TP’s Substack • 15 implied HN points • 27 Nov 24
- Li Auto has a strong sales and product design team, but it faces tough competition from other automakers. Its sales have dropped recently, showing it might struggle to keep growing.
- Other companies, like BYD and Huawei, are releasing new models that might outperform Li Auto's offerings. This increased competition can make it harder for Li Auto to attract customers.
- Li Auto may have trouble keeping its costs down because it's unlikely to access the same high-performing batteries that competitors use. This could make it difficult for them to price their vehicles competitively.