Range-extended electric vehicles (REEVs), the cornerstone of Li Auto's lineup, face persistently declining sales in China. This decline is driven by the increasing dominance of pure battery electric vehicles (BEVs). The trend directly impacted Li Auto, which recorded its fifth consecutive monthly sales decline in the latest reported period.
The market shift stems from significant advancements in BEV technology. These improvements include longer ranges and the availability of ultra-fast charging, factors that have alleviated traditional consumer range anxiety.
Furthermore, the rapid expansion of charging infrastructure across China has diminished the key advantage REEVs once offered to consumers.