Li Auto initiated a significant product line restructuring following the departure of former president Zhang Xiao, dividing its offerings into two distinct lines to enhance market competitiveness.
- The reorganization establishes two lines: one led by Tang Jing (covering MEGA, L9, L8, and L7 products).
- The second line will be headed by Li Xinyang, focusing on the i series and the L6 model.
- Shares were trading at $17.00, marking a slight gain of +0.09% following the announcement.