Li Auto Inc. (NASDAQ:LI) Q2 2023 Earnings Call Transcript

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Johnny Tie Li: Hi. I will take the R&D question first. We will continue to invest in the R&D for autonomous driving — either for autonomous driving or other areas of the BEV, if necessary. We still want to keep our full year R&D expenses above RMB10 billion. Thank you.

Xiang Li: [Foreign Language] [Interpreted] We’re very confident on the overall product leadership of Li L6. We believe that L6 will become the best-selling product across the L lineup. We will continue to invest in competitiveness and we believe it will be the product of choice in the price range for family users.

Operator: As we are reaching the end of our conference call, now I’d like to turn the call back over to the company for closing remarks. Ms. Janet Chang, please go ahead.

Janet Chang: Thank you once again for joining us today. If you have any further questions, please feel free to contact Li Auto’s Investor Relations team. You may disconnect your lines. Thank you.

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