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Li Auto Launches Two Large Smart SUV For Families

  • Li Auto Inc (NASDAQ: LI) has unveiled Li L8, a six-seat, large premium smart SUV for families, and Li L7, a five-seat, large flagship smart SUV for families.

  • The company also announced that the deliveries of Li L9 exceeded 10,000 units in September.

  • Both Li L8 and Li L7 are available in two trim levels, Pro and Max, to provide users with flexible choices.

  • The models have over 100 features for comfort, sumptuousness, safety, and smartness.

  • Both Li L8 and Li L7 employ the company's new generation all-wheel drive range extension system, supporting a CLTC range of 1,315 kilometers and a WLTC range of 1,100 kilometers.

  • Powered by a QUALCOMM Inc (NASDAQ: QCOM) Snapdragon automotive-grade 8155 chip, the smart space Pro system for Li L8 and Li L7's Pro trim level features dual 15.7-inch 3K resolution LCD screens and 19 speakers combined with a 7.3.4 surround sound system.

  • The smart space Max system utilized in both models' Max trim level is powered by two Qualcomm Snapdragon automotive-grade 8155 chips and boasts three 15.7-inch LCD screens, 21 speakers, 7.3.4 surround sound system.

  • The retail prices for Li L8 Pro and Li L8 Max are RMB359,800 and RMB399,800, and for Li L7 Pro and Li L7 Max are RMB339,800 and RMB379,800.

  • Li L8 showroom models will arrive at Li Auto retail stores starting on October 1, 2022, with delivery to commence in early November.

  • The delivery of Li L7 will commence in the first quarter of 2023.

  • Price Action: LI shares are trading lower by 1.50% at $23.02 in premarket on the last check Friday.

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