Question · Q2 2025
Jin Chang from CICC asked for more details on the underlying successful experiences of the L90 and ES8 models, beyond technology and platform upgrades, specifically regarding changes in supply chain and dealer networks that contributed to their enhanced product capability and competitive pricing with solid gross profit margins.
Answer
William Li, Founder, Chairman of the Board, and CEO, through a translator, attributed success to continuous tech innovation, including the 900V high-voltage platform, integrated design, and the in-house developed smart driving chip (NX9031), which offer cost and user experience advantages. Stanley Qu, CFO, and a translator added that supply chain strategy adjustments, focusing on win-win partnerships with long-term potential, have been crucial for achieving competitive cost structures for new models.