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1、Li Auto Inc.Environmental,Social and Governance Report 2024Content5067537059738286849598243339101517194402030406070803Low-Carbon Operation and Green Ambition 04Inclusive Care and Shared GrowthClimate Change ResponseTalent AttractionSustainable Product and TechnologyTalent GrowthGreen OperationSafety
2、 and Health05Community Contribution for a Better SocietyAppendixSocial ResponsibilityESG Key Performance IndicatorsCollaboration with UsersHKEX ESG Reporting Code Content IndexGRI Content Index02Innovative Pioneer and Outstanding ProductInnovation and DevelopmentProduct Quality and SafetySupply Chai
3、n ManagementUser ServiceCorporate GovernanceRisk ManagementBusiness EthicsCybersecurity01Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green A
4、mbitionIntroductionAbout the ReportAbout UsSustainability Practices2024 ESG Highlights2024 Honorary AccoladesIntroduction01Compliant Operation and Responsible GovernanceThis is the 2024 Environmental,Social and Governance Report(“ESG1 Report”)released by Li Auto Inc.(a company controlled through wei
5、ghted voting rights and incorporated in the Cayman Islands with limited liability).It aims to showcase the ESG strategies,management and practices of Li Auto Inc.,its main subsidiaries and consolidated affiliated entities as listed in its annual report(the“Company,”“Li Auto,”or“we”).The materials an
6、d data disclosed in this report cover Li Auto Inc.,its main subsidiaries as listed in its annual report and consolidated affiliated entities2.The information covers the period from January 1,2024 to December 31,2024(the“reporting period,”“this year,”or“2024”),unless otherwise stated.All materials an
7、d data referred in this report are sourced from our official documents,statistical reports and financial reports,which have been collected,summarized and reviewed by relevant departments.Unless otherwise stated,the reporting currency herein is Renminbi(RMB).Parts of this report are forward-looking s
8、ubject to uncertainties,which could cause actual results to differ materially from those presented.The Company undertakes no obligation to update any forward-looking statements provided in this report.This report is compiled in accordance with the Environmental,Social and Governance Reporting Guide
9、in the Appendix C2 to the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited,as well as its principles of Materiality,Quantitative,Balance,and Consistency.This report also follows the core framework the GRI3 Sustainability Reporting Standards.Furthermore,this report draws reference
10、from mainstream ESG rating indices such as MSCI4,S&P CSA5 as well as incorporates the recommendations of SDGs6 and ISSB7 into its drafting process.This report has been reviewed and approved by the Board of Directors on April 10,2025.This report is available on the website of HKEX(www.hkexnews.hk)and
11、 our IR website(https:/)in simplified Chinese,traditional Chinese and English.IntroductionReporting ScopeSources of InformationDisclaimerBasis of PreparationReport Approval and AccessAbout the Report 123456703ESG,Environmental,Social and Governance.The Data is mainly collected from business entities
12、 in Beijing and Changzhou.Entities in Shanghai provide data on R&D expenditures and employees for this report.GRI,Global Reporting Initiative.MSCI,Morgan Stanley Capital International.S&P CSA,S&P Global Corporate Sustainability Assessment.SDGs,Sustainable Development Goals,include 17 global developm
13、ent goals adopted by the United Nations to guide global development from 2015 to 2030.ISSB,International Sustainability Standards Board.01Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and
14、Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionAbout Us04Li Auto Inc.is a leader in Chinas new energy vehicle(NEV)market.Our mission is to“Create a Mobile Home,Create Happiness”(“创 造 移 动 的 家，创 造 幸 福 的 家”).We design,develop,manufacture,and sell premium smart electric vehicles.Thr
15、ough innovations in product,technology and business model,we provide families with safe,comfortable and convenient products and services.In 2018,Li Auto launched its first extended-range electric vehicle-the six-seat premium SUV Li One.In 2022,the Company launched three other extended-range electric
16、 vehicles-the six-seat flagship family SUV Li L9,the six-seat premium family SUV Li L8,and the five-seat flagship family SUV Li L7.Li Auto officially launched its first BEV high-tech flagship family MPV-Li MEGA in March 2024 and the five-seat premium family SUV Li L6 in April 2024.In 2024,Li Auto ac
17、hieved annual deliveries of over 500,000 vehicles within just five years since its first delivery,setting the record for the fastest growth among premium auto brands in the Chinese market.As of December 31,2024,Li Autos cumulative deliveries had surpassed 1,130,000 vehicles.01Compliant Operation and
18、 Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction July 1,2015Li Auto EstablishedOctober 18,2018Leading Li ONE Officially LaunchedJuly30,2020Li
19、 Auto Listed On NasdaqAugust 12,2021Li Auto Listed On The Main Board of HK Stock ExchangeJune 2022-February 2023Li L9/Li L8/Li L7 Officially LaunchedMarch 1,2024Li MEGA Officially LaunchedApril 18,2024Li L6 Officially LaunchedMilestones of Li Auto05October 18,2024Li Autos Cumulative Delivery Exceede
20、d 1 million Vehicles01Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionSustainability Practices06Li Auto has integrated
21、 sustainability practices into corporate strategies and operations.We identify risks and opportunities in business operations while implementing sustainable development strategies with actions from five fronts,namely“Compliant Operation and Responsible Governance,”“Innovative Pioneer and Outstanding
22、 Product,”“Low-Carbon Operation and Green Ambition,”“Inclusive Care and Shared Growth,”and“Community Contribution for a Better Society”.In pursuit of corporate vision and mission,we honor our social responsibilities in response to the SDGs,thus contributing to sustainable development of society as a
23、 whole.Low-Carbon Operationand Green AmbitionPolicy and regulatory risksMarket risksEnergy risksClimate change risksCarbon emissions risks in the production processWater pollution risksWaste management risksNatural disaster risksSetting up carbon neutrality working groupPerforming an organization-wi
24、de carbon emission inventoryIdentifying climate-related risks and opportunitiesPromoting research and development of green materialsImproving the environmental management systemRegulating pollutant dischargeEvaluating and calculating the carbon footprint of productsBuilding green factoriesEncouragin
25、g green officeFormulation of climate change contingency plansProduction cost reduction by using renewables Resource access and allocation optimizationMaterials recyclingGreen product R&DAreasSDGsOur RisksOur ActionsInnovative Pioneer and Outstanding ProductCompliant Operation and Responsible Governa
26、nceCommunity Contributionfor a Better SocietyOur OpportunitiesTechnology R&D risksIntellectual property right risksProduct quality risksUser safety risksSupply chain risksCustomer relationship management risksStrengthening technology research and developmentPromoting industry cooperationSafeguarding
