BEIJING - Li Auto (NASDAQ:LI) Inc. (NASDAQ:LI; HKEX:2015), a key player in China's new energy vehicle market, has announced the launch of its new Li L6, a premium five-seat family SUV, with deliveries set to begin this month. The vehicle will be available in two trims, Pro and Max, priced at RMB 249,800 and RMB 279,800 respectively.
The Li L6 boasts a spacious interior and a suite of luxury features. It measures 4,925mm in length, 1,960mm in width, 1,735mm in height, and has a wheelbase of 2,920mm. The SUV's first-row seats offer ventilation, heating, and a massage function with ten acupressure points, while the driver benefits from an adjustable heated steering wheel with grip sensors.
Second-row passengers can enjoy a comfortable ride with generous legroom and headroom, electric seat adjustments, heating, and ventilation, along with independent air conditioning and a panoramic sunroof. The Li L6 Max also includes a compressor-based refrigerator as standard. The vehicle's trunk features electric folding rear seats to maximize storage space.
Performance and safety are also emphasized in the Li L6. It is equipped with the company's latest generation lithium iron phosphate battery, providing a range of 1,390 kilometers and 212 kilometers in EV mode. The SUV's dual-motor all-wheel drive allows acceleration from 0 to 100 km/h in 5.4 seconds. Safety features include nine airbags and an enhanced AEB active safety system.
The SUV's smart space and autonomous driving capabilities are notable, with both trims featuring a four-screen interaction system powered by the Qualcomm (NASDAQ:QCOM) Snapdragon 8295P chip. Li L6 Pro includes the Li AD Pro autonomous driving system, while the Max trim boasts the Li AD Max system with more computing power. These systems are set to receive updates, including expanded city NOA coverage and improved active safety features.
Li Auto Inc . is recognized for its innovative approach to the new energy vehicle market, focusing on extended-range electric vehicles and smart vehicle solutions.
This release is based on a press release statement.
InvestingPro Insights
As Li Auto Inc. (NASDAQ:LI; HKEX:2015) rolls out its new Li L6 SUV, investors and potential buyers may be interested in the company's recent performance metrics. Over the past week, the stock has seen a modest increase, with a 1 Week Price Total Return of 0.25%. Looking at a broader timeframe, the 1 Month Price Total Return stands at 1.3%, indicating a steady uptick in investor confidence. Furthermore, the Price % of 52 Week High is at a robust 97.36%, showcasing how the stock is currently trading close to its peak over the last year.
With regard to the InvestingPro Tips for Li Auto Inc., it's worth noting that the stock generally trades with low price volatility, which may appeal to investors looking for stability in their portfolio. However, the company suffers from weak gross profit margins, and its valuation implies a poor free cash flow yield, which could be areas of concern for potential investors. Moreover, Li Auto does not pay a dividend to shareholders, which might influence the investment decisions of those seeking regular income.
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