Li Auto is shifting strategy to install its own battery systems across all vehicle models in response to tightening profit margins in the electric vehicle market. The move aims to reduce reliance on third-party suppliers and potentially lower costs by integrating proprietary technology. Industry analysts suggest this could signal broader industry trends as automakers seek greater control over production expenses amid rising competition. The decision follows increasing pressure on vehicle margins, prompting manufacturers to explore in-house solutions for key components.
Li Auto to Put Its Own Batteries in Every Model Amid Vehicle Margin Pressure eletric-vehicles.com
