Li Auto announced its 1,000th charging station milestone in China, unveiling its highest-altitude facility on Mount Everest. This marks significant progress in Li Auto’s charging network expansion, yet achieving its 2024 goal of 2,000 stations will require a rapid acceleration in installations.
Currently, Li Auto operates charging stations in 175 cities across 31 provinces, providing 4,888 chargers. The company launched its own supercharging network in early 2023, with the first trial stations opening in April last year. In March 2024, Li Auto set an ambitious target to reach 2,000 supercharging stations by year-end, a goal that will demand an average of 16 new installations daily—a sharp increase from the 2.4 stations per day added over the year’s first 10 months.
By 2025, Li Auto aims to have 4,000 supercharging stations, down from an initial target of 5,000. This scaled-back objective still aims to cover 90% of key highways and urban areas in Tier 4 cities and above. The company reaffirmed this during an earnings call, indicating the adjustment aligns with its revised strategy to support its first BEV, the Li Mega MPV.
Li Auto launched the Li Mega in March, alongside new L-series extended-range electric vehicles. However, Li Mega’s sales have fallen short of expectations, and further BEV releases are now delayed until early 2025, a shift aimed at realigning resources to bolster charging infrastructure and improve market uptake.
