Li Auto Inc. has released a business update highlighting significant developments and financial results. The company continues to build on its limited operating history by targeting broader user bases with plans to expand its product lineup, including models like the Li L7 and Li L6 SUVs. Despite inherent risks associated with extended-range electric vehicles and high-power charging battery electric vehicles, Li Auto is focusing on strategies to enhance its manufacturing capabilities and customer appeal. Li Auto's board comprises both executive and non-executive directors, with Mr. Li Xiang serving as Chairman. The company remains committed to developing high-quality vehicles and generating positive cash flow and profits, though it acknowledges the challenges posed by product defects, competition, and changes in consumer demand. The company advises shareholders and potential investors to exercise caution when dealing with its securities, given the uncertainties associated with forward-looking statements. Further details on these risks and developments are outlined in the company's filings with the SEC and the HKEX.