"Founded by Li Xiang in 2015, the company mainly builds electric vehicles that use range extenders for a power supply."
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"Founder and CEO Li Xiang is gunning for between 52,000 and 55,000 deliveries in the first quarter of this year, which would mean a YoY gain of nearly 69% at the midpoint. "
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"The EV maker's CEO Li Xiang has reportedly said the battery costs have risen by a ridiculous amount in the second quarter."
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"Earlier this year, Li Auto Inc. CEO Li Xiang said automakers should limit the use of terms like "autonomous" and "self-driving," because they are misleading the technology for total hands-off driving doesn't yet exist."
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"The 2021 Li One received rave reviews and strong endorsement from users, resulting in cumulative deliveries of over 70,000 vehicles," founder and Chief Executive Officer Li Xiang said in the statement."
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"This was the first electric vehicle ever released by XPeng, and is a direct competitor to Nio's new ES3 vehicle, Li Auto's (NASDAQ:LI) Li Xiang ONE, and of course the Tesla Model Y. Nio's ES3 joins the ES6 and ES8 versions, which are larger, but rounds out Nio's lineup as the domestic leader in electric SUVs."
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"He started Nio in late 2014with funding from a group of well-known investors, including Li Auto founder Li Xiang and Richard Liu, the founder of e-commerce portal JD.com. "
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"The U.S.-listed shares of Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang's Li Auto Inc. is down 27% from its early-January peak. "
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"The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index."
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