Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an
innovator in China’s new energy vehicle market, today announced a
three-way strategic cooperation with NVIDIA Corporation (“NVIDIA”),
the world's leading artificial intelligence computing company, and
NVIDIA's Chinese partner, Huizhou Desay SV Automotive (“Desay SV”).
Through this strategic cooperation, Li Auto will be the first OEM
equipping its vehicles, the full-size extended-range premium smart
SUV to be launched in 2022, with the powerful NVIDIA Orin SoC
chipset.
The NVIDIA Orin SoC was released in 2019 and is
scheduled to be in production in 2022. Orin uses a 7-nanometer
production process to achieve a computing power of 200 TOPS, 7
times that of the previous generation, the Xavier SoC. Even with
the significant improvement in computing performance, Orin's
baseline power consumption is just 45 watts, relatively equivalent
to the low power consumption of the previous generation SoC. In
addition, Li Auto will provide end users with upgradeable
solutions, ranging from L2+ autonomous driving with a single Orin
chip and 200 TOPS in computing power, to L4 with dual Orin chips
and 400 TOPS in computing power. In the future, the use of discrete
GPU can further increase the computing power up to 2000 TOPS
theoretically, which provides sufficient hardware capabilities for
L5 autonomous driving.
As leading automotive electronics products
suppliers, Desay SV will build on the powerful Orin SoC, and
provide an autonomous driving domain controller with excellent
performance. On this foundation, Li Auto will develop all
autonomous driving program design and algorithms, aiming to become
the first new energy vehicle company to independently develop L4
autonomous driving systems in China.
Kai Wang, chief technology officer of Li Auto,
said, “We look forward to cooperating with NVIDIA and Desay SV,
leveraging our respective strengths to provide users with a safer
and more convenient autonomous driving experience. As one of the
emerging powers in China’s new energy vehicle market, Li Auto plans
to further increase its research and development investment in
autonomous driving, while building the Company’s vehicles on a
solid hardware base by adopting NVIDIA’s next generation SoC for
autonomous driving – Orin. The in-depth cooperation with NVIDIA and
Desay SV will also help us accelerate our development in the field
of autonomous driving.”
Rishi Dhall, vice president of automotive
business development of NVIDIA, said, “Our next generation of
autonomous driving SoC, Orin, has achieved significant improvement
both in its computing power and energy efficiency. Through close
cooperation with companies such as Li Auto and Desay SV, we aim to
bring all new AI-based autonomous driving functions to the new
energy vehicles in China and around the world.”
Dapeng Gao, chief executive officer of Desay SV
commented, “As artificial intelligence continues to evolve, we are
collaborating with the industry’s best partners in order to
participate in the evolution of autonomous driving and providing
smart mobility solutions for our customers. We are excited to once
again cooperate with NVIDIA and work with Li Auto. As we develop an
autonomous driving system based on Orin’s superior computing power,
we will be able to bring an innovative driving experience to Li
Auto’s next generation vehicles, assisting Li Auto to develop smart
vehicles and promoting intelligent technologies for the automotive
industry.”
Benefitting from the powerful computing
performance and extensibility of NVIDIA Orin SoC, in addition to
the advanced autonomous driving domain controller developed by
Desay SV, Li Auto plans to achieve the full range of autonomous
driving in its next generation of vehicles.
About Li Auto
Inc.
Li Auto Inc. is an innovator in China’s new
energy vehicle market. The Company designs, develops, manufactures,
and sells premium smart electric SUVs. Through innovative products,
technology, and business model, the Company provides customers with
safe, convenient, and cost-effective mobility solutions. Li Auto is
the first to successfully commercialize extended-range electric
vehicles in China. The Company started volume production of its
first model, Li ONE, in November 2019. With Li ONE, the Company
leverages its in-house technology to create value for its
customers, focusing on range extension, smart technology, and
autonomous driving solutions. Beyond Li ONE, the Company aims to
expand its product line by developing new vehicles to target a
broader consumer base.
For more information, please visit:
http://ir.lixiang.com.
About NVIDIA
NVIDIA’s (NASDAQ: NVDA) invention of the GPU in
1999 sparked the growth of the PC gaming market, redefined modern
computer graphics and revolutionized parallel computing. More
recently, GPU deep learning ignited modern AI ― the next era of
computing ― with the GPU acting as the brain of computers, robots
and self-driving cars that can perceive and understand the world.
More information at http://nvidianews.nvidia.com/.
About Desay
SVDesay SV (SZ: 002920), one of the leading
automotive electronics companies, is committed to playing an active
and role in the transformation of future mobility. Desay SV will
continue and further enhance its investment in the focused areas of
vehicular interior cabin electrification & integration,
vehicular intelligence & security and vehicular internet &
connectivity. It offers a Smart Solution, which encompassing the 3
areas of Smart Cabin, Smart Drive & Smart Service, and provide
global customers with a safer, more comfortable and efficient
mobility.
Safe Harbor
Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Li Auto may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials, and in oral statements made by its officers, directors,
or employees to third parties. Statements that are not historical
facts, including statements about Li Auto’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Li Auto’s strategies, future business
development, and financial condition and results of operations; Li
Auto’s limited operating history; risks associated with
extended-range electric vehicles, Li Auto’s ability to develop,
manufacture, and deliver vehicles of high quality and appeal to
customers; Li Auto’s ability to generate positive cash flow and
profits; product defects or any other failure of vehicles to
perform as expected; Li Auto’s ability to compete successfully; Li
Auto’s ability to build its brand and withstand negative publicity;
cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to
develop new vehicles; and changes in consumer demand and government
incentives, subsidies, or other favorable government policies.
Further information regarding these and other risks is included in
Li Auto’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and Li Auto
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
Li Auto Inc.Investor RelationsEmail:
ir@lixiang.com
The Piacente Group, Inc.Yang SongTel:
+86-10-6508-0677Email: Li@tpg-ir.com
Brandi PiacenteTel: +1-212-481-2050Email:
Li@tpg-ir.com
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