Author: Eric Walz
China’s latest producer of new energy vehicles, Lixiang Automotive Inc. (Li Auto), has reported strong sales for its first vehicle, the Li ONE SUV. Li Auto is one of a new generation of new energy and electric vehicle startups, including Xpeng Motors and NIO Inc., which are becoming rivals of US automaker Tesla in China.
Li Auto announced on Oct. 18 that it delivered more than 20,000 Li ONE SUVs in the past ten months, the fastest among all local new energy vehicle startups, according to the Chinese Automotive Journal. Gasgoo reports. The Li ONE is the company’s first vehicle.
The Li One SUV is classified as a “New Energy Vehicle” (NEV) in China. NEVs include fully electric or hybrid powertrain models.
According to data from China Automotive Technology & Research Center, the Li ONE ranked first in the new-energy SUV segment based on the number of new insurance registrations in September.
The Li ONE had 3,830 insurance records last month, surpassing the NIO ES6 and the Tesla Model X, while the total insurance records for the first nine months of 2020 reached 18,722 units. NIO delivered 3,210 of its ES6 SUVs in September.
While most Chinese auto startups build fully electric vehicles, Li Auto’s ONE SUV allows drivers to charge the battery with either electricity or gas. Li Auto calls the design “Extended Range EV (EREV) technology” and it is apparently attracting the interest of Chinese consumers.
Although the Li ONE is powered by its electric motors while cruising, the power source for the electric motors comes from both its battery and its range extension system which includes a turbocharged internal combustion engine of 1. , 2 dedicated liter and a 100 kW electric generator. A component called a speed reducer used to connect the two power sources together.
The electric drive part of the Li ONE consists of a 140 kilowatt rear drive electric motor powered by a 40.5 kilowatt-hour battery. The SUV also includes an 11.9 gallon fuel tank for the dedicated gasoline engine. This small heat engine makes it possible to produce electricity to recharge the vehicle’s battery, but it also makes it possible to extend the overall range.
With this setup, the Li ONE offers an NEDC range of 800 kilometers (497 miles), acceleration from zero to 62 mph in 6.5 seconds, according to Li Auto.
Li AUTO cites the limited access to electric vehicle charging infrastructure in China as one of the reasons for designing its SUV with a smaller internal combustion engine rather than building a fully electric vehicle as most do. Chinese car manufacturers.
Like Tesla vehicles, the Li ONE supports over the air (OTA) software updates. The company takes owner feedback into account, which it tries to address in every update. In the past ten months, Li Auto has released 9 separate OTA updates that continuously improve the user experience. The latest software update will be applied to Li ONE vehicles from tomorrow.
The latest updates include a total of 20 new features, such as a “car cleaning mode”, which can avoid frequent locking or unlocking when cleaning the car, and improved charging reservations, which can allow users to choose charging time and mode.
In July, Li Auto Raised More Than $ 1.4 Billion In Its U.S. IPO (IPO). Its shares are listed on the Nasdaq under the symbol “LI”. Like its Chinese rivals Xpeng Engines and NIO which are both publicly traded companies in the United States, Li Auto hopes to capitalize on the strong investor interest in electric vehicles, which pushed Tesla’s stock to record highs last summer.
Rival EV start NIO debuted on the New York Stock Exchange (NYSE) under the symbol “NIO” on September 12, 2018. While Xpeng Motors went public over the summer and is listed on the New York Stock Exchange under the symbol “XPEV”.
Li Auto is headquartered in Beijing and manufacturing facilities in Changzhou. The company has 35 malls in 30 cities and five more malls will be added in October, according to Gasgoo.
The new energy vehicle startup will continue to develop new SUV models, including a full-size premium electric SUV that will arrive in 2022. Li Auto also plans to expand its product portfolio with mid-size and compact SUV models. in order to attract new customers. .