* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Li Auto CEO Addresses Challenges and Announces Strategic Shift in Sales

March 22, 2024
in Technology
Li Auto CEO Addresses Challenges and Announces Strategic Shift in Sales
Share on FacebookShare on Twitter

On March 21, Li Auto‘s CEO, Li Xiang, issued an internal letter reviewing the company’s recent business operations. He acknowledged missteps in the rollout of the company’s latest MEGA model, a flagship electric vehicle, admitting to a misjudgment in the strategic pacing.

Li Xiang reflected on the transition from the initial commercial validation phase of the MEGA model (the 0-to-1 stage) to the high-speed development phase (the 1-to-10 stage), stating that the company had mistakenly rushed the process. This rush not only affected the MEGA model’s performance but also had a knock-on effect on the sales of the L series models. The sales team, he noted, had significantly reduced time and energy to dedicate to the L series customers due to the chaotic pace of the MEGA rollout.

In response to these challenges, Li Xiang announced a strategic shift in sales. The company plans to abandon its previous all-encompassing sales strategy, instead focusing on large retail centers in top-tier cities for product experiences and test drives. Li Auto also plans to accelerate the construction of supercharging stations in these cities. Once the company effectively navigates the initial commercial validation stage, it intends to expand its promotion to more cities and larger user groups.

Despite the lukewarm reception of the MEGA model post-launch, with sales underperforming expectations, Li Xiang remains optimistic. He addressed the company’s previous overemphasis on sales volume and expressed a commitment to lowering sales expectations. The new focus, he stated, would be on healthy growth, improving user value, and enhancing operational efficiency.

Li Xiang’s confidence is not without merit. Li Auto‘s 2023 financial report showed impressive figures. The company reported a total revenue of 123.85 billion yuan, a year-on-year increase of 173.5%, making it the first Chinese new car-making force to exceed an annual revenue of 100 billion yuan. The company also reported a net profit of 11.81 billion yuan, marking a significant milestone of comprehensive profitability since delivery. The annual delivery volume stood at 376,000 units, a year-on-year increase of 182.2%.

In the first two months of this year, Li Auto has already delivered 31,200 units in January and 20,300 units in February, demonstrating a promising start to the year despite the recent challenges.

SEE ALSO: BYD Expands into Greek Automobile Market with the Launch of BYD ATTO3

Sign up today for 5 free articles monthly!

Pandaily Substack subscribe

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/li-auto-ceo-addresses-challenges-and-announces-strategic-shift-in-sales/

Tags: addresseschallengestechnology
Previous Post

BYD Expands into Greek Automobile Market with the Launch of BYD ATTO3

Next Post

China’s Leading FMCG B2B Platform Alibaba LST Is Making Business Adjustments

California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

June 4, 2025
Altera Digital Health Collaborates With MCAG Amid $2.8B Blue Cross Blue Shield Provider Settlement – Business Wire

Altera Digital Health Teams Up with MCAG Following Major $2.8B Blue Cross Blue Shield Settlement

June 4, 2025
Appeals court upholds New York’s Reproductive Health Act – Spectrum News

Victory for Women’s Rights: Appeals Court Affirms New York’s Reproductive Health Act

June 4, 2025
When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

June 4, 2025
Busy summer sports slate includes Jake Paul vs. Julio Caesar Chavez, Canelo-Crawford bout – El Paso Times

Busy summer sports slate includes Jake Paul vs. Julio Caesar Chavez, Canelo-Crawford bout – El Paso Times

June 4, 2025
Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

Experimental ecology and the balance between realism and feasibility in aquatic ecosystems – Nature

June 4, 2025
The Science of Scent: How Israeli Innovation is Redefining Perfume and Wellness – The Jerusalem Post

Unlocking the Power of Scent: How Israeli Innovations are Transforming Perfume and Wellness

June 4, 2025
Accidental discovery at New York planetarium unlocks secret into universe’s inner workings – PBS

Serendipitous Find at New York Planetarium Reveals Secrets of the Universe!

June 4, 2025
Lifestyle choices at 60 linked to dementia risk decades later, study shows – ABC News

How Your Lifestyle Choices at 60 Could Impact Dementia Risk Later in Life

June 4, 2025
GBH layoffs hit 45 staffers less than a month after World cuts – Current – For people in public media

GBH Cuts Deep: 45 Staff Members Laid Off Just Weeks After Major Restructuring

June 4, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (665)
  • Economy (679)
  • Entertainment (21,586)
  • General (15,261)
  • Health (9,722)
  • Lifestyle (682)
  • News (22,149)
  • People (680)
  • Politics (689)
  • Science (15,899)
  • Sports (21,184)
  • Technology (15,666)
  • World (666)

Recent News

California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

June 4, 2025
Altera Digital Health Collaborates With MCAG Amid $2.8B Blue Cross Blue Shield Provider Settlement – Business Wire

Altera Digital Health Teams Up with MCAG Following Major $2.8B Blue Cross Blue Shield Settlement

June 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version