27、 intellectual property rightsImproving the quality management systemSupplier ESG managementImproving user satisfactionReviewing marketing contentSmart driving technologiesInnovation layoutIndustrial resource integrationIncrease of reliability and business capacity of supply chainCoordinated user inn
28、ovationESG governance risksBusiness ethics risksLitigation risksCustomer relationship management risksImproving corporate governance and ESG governance structureEnhancing communication with stakeholders Ensuring compliant managementEnsuring system securityProtecting customers privacy securityESG str
29、ategyRisk control systemManagement model innovationReputational risksPublic safety risksProviding disaster reliefPromoting community integrationHelping people in needPromoting educational supportSupporting charity activities initiated by usersEnhancement of social value of brandEmployment generation
30、Dedication to philanthropyInclusive Care and Shared GrowthIllegal employment risksTalent drain risksHuman cost risksBenefit guarantee risksEqual opportunity risksSafe production risksOccupational health risksDiverse talent teamHuman capital empowermentUse of technological toolsMulti-channel knowledg
31、e accessEHS capability enhancemenEqual and diverse talent recruitmentSmooth and effective employee communicationReasonable compensation and benefitsComplete training systemEqual opportunities for promotionEHS management system construction01Compliant Operation and Responsible Governance02Innovative
32、Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction2024 ESG Highlights07Certified to ISO 37001-Anti-Bribery Management SystemCompliant Operation and Responsible GovernanceZero mone
33、y laundering,insider trading,conflict of interest accidents100%coverage of information security trainingCertified to ISO 27001-Information Security Management System100%coverage of employee privacy protection trainingCertified to ISO 27701 Privacy Information Management System without user privacy d
34、ata breach incidents94.6%of Li Autos direct suppliers have obtained the ISO 14001-Environmental Management System certification 82.8%for the ISO 45001-Occupational Health and Safety Management System certification99.1%for the IATF 16949/ISO 9001 Quality Management System certification Innovative Pio
35、neer and Outstanding ProductLow-Carbon Operation and Green AmbitionEnergy consumption of production was 0.112 tce per vehicle,with intended target accomplishedWater consumption of production was 3.1 tonnes per vehicle,with intended target accomplished100%of manufacturing bases in production certifie
36、d to ISO 14001-Environmental Management SystemCertified to ISO 50001-Energy Management SystemConduct carbon footprint accounting for Li L6 and Li MEGA and the performance of relevant vehicle models lead the industry for carbon emissions assessment in the China Green Car Assessment Program(C-GCAP)0.0
37、42 kg of VOC emissions per vehicle Reduce carbon emissions by 1,154,856 kg and 467,145 kg through employees use of NEV and green flight respectivelyZero administrative punishment related to environmental or ecological issuesEmployees came from 16 countries and regions,and 38 ethnic minorities3,264 n
38、ew hires from campus recruitment311,546 enrollments in employee trainingCertified to the ISO 45001-Occupational Health and Safety Management SystemZero serious injuries or fatalities due to production accidentsExpenditure of over RMB50 million on safety and healthInclusive Care and Shared GrowthComm
39、unity Contribution for a Better SocietyA total philanthropy contribution of RMB47.30 million100%of user complaints handled and resolved99.9%test drive satisfaction rate99.9%product delivery satisfaction rate99.6%after-sales service satisfaction rate74,240 employee enrollments in quality and safety t
40、raining and 41,064 training hoursNearly 3,000 quality standards met prior to delivery5,930 R&D workforcesAnnual investment of RMB 11 billion in innovation and R&DZero user privacy data breach incidents01Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Commu
41、nity Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction2024 Honorary Accolades082024 Top 100 Listed Companies with Best ESG Practices in ChinaWind2024 AI Innovative EnterpriseChina Software Industry Association Li L6 achie
42、ved a five-star rating in the China-New Car Assessment Program(C-NCAP)with the highest scoreCATARC Automotive Testing&Assessment Management Center(CATC)AAA MSCI ESG RatingMSCI 2024 China Tech Experience Index(TXI)StudyThird Place in Mainstream New Energy VehiclesJ.D.PowerListed in the S&P Global Sus
43、tainability Yearbook(China Edition)2024S&P GlobalLi MEGA achieved a five-star+rating in the China-Automobile Health Index(C-AHI)China Automotive Engineering Research Institute Co.,Ltd.and International Traffic Medicine AssociationS&P CSA score of 53S&P GlobalLi MEGA and Li L6 achieved the highest ra
44、ting G+China Insurance Automotive Safety Index(C-IASI)IVISTA Special Evaluation for Connected Intelligence and Privacy SecurityLi L8 achieved the highest rating for cybersecurity and privacy protectionThe 8th Autolab Golden Flame Award for“the Most Recommended Intelligent Safety Vehicle of 2024”Auto
45、labBeijing Site Environmental Performance GradeA Enterprise ProjectBeijing Municipal Ecology and Environment BureauChangzhou Site Environmental Performance Grade A Enterprise ProjectChangzhou Municipal Ecology and Environment BureauLi Autos automation testing system of full-stack self-developed smar
46、t space was awarded the“2024 Top Scientific and Technological Achievement Award for Automotive Smart Space”China Society of Automotive Engineers(China-SAE)Li L6 achieved a five-star rating in the China Intelligent-Connected Car Assessment Program(C-ICAP)with the highest scoreChina Automotive Enginee
47、ring Research Institute Co.,Ltd.Li L8 ranked first in the mid-to-large-size hybrid SUV category in the 2024 China New Energy Vehicle Industry Customer Satisfaction Index(NEV-CACSI)China Association for QualityThe Best Practice Award for automotive safety product application2024 International Confere
48、nce of Vehicle Safety and Intelligent TransportationNamed among the 2024 Fortune Asia Future 30Fortune01Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operat
49、ion and Green AmbitionIntroduction10151719Compliant Operation and Responsible Governance01Li Auto firmly believes in the principle of compliant operations,pays attention to operational risks,strictly adheres to the bottom line of business ethics,and constantly strengthens corporate governance.Meanwh
50、ile,we actively respond to expectations and concerns of stakeholders on corporate development,consistently improve operational transparency and accountability to ensure the Companys stable and sustainable development.09Corporate Governance Risk ManagementBusiness EthicsCybersecurity01Compliant Opera
51、tion and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction1.1 Corporate GovernanceAudit CommitteeCompensation CommitteeNominating and Corporate
52、 Governance Committee Procedures for electing directors Board responsibilities Committee structure Focus on the Companys strategies Oversee the Companys risks Specialized knowledge and professional background of independent directors Communication channels between directors and management Review the
