enhance its technological capabilities and adapt to the European market’s unique demands, ensuring that its products meet regional automotive standards and consumer tastes.
In a statement, Li Auto’s CEO, Ma Donghui, expressed enthusiasm about this new venture, noting that it marks the beginning of the company’s global strategy. He highlighted that nearly fifty percent of their R&D budget is currently being channeled into AI technologies, signifying the importance of this area in their long-term plans.
Having started in 2015, Li Auto has quickly positioned itself as a successful player in the Chinese EV sector. Last year alone, the company witnessed a 33% surge in global sales, achieving a total of 500,508 battery electric vehicle sales. This brought their combined sales tally to an impressive 1,133,872 units.
Originally reported by Just Auto, a publication under GlobalData, this news marks a significant milestone in Li Auto’s journey.
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