(Yicai) Oct. 16 -- Li Auto has become the first Chinese new energy vehicle startup to produce one million cars, with the one-millionth vehicle rolling off the assembly line at its factory in
The company will use these electric drives in its BEV models that will enter the market later this year. Li Auto showed the manufacturing process of their electric drives for the first time. Li Auto is a well-known Chinese car maker, which has been selling extended-range electric vehicles (EREVs) since 2018.
The battery electric vehicle platform roadmap will target 1000 km as the desired maximum range of the BEV platform that is developed. This is benchmarked off of the top-end range of internal combustion engine vehicles on the market today.
The Battery Electric Vehicle (BEV) platform, a level 2 roadmap, represents the critical product/system of the Battery Electric Platform that is integrated within a broader electrified vehicle.
On February 13, Li Auto shared the first video of their electric drive assembly. At the same time, the company announced that it has started the mass production of the self-developed silicon carbide (SiC) power modules. Li Auto underlined that its new power module is being mass-produced at the company’s Suzhou Semiconductor Production Base.
Our target is to develop the next generation of battery electric vehicle platforms with a target on a fully redefined platform by 2035, but with updates to our existing platforms along the way. Over this time we aim to achieve a range of 1000 km and charging rates of 50 km/min or greater in our platform.
Modular architectures/platforms for battery electric vehicles are typically comprised of a battery pack, on board charging module, integrated power electronics, drive units, and a chassis with a wheelbase. Multiple different vehicle bodies and accompanying features may then be built upon these platforms.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
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