53、 annual operation plans1.1.1 Management of the Board of DirectorsWe firmly believe that robust corporate governance underpins sustainable business operations.Li Auto consistently enhances our sophisticated corporate governance framework with a clear division of rights and responsibilities to ensure
54、stability in our operations under the Company Law of the Peoples Republic of China,the Nasdaq Stock Market LLC Rules,and the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited(“The Listing Rules”),as well as other applicable laws.Li Auto has established a corporate
55、governance structure with the Board of Directors as the highest leadership and decision-making body.Our Board of Directors is responsible for coordinating and supervising major matters in the Companys business activities and has established three committees,namely,the Audit Committee,the Compensatio
56、n Committee,and the Nominating and Corporate Governance Committee Li Auto holds regular board meetings to ensure fairness and transparency in corporate governance,facilitate strategic decision-making,and uphold compliance and efficiency in company operations.The Sixth Amended and Restated Memorandum
57、 of Association of Li Auto Inc.expressly requires that the quorum of directors present at a board meeting shall be a simple majority of the directors then in office,i.e.,not less than 50%of the directors shall be present.In 2024,our Board of Directors held six meetings with a 100%director attendance
58、 rate.Board EffectivenessLi Auto has developed a well-established procedure for electing and appointing directors.Every director shall be subject to retirement by rotation at least once every three years in compliance with the requirements of the Hong Kong Listing Rules and the Sixth Amended and Res
59、tated Memorandum of Association of Li Auto Inc.We have formulated the Director Nomination Policy to set forth the procedures for electing board members.When appointing new board members,we select candidates through a combination of multiple channels,including but not limited to,internal promotion,re
60、appointment,recommendation from other members of management,and external recruitment.Li Auto regularly trains its directors on professional skills,and legal and regulatory updates.During the reporting period,the Company held one compliance policy training session,covering the latest climate disclosu
61、re requirements and corporate governance policy update summary.Li Auto internally evaluates board effectiveness through questionnaires.Li Auto sets diversified compensation policies and programs for directors and senior executives,including paying fixed compensation,as well as variable compensation
62、adjusted for performance targets,such as performance bonuses and share-based payment compensation,etc.,to encourage directors and senior executives to create long-term value.In addition,we have established the Clawback Policy,which stipulates that the Company has the right to clawback compensation i
63、ncentives paid under certain circumstances to ensure compliance and due diligence of the directors and senior executives while protecting the interests of all shareholders.to ensure efficient operation.More detailed information is available on our IR website and the website of the stock exchanges.Bo
64、ard of DirectorsLi Autos board structureLi Autos evaluations on Board effectivenessBoard structureBoard effectivenessBoard operating mechanisms1001Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive
65、Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction3It refers to specialized knowledge of finance and accounting,or previous experience in a position related to finance and auditing.NameLi XiangMa DonghuiLi TieWang XingFan ZhengXiao XingZhao HongqiangJiang ZhenyuGenderMaleM
66、aleMaleMaleMaleFemaleMaleMalePosition/DutyChairman of the Board and Chief Executive OfficerExecutive Director and PresidentExecutive Director,Chief Financial Officer and Compliance Officer Non-Executive DirectorNon-Executive DirectorIndependent Non-Executive DirectorIndependent Non-Executive Directo
67、rIndependent Non-Executive DirectorIndustry experience1Professional capabilitiesRisk management experience2Financial management experience3-Board Independence and DiversityLi Auto believes that a board structure marked by independence and diversity is essential to safeguard shareholders interests an
68、d underpin long-term corporate development.By the end of the reporting period,the Board of Directors of Li Auto consisted of eight members,including two non-executive directors and three independent non-executive directors who account for more than one-third of the members.Li Auto makes unremitting
69、efforts to improve the board independence assessment mechanism and has formulated the Li Auto Inc.Policy for Obtaining Independent Views and Opinions which requires the non-executive directors to perform their independent supervision function while providing independent opinions.The Board of Directo
70、rs regularly reviews the implementation and effectiveness of this independence assessment mechanism.The independence of the independent non-executive directors is assessed by the Nominating and Corporate Governance Committee.We have formulated the Li Auto Inc.Board Diversity Policy,which stipulates
71、that the Company shall factor into their gender,age,professional expertise,industry experience and educational background when nominating and appointing board members,and assess board diversity regularly.This ensures a broad range of perspectives and expertise,safeguarding shareholders interests and
72、 fostering the Companys long-term development.Additionally,we regularly assess the policys implementation,catering to diverse business needs while providing comprehensive guidance for strategic planning and decision-making.Li Autos directors12Directors served a company in the“consumer discretionary
73、sector”classified by Global Industry Classification Standard(GICS).It refers to specialized knowledge of risk management or previous experience in a position related to risk management.1101Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribut
74、ion for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionReviewing ESG strategies,policies,targets,annual plans,and mid-long-term plans together with the Board of Directors,as well as supervising their implementation;Developing ESG-relate
75、d strategies,frameworks,principles,policies,and regulations;Overseeing the implementation of ESG targets,reviewing the practices and performance for legal and regulatory compliance;Monitoring Key Performance Indicators(KPIs)set by the Company on ESG priorities and ESG performance;and reporting and m
76、aking recommendations to the Board of Directors on the above matters.Developing ESG targets and working plans,improving communication with stakeholders,identifying ESG-related risks and opportunities,and reporting to the Audit Committee.Sales,Service,Legal and Risk Management,Capital Markets,R&D,Man
77、ufacturing,Quality and Safety,Finance,Supply Chain,Human Resources,Public Affairs etc.Coordinating the implementation of working plans and advancing specific tasks under the guidance of the ESG Working Group.Leading and being responsible for ESG management,identifying ESG management framework,review
78、ing ESG strategies,policies,and targets,and ensuring the building of effective ESG risk management and internal control systems.Audit CommitteeESG Working GroupESG-related groupsBoard of Directors1.1.2 ESG ManagementAt Li Auto,we are committed to the concept of sustainable development by improving E
