Li Auto, also known as Li Xiang, was founded in July 2015. The company is a Chinese electric vehicle manufacturer that focuses on creating smart, electric SUVs with innovative technology and design. Primarily known for its range-extended electric vehicles (EVs), it launched its first model, the Li ONE, in November 2019. The Li ONE is a range-extended electric SUV, combining an electric motor with a gasoline engine to extend its driving range, distinguishing it from purely battery electric vehicles (BEVs).