LI AUTO-W (02015) surged nearly 4% in late trading, closing up 3.65% at HK$65.35 with a turnover of HK$687 million. Reports indicate that Li Auto is establishing an AI research and development center in Silicon Valley, focusing on intelligent technology. Recruitment for the center began several months ago.

Previously, Li Auto maintained a small North American R&D team supporting chip development and other AI-related projects. The new initiative aims to upgrade the Silicon Valley team into a full-fledged R&D hub. The expansion reportedly targets the advanced driver-assistance sector, seeking top-tier talent with cutting-edge AI expertise.

In addition to the Silicon Valley center, Li Auto's first overseas R&D facility is located in Munich, Germany. Opened in January this year, the Munich center specializes in next-generation technologies, including forward-looking styling, power semiconductors, smart chassis, and electric drive systems. Domestically, Li Auto operates two R&D centers in Beijing and Shanghai, primarily dedicated to core technological breakthroughs and vehicle development.