79、SG management systems to promote environmental and social harmony,thus improving ESG management and performance,and facilitating our sustainability efforts.Li Auto honors ESG policies and guidelines,implementing a clear and top-down ESG management framework.In 2024,we refined this framework based on
80、 our ESG management needs,establishing a number of new ESG-related groups to streamline workflows and clarify the scope of ESG governance structure and responsibilities at all levels.Li Autos ESG management structure1201Compliant Operation and Responsible Governance02Innovative Pioneer and Outstandi
81、ng Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionStakeholdersIssues of concernIndustrial organizationsIntellectual property rights management Innovative development Green product Cooperative developm
82、entProject cooperationTechnological exchangesResult sharingCommunity activitiesCharitable activities Company website and interactions on social mediaNews conferenceInclusive interviewPress conferenceCompany website and interactions on social mediaShareholders and investorsInformation disclosureOngoi
83、ng and stable business growthCorporate governanceInnovation and developmentBusiness ethicsRisk managementGeneral meetingNon-deal roadshows and IR meetingRegular report and announcementInterim announcement and noticeCompany websiteInvestor mailboxNews releaseEmployeesLegal employmentTraining and deve
84、lopmentEmployee benefit guaranteeOccupational health and safetyEmployee satisfaction surveyInternal OA systemInternal communication meetingEmployee complaint and feedbackInternal and external training activityPublicity activities of corporate cultureEmployee care activitiesUsersCustomer service and
85、satisfactionProduct quality and safetyInformation security and privacy protectionOfficial AppWeChat official accountUser satisfaction surveyProduct survey and feedbackUser complaint and handlingOnline and offline activity promotionCompany website and interactions on social mediaLi Auto car clubsSupp
86、liersHonest operationMutual benefit and win-win progressSupply chain managementSupply chain risk responseProduct quality and safetyBusiness ethicsProject procurementSupplier contract and agreementSupplier audit and evaluationSupplier assistance and cooperationInterconnection of supplier dataPartner
87、conferenceMediaInformation transparencyCompliant operationInformation security and privacy protectionResponsible marketingGovernments and regulatorsRegulatory complianceCompliant operationInformation securityJob creationGreen productInformation disclosureDaily communication and reportSpervision and
88、inspectionVisit receptionEnvironmentEnergy use and managementSustainable productGreen production and transportationWater managementEmissions managementNEV-related technology and product R&D Data disclosure of operational environment Regular release of ESG reportCultivation of users low-carbon awaren
89、essResponses to climate changeCommunitiesCharity programsCommunity investmentVolunteer activitiesCommunication forms1.1.3 Stakeholder CommunicationWe highly value communication and exchanges with stakeholders,constantly improve routine and multi-channel communication mechanisms,actively respond to t
90、heir expectations and concerns,and accept their supervision.Li Autos stakeholder communication mechanisms1301Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon O
91、peration and Green AmbitionIntroductionIn accordance with HKEXs Environmental,Social and Governance(ESG)Reporting Code and the GRI Sustainability Reporting Standards,with reference with assessment requirements of ESG ratings and indices(such as MSCI,S&P CSA,etc.)in capital markets,we have comprehens
92、ively categorized material ESG issues and focuses of stakeholders.Through benchmarking practices of peers both domestically and internationally,we have identified 20 material ESG priorities.We collect responses from stakeholders including directors,senior management,employees,investors,users,and sup
93、pliers through anonymous online surveys.We prioritized the issues from both“importance to Li Auto”and“importance to stakeholders,”and produced Li Autos material issues matrix in 2024.The ESG Working Group is responsible for reviewing and confirming the material ESG issues identified in the above ass
94、essment process,reporting them to the Board,and making recommendations on the final determination of the material issues.EnvironmentalGovernanceSocialImportance to Li AutoImportance to stakeholdersHighHighLowModerately highVery highExtremely high2143657810911131215171814161920ImportanceIssueCategory
95、LocationProduct quality and safetyProduct Quality and SafetyInnovation and DevelopmentUser ServiceCybersecuritySupply Chain ManagementSafety and HealthRisk ManagementTalent AttractionBusiness EthicsTalent AttractionCorporate GovernanceTalent GrowthSustainable Technology and ProductGreen OperationGre
96、en OperationTalent AttractionClimate Change ResponseGreen Operation Social ResponsibilityGreen Operation1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.18.19.20.SocialSocialSocialGovernanceSocialSocialSocialSocialGovernanceSocialGovernanceSocialSocialEnvironmentalEnvironmentalSocialEnvironmentalEnvironmen
97、talSocialEnvironmental2.22.12.4 1.4 2.34.31.24.11.34.11.14.23.23.33.34.13.13.35.13.3Moderately highVery highExtremely highIdentificationSurvey and assessmentReview and confirmation1.1.4 Materiality AssessmentLi Auto places high attention on the identification,assessment and management of sustainabil
98、ity issues,and actively seeks feedback and suggestions of stakeholders.In 2024,following the three steps of“identification-screening and assessment-review and confirmation”,we reviewed and adjusted material issues,and reported the material issues matrix to the Board of Directors.Identification proce
99、ss of material issuesLi Autos material issues matrixThe distribution of Li Autos material issuesTechnology innovation and R&DCustomer service and satisfaction Information security and privacy protectionSustainable supply chain managementOccupational health and safetyRisk managementEmployees rights a
100、nd welfareBusiness ethicsTalent attraction and retentionCorporate governanceEmployee training and developmentGreen product and technologyEmissions and waste managementEnergy managementDiversity,equity and inclusionClimate change responseBiodiversity protectionWater managementPublic welfare undertaki
101、ngs and integration to the community1401Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction Participate in the annual cor
102、porate risk assessment by relevant business departments;Implement specific work relating to risk management;Report regularly to the Supervision and Management Working Group on risk management and control.Independently supervise risk management and control performance across all departments and busin
103、ess areas of the Company;Timely investigate and deal with employee violations.Coordinate the establishment of the risk management system;manage major risks at the corporate level;Regularly organize risk identification,risk assessment,and response activities;Build internal control systems,sort out an
