Li Auto's CEO Li Xiang discusses the company's 2026 outlook and AI strategy. For 2026, Li Auto expects continued growth in EV penetration in China, with competition shifting from growth to market share. Brand will play a crucial role in consumer decisions, with top brands likely to increase market share. The company plans to complete its product portfolio with several new car launches in 2026, covering both extended-range and pure electric vehicles across different price ranges. Li Auto will increase investments in autonomous driving and AI technologies to maintain their competitive edge. On the AI front, Li Xiang emphasizes the importance of developing a foundational model that combines spatial intelligence, language understanding, and end-to-end driving capabilities to achieve human-like performance in autonomous driving.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.