CONNECT WITH US
EV & Mobility

EV & Mobility

Li Auto accelerates Asia-Pacific expansion as 5 markets including Thailand and Hong Kong prepare for launch

CnEVPost logo

Published on

Add as a preferred source on Google
Li Auto accelerates Asia-Pacific expansion as 5 markets including Thailand and Hong Kong prepare for launch

Li Auto (NASDAQ: LI) has signed partnership agreements covering Thailand, Hong Kong, Singapore, the Philippines and Vietnam, accelerating the buildout of its Asia-Pacific sales network and paving the way for right-hand-drive models.

The Chinese electric vehicle maker announced the agreements in a statement on Tuesday, saying the 5 markets had entered launch preparations.

Li Auto signed partnership agreements in Macao, Cambodia, Laos and Myanmar in April and officially launched its brand in Macao in June. The latest signings expand its Asia-Pacific footprint to 9 markets this year.

Under the arrangements, a Li Auto subsidiary will operate the Thai business, with Evante and Infinite Automobile Company serving as dealer partners.

Zung Fu Group Hong Kong will serve as the general distributor in Hong Kong, while Wearnes Automotive will be the partner in Singapore.

The partners in the Philippines and Vietnam are Dangdang New Energy Auto Service and Neera Motors, respectively.

Li Auto plans to debut the right-hand-drive Li Mega at the Thailand International Motor Expo in December, followed by a brand launch and a launch of the model in Hong Kong.

The Li Mega is Li Auto's flagship battery electric MPV (multi-purpose vehicle) and its first right-hand-drive flagship model. The company said it would introduce more than 1 right-hand-drive model within 1 year, without naming the other models.

The statement did not disclose vehicle prices or specific delivery dates for these markets, nor launch timelines for Singapore, the Philippines and Vietnam.

For right-hand-drive markets, Li Auto has developed a Li Mega version supporting 11 kW charging and featuring a CCS Type 2 connector, with configurations designed to meet ASEAN NCAP 5-star safety standards.


Source link
Related Topics:EV & Mobility

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.