104、d compile internal control management systems and process documents;Organize,coordinate and promote the establishment of compliance management systems;Conduct compliance review of major issues to enhance and fortify the compliance risk review mechanism.Risk identificationRisk assessmentRisk response
105、Risk monitoring and reporting Analyze the causes of risks based on the risk assessment results;Develop risk response plans,including risk mitigation,risk avoidance,risk sharing/transfer,and risk acceptance;Establish risk management improvement and mitigation plans,and complete rectification within t
106、he specified timeframe.Monitor and report on the progress of specialized and routine risk management tasks.Conduct risk assessments to evaluate risk probability and impacts,and establish the annual list of significant risks.Draw up a list of corporate-level risks by regularly carrying out risk ident
107、ifications.The first line of defenseBusiness departments ranging from R&D,supply chain,and manufacturing to salesLegal Affairs and Risk Management Department(risk management,internal control and compliance teams)Legal Affairs and Risk Management Department(internal audit and supervisory teams)The se
108、cond line of defenseThe third line of defense1.2 Risk ManagementLi Auto prioritizes risk management and internal control which it considers as the core of corporate management.Li Auto has established an organizational structure for risk management with a clear division of responsibilities.The Board
109、of Directors assumes the highest decision-making authority for establishing and implementing the risk management system as well as for developing the overall objectives of risk management.The Audit Committee reviews the establishment and implementation of the Companys risk management systems,monitor
110、s the progress and achievements of the Companys responses to major risks,and presents special reports to the Board of Directors.The Supervision and Management Working Group,under the Audit Committee,supervises the implementation of the Companys annual risk management plan and the major risk identifi
111、cation and response priority determination.The Legal Affairs and Risk Management Department,in accordance with the risk management requirements of the Working Group,coordinates prompt implementation of risk prevention and control measures by relevant business units.Li Auto relentlessly consolidates
112、its risk management and control mechanism featuring“three lines of defense”to ensure the execution of risk management agendas effectively.Li Auto has established regulations such as the Li Auto Inc.Risk Management Policies and the Li Auto Inc.Internal Control System for itself and its subsidiaries,c
113、ontinually enhancing these systems through risk identification,assessment,response,monitoring,and reporting to keep risks manageable.In 2024,Li Auto developed a risk list covering five major areas,including strategic risks,compliance risks,operational risks,financial risks and corruption risks.Li Au
114、tos risk response and management structureThe risk management and internal control system1501Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Gre
115、en AmbitionIntroductionRisk categoriesRisks Strategic management risks R&D and technology risks Organizational and cultural risks Climate change risksStrategic risks Information security risks Intellectual property rights risks Commercial secret risksCompliance risks Investment risks Procurement ris
116、ks Human resource risks Product quality risks Occupational health and safety risksOperational risks Financial risks Tax risks Financial accounting and reporting risks Budget management risksFinancial risks Litigation and dispute risks Operational fraud risks Job misappropriation risksCorruption risk
117、s Received five specialized risk management training sessions covering R&D,supply chain,sales service,finance,and other business sectors,with over 300 enrollments.Management Participated in integrity compliance training,systematically learning about Li Autos“Three Lines of Defense”risk management fr
118、amework,including its structure,departmental roles,and responsibilities,thereby enhancing their awareness of risk management.New Hires Received training on risk management operations and tools,participated in online courses on risk management systems to enhance their skills in risk control operation
119、s;Attended courses of the Li Auto Academys Internal Control and Risk Management Learning Module,fostering a risk management culture that involves all employees.All EmployeesList of Li Autos major risks in 2024Li Autos risk management trainingAdditionally,to enhance overall risk compliance awareness,
120、we actively conducted risk management training for all employees in 2024.A total of 103 sessions were held,recording 16,600 enrollments with nearly 11,067 training hours,boosting employees sensitivity to risks and involvement in risk response.1601Compliant Operation and Responsible Governance02Innov
121、ative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction1.3 Business EthicsLi Auto remains committed to business ethics,with zero tolerance for all misconducts that violate busine
122、ss ethics,and actively fosters the culture of integrity.Li Auto strictly abides by the Company Law of the Peoples Republic of China,the Anti-Unfair Competition Law of the Peoples Republic of China,the Anti-monopoly Law of the Peoples Republic of China,the Foreign Corrupt Practices Act,the Sarbanes-O
123、xley Act 2002,and other advanced international laws and regulations.We have formulated and issued the Li Auto Inc.Code of Business Conduct and Ethics,the Li Auto Inc.Anti-bribery and Anti-corruption Compliance Policies,the Li Auto Inc.Whistle-blowing 1.3.1 Business EthicsGovernance SystemPolicies an
124、d Procedures,the Li Auto Inc.Conflict of Interest Compliance Management System,the Gift Giving and Hospitality Compliance Management System,the Commercial Sponsorship Compliance Management System,the Business Partner Anti-bribery Compliance Management System,and other business ethics management syst
125、ems.These systems standardize the business ethics behavior requirements that all employees and suppliers should follow in commercial activities and strictly manage and supervise improper behaviors such as corruption,bribery,unfair competition,conflicts of interest,extortion,fraud,and money launderin
126、g.Li Auto further standardizes its business ethics behavior by establishing a well-structured and clearly-defined regulatory system.We have established a business ethics governance system comprising the Board of Directors,the Strategic Management Committee,and the Legal Affairs and Risk Management D
127、epartment.The Board of Directors oversees the Companys business ethics matters.The Working Group for Clean Workplace under the Strategic Management Committee is responsible for guiding,supervising and inspecting the Companys business ethics and code of conduct.The Legal Affairs and Risk Management D
128、epartment establishes business ethics compliance management processes and investigates and verifies cases of employee violations of laws and disciplines.Li Auto adopts a zero-tolerance policy for all business ethics misconducts.We have defined all violations and potential violations and established
