Li Auto Inc. is a technology-driven new energy vehicle manufacturer in China that designs, manufactures, and sells Extended Range Electric Vehicles (EREVs) and Battery Electric Vehicles (BEVs) to premium customers in China's automotive market. The company generates revenue primarily through vehicle sales using a direct-to-consumer model via owned retail stores and a made-to-order purchasing process, complemented by ancillary revenue from extended warranties, charging services, vehicle internet services, and financing partnerships. Li Auto differentiates itself through vertical integration of proprietary technologies including autonomous driving capabilities, intelligent cockpit systems, AI inference chips, and operates its own manufacturing facilities and charging network infrastructure, with substantial ongoing investment in research and development.