129、punishment mechanisms.Li Auto carries out special anti-bribery compliance audits within the Company every year and realizes closed-loop management by promoting reforms through investigation in response to misconducts found in the audits to ensure the effectiveness of the business ethics system.In 20
130、24,Li Auto was certified to the ISO 37001-Anti-Bribery Management Systems upon recertification.In addition,we advocate for all employees,suppliers,and other stakeholders to jointly create and maintain an honest business environment,and strictly abide by our ethics and code of conduct.In 2024,we sign
131、ed integrity and compliance commitment clauses with all employees and continuously improved our Business Partner Anti-bribery Compliance Management System,thereby encouraging our business partners to adhere to the same business ethics standards.Meanwhile,we require all suppliers to sign an Integrity
132、 Agreement,promoting clean compliance among value chain partners.In 2024,100%of our new suppliers signed the General Procurement Rules containing integrity compliance clauses during the access phase.1701Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Commu
133、nity Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionLi Autos business ethics reporting +001 877-249-8611Legal Affairs and Risk Management Department,Li Auto Inc.,Block C,Li Auto EmailHotlineMailIncluding departments in
134、relation to manufacturing,brand,sales and supply chain.Including regular employees,interns,external support personnel,etc.12ManagementNew hiresEmployees in key departments1 All employees2 Receiving specialized integrity training to strengthen compliance awareness;In 2024,we conducted one anti-corrup
135、tion and anti-bribery compliance training session for the management,reaching 187 participants and totaling nearly 150 training hours.Finishing the code of business conduct and ethics and other compliance training during orientation and sign the integrity compliance terms;In 2024,we conducted 26 com
136、pliance training sessions for new hires,covering 1,573 individuals with a total training duration of nearly 1,573 hours.Receiving specialized training on integrity compliance and publicity education on business in daily work;In 2024,we conducted 26 specialized integrity training sessions.Receiving c
137、ompliance training and strengthening compliance awareness;In 2024,we conducted 76 employee compliance training sessions(including business ethics and anti-corruption training),achieving 100%employee coverage with a total training duration of 23,021 hours.1.3.2 Business Ethics Training1.3.3 Reporting
138、 ManagementWe insist on conducting business ethics training programs for all employees by means of information notification,as well as a combination of online and offline approaches,with an aim to strengthen their anti-corruption awareness.We require all new hires to finish integrity training.All re
139、gular employees are required to participate in at least one compliance training session every year.In addition,we carry out specialized anti-corruption and anti-bribery training for employees in key departments.We have developed protection policies for whistleblowers to safeguard the basic rights an
140、d interests of whistleblowers.We pledge that without the consent of a whistleblower,the Company shall not disclose or divulge the whistleblowers personal information and the reported content in any way.In addition,we accept anonymous reports and protect whistleblowers from any form of retaliation.In
141、 2024,there were no confirmed cases of violating the code of business ethics involving Li Auto,such as money laundering,insider trading and conflict of interest.During the reporting period,there was two lawsuit case of corruption and bribery concluded.Li Autos business ethics and compliance training
142、 system1801Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionBusiness Unit RepresentativesInformation Security Departmen
143、tInformation Data Security and Confidentiality TeamLegal Affairs and ComplianceR&DOrganizationQuality OperationPublic AffairsSecurity development processWe embed security measures across the entire life cycle from requirement analysis,design,development,testing,to launch,identify and address vulnera
144、bilities early and minimize risks of security incidents.Cloud platform security protectionWe safeguard the cloud platform from Distributed Denial of Service(DDOS)attacks to ensure stability,leveraging Host-based Intrusion Detection System(HIDS)to promptly detect host-based intrusion attempts and oth
145、er security threats.Operational securityWe enhance operational system logins with password policies and multi-factor authentication,strictly managing access controls.Mobile securityWe build a robust mobile Security Development Lifecycle(SDL)framework and security perception system to monitor our mob
146、ile App,screen Software Development Kits(SDKs)for risks,and mitigate potential vulnerabilities.1.4 CybersecurityLi Auto prioritizes information security and respects privacy of employees,suppliers,users and any other third party,effectively mitigating risks of information security risks and privacy
147、leaks.Li Auto has established a sound information security management framework.We have set up an Information and Data Security and Confidentiality Team,led by the vice president of Li Auto.The vice president is responsible for planning information security measures,analyzing,guiding,1.4.1 Informati
148、on Securityreviewing and overseeing security management practices,and reporting of important matters to the Board of Directors for decision-making.Li Auto strictly complies with relevant laws and regulations including the Cybersecurity Law of the Peoples Republic of China,the Data Security Law of th
149、e Peoples Republic of China,the Personal Information Protection Law of the Peoples Republic of China,and the Provisions on the Administration of Automotive Data Security(Trial).The Company has developed a series of management systems,including the Li Auto Inc.Data Security Management System,the Li A
150、uto Inc.Data Classification and Grading Management System,and the Li Auto Inc.Information Security Vulnerability Management System.The Company has revised key procedural documents,including the Information Security Vulnerability Management Specification,the Development Guide for Information Security
151、 Management,and the Emergency Response Protocol for Information Security Incidents,clarifying the requirements for information security management throughout its lifecycle.Li Auto consistently enhances its data information security protection system,which spans the entire software life cycle,from de
152、mand and design to development,testing,launch,operation,and maintenance.We enforce stringent access controls and encrypt critical data for robust protection.Li Autos structure of the Information and Data Security TeamLi Autos comprehensive information security management highlights1901Compliant Oper
153、ation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction100%11,471hoursIn 2024,Li Auto conducted a total of 671.12414274201To prevent data b
154、reaches,the Company has streamlined vulnerability management processes and established a unified secure operations platform,focusing on a full lifecycle management system that covers“discovery,notification,fixing,retest,launch,archiving,and continuous monitoring of vulnerabilities”.This ensures vuln
155、erabilities in core products are visible,preventable,and controllable.Case Study:Li Autos secure operations platformLi Auto routinely performs internal and external audits across business operations and engages third-party entities with professional qualifications in data security audits and assessm
156、ents,aiming to proactively identify issues and implement management and technical strategies to mitigate security risks and ensure the compliance and security of our data management.In 2024,Li Auto significantly improved information security automated detection capabilities During the reporting peri
157、od,we obtained the ISO 27001-Information Security Management System certification and passed the Network Security Level Protection Evaluation and the Preliminary Compliance Test for Compulsory Standards of Vehicle Information Security for critical systems,satisfying international and domestic author
158、itative standards in information security.The Company has established an information security emergency response mechanism to ensure optimal information security.We outline incident levels,response measures,and reporting procedures.In the case of any information security incidents like network attac
159、ks and data breaches,we will promptly activate our emergency response procedures and take remedial reactions.Additionally,regular emergency drills are conducted annually and any vulnerability identified are reviewed and addressed to minimize the adverse effects of different types of information secu
160、rity incidents.In 2024,Li Auto conducted nine emergency drills on vehicles and vehicle-cloud service systems simulations,notably enhancing our emergency handling capabilities and response efficiency for information security incidents.Furthermore,Li Auto has included information security in its emplo
161、yee performance evaluations and imposed disciplinary measures for violations,as stipulated in the Violation Accountability Policy.All employees and users are strongly encouraged to promptly report network security vulnerabilities through official channels.To this end,we have established the Li Auto
162、Emergency Response Center to gather external feedback on network security issues.In addition,we have implemented measures such as an Information Security Mailbox and Information Security Robot to facilitate feedback and report on information security incidents from our employees.Li Auto emphasizes e
163、mployees awareness of information security and continuously improves its training programs.Regular training is mandatory for all employees,with tailored sessions for key data security roles.All new hires must undergo information security training upon joining to enhance their security awareness and
164、skills.timestimestimestimestimesNumber of application security tests throughout the yearemployee information security training sessionsemployee coverage ratehours of trainingNumber of software security risk assessmentsNumber of penetration testsNumber of external detection timesNumber of vehiclecode
165、 auditsNumber of vehicle security testsmillion tests2001Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction1.4.2 Privacy
166、ProtectionLi Auto adheres to personal data protection laws and prioritizes protection covering the entire life cycle of data to prevent breaches of privacy information and personal data.Li Auto strictly complies with laws and regulation in locations where it operates,as well as industry standards,su
167、ch as the Personal Information Protection Law of the Peoples Republic of China.The Company formulated and updated the Li Auto Inc.Management System for Personal Information Protection,the Li Auto Inc.Privacy Policy for Users,the Li Auto Inc.Code of Personal Information Protection and Privacy Securit
168、y and other protocols.We developed a user information protection mechanism that spans the entire life cycle and integrates into the Companys overall risk management system.Li Auto mandates all employees and suppliers to adhere to privacy protection laws and company regulations to ensure comprehensiv
169、e privacy protection to the largest extent.Additionally,the Company regulates the collection,storage and use and sharing of personal information as well as identify,evaluate,and manage risks related to the processing of personal information.We also insisted on reducing the risk of data breaches or i
170、mproper data usage,thus maximizing our efforts to protect users privacy rights.The Company has established a robust framework for managing the protection of user personal information.As the top responsible body,the Information Data Security and Privacy Team oversees decision-making,guidance,and supe
171、rvision of personal information protection activities.Li Autos protection mechanism for user informationCollectionStorageTransmission and disclosureProtection We clearly require obtaining the users consent before collecting personal information.We detail the purpose,use,basis,etc.of collecting perso
172、nal information.We promise not to use the information for any purposes not specified in the Li Auto Inc.Privacy Policy for Users.We adopt security protection measures that meet industry standards to protect users personal information against unauthorized access,public disclosure,use,modification,dam
173、age,and loss.We take reasonable measures to ensure the accurate and safe storage of users personal information,such as access control,encrypted transmission,encrypted storage,and displaying sensitive information after desensitization.We use trusted protection mechanisms to prevent malicious attacks
174、on data.We adopt a strict internal plan to prohibit providing user data to other personal information processors without the users consent or legal basis.We take necessary measures to protect the rights of users when the transfer of personal information involves entrusted processing,sharing,transfer
175、,and public disclosure.This includes signing strict confidentiality agreements or data processing protection protocol with third parties,terminating cooperation with partners who abuse or leak user data,as well as promptly implementing protection measures.Users have the right to query,copy,correct,s
176、upplement,or delete personal information in accordance with laws and regulations and the Li Auto Inc.Privacy Policy for Users.If the user revokes their authority,the authorization shall be cancelled.When the user cancels the authorization,the forced collection and use of the users personal informati
177、on is prohibited.We provide various feedback channels,including hotline,privacy email,and mailing address,to promptly address users privacy complaints or requests for rights.2101Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a B
178、etter SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionLi Auto has achieved ISO 27701-Privacy Information Management System certification 100%coverage rate30sessions11,450participants11,561During the reporting period,Li Auto organized training on
179、privacy protectiontotalingLi L6 achieved a five-star rating in the C-ICAP with the highest scoreLi L8 achieved the highest rating for cybersecurity and privacy protectionThe privacy protection evaluation in the C-ICAP by the China Automotive Technology and Research Center Co.,Ltd.(CATARC)IVISTA spec
180、ial evaluation for connected intelligence and privacy securityLi Auto regularly conducts personal information protection impact assessments to identify privacy risks that may adversely affect users personal information.We evaluate the effectiveness of measures adopted to protect this information.Thr
181、ough audits,we have established a robust supervision and audit verification mechanism to identify and prevent data compliance risks,facilitating closed-loop management.In 2024,the Company conducted its first audit on personal information protection compliance,covering the realization of user rights
182、in Li Auto App,official website,mini-programs,and in-car systems.This audit campaign ensured that users rights to know,make decisions,duplicate,rectify and supplement,delete,and port data were properly addressed.Li Auto actively organizes privacy and security education to all employees to raise thei
183、r awareness of data protection.In addition,we publish privacy protection-related articles monthly,gaining a total of 579,000 views annually,with a 100%training coverage rate.In 2024,Li Auto updated the process for handling personal information complaints by task-breaking each complaint case and cond
184、ucting thorough investigations and rectifications to safeguard users privacy and security.In 2024,Li Auto has a 100%complaint handling rate for personal information and privacy-related complaints and no user privacy data breaches occurred.hours2201Compliant Operation and Responsible Governance02Inno
185、vative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction24333944Innovative Pioneer and Outstanding Product02By placing product quality and technological innovation at the forefro
186、nt,we collaborate closely with our supply chain partners to embody our core value,which is to“exceed the needs of users by creating superior products and services”.23Innovation and DevelopmentProduct Quality and SafetySupply Chain ManagementUser Service01Compliant Operation and Responsible Governanc
187、e02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionInnovative ResearchTechnological Pre-researchInnovation LayoutElectrification TechnologyAutonomous DrivingMaterial
188、TechnologyOther SpecialtiesSmart SpaceSmart Industry 2.1 Innovation and DevelopmentLi Auto is dedicated to continuous exploration in areas such as electrification technology,autonomous driving,and smart space.By constantly expanding technological boundaries and optimizing product and improving servi
189、ce experience,we aim to empower users life through technology.Innovation serves as an inexhaustible wellspring of strength,propelling Li Auto towards sustainable development.We are fully committed to improving the innovation and R&D framework.The Product Development and Technology 2.1.1 Innovation L
190、ayoutCommittee is tasked with overseeing the R&D and design of vehicle and product-related technologies as well as cooperating with experts in various areas,to implement projects efficiently and ensure timely product delivery.Meanwhile,we actively focus on forward-looking innovative research and tec
191、hnological pre-research to maintain a leading position in key technological areas.We actively attract top-notch talent worldwide to drive technological breakthroughs and bring smarter,more efficient mobility solutions to our users.As of December 31,2024,the Companys annual investment in innovation a
192、nd R&D reached RMB11 billion,with an R&D workforce of 5,930.Li Autos innovation and R&D structure2401Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation
193、 and Green AmbitionIntroductionIn 2024,Li Auto launched the full-stack self-developed Thermal Management System 2.0(TMS 2.0),which is tightly integrated with the range extender,electric drive,heat pump air conditioning,and battery.It incorporated auxiliary heat dissipation coupling technology,levera
194、ging air and vehicle heat sources for efficient cooling and heating to meet the heat dissipation needs of 5C ultra-fast charging batteries.The system achieves compact physical integration of parts and separation of electronic controls through a super-integrated module.With these thermal management i
195、nnovations,Li Auto has accelerated the advancements of new energy vehicles in range,ultra-fast charging,and energy efficiency.Case Study:Li Auto innovates in the thermal management systemElectrification TechnologyLi Auto is comprehensively advancing its electrification strategy.The Company strives t
196、o provide users with more precise and convenient driving experience while setting new benchmarks in technology and safety.We are dedicated to the independent R&D of next-generation high-energy-density super charging technology.In 2024,Li Auto launched Li MEGA featuring its first-generation electric
197、drive system and 5C super charging technology for mass production and delivery.The battery electric vehicle(BEV)provides users with energy replenishment efficiency and experience surpassing those of traditional ICE vehicle refueling,enabling big families to travel without range anxiety.Built with th
198、e latest generation of lithium iron phosphate battery for the first time,Li L6 has balanced high energy density with strong power performance.In September 2024,we launched the urban 4C supercharging piles,reducing the average full charging time for supercharged models to under 18 minutes,significant
199、ly improving users charging efficiency.With the 5C supercharging piles,the average full charging time of supercharging models has been reduced to under 15 minutes.In 2024,Li Auto fully deployed steer-by-wire chassis technology,established a comprehensive full-stack in-house R&D system and enabled a
200、comprehensive enhancement in chassis dynamic performance.In 2024,Li Auto introduced its self-developed Range Extender 3.0 technology,achieving a“seamless”quiet operation of the range extender.Compared to Range Extender 2.0,the fuel consumption for the vehicle has been reduced by over 10%,further imp
201、roving energy efficiency.We also initiated the construction of a new micron-level factory to facilitate the mass production of this technology.Equipped with next-generation smart production lines,the factory has pioneered the application of this next-generation advanced range extender technology.250
202、1Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionNavigation assistance Driving along the navigation route Intelligent
203、speed adjustmentAutonomous lane changeDedicated lane driving Entering and exiting ramps Switching between main and side roads Driving in dedicated left/right turn lanes ETC passage at highway toll stations Navigation-based lane change Overtaking lane change Lane-changing game during traffic congesti
204、on Responding to traffic lights at intersections Unprotected left and right turns Starting and stopping in left/right turn waiting zones Navigating complex intersections U-turnUrban intersection passageAvoidance and detouring Avoiding construction zones Avoiding approaching vehicles Detouring around
205、 dynamic objects Detouring around general obstacles Detouring via oncoming lanes 2.93 33.82 1.7220.07 1,2301.143 1.109 98%423.9739,000 11621877.858 70%12100%Highlight data of autonomous driving as of December 31,2024.The total number of autonomous driving users refers to the total number of users wh
206、o have utilized autonomous driving-related features.The proportion of NOA navigation mileage:NOA mileage/autonomous driving mileage.123Autonomous DrivingIn 2024,Li Auto achieved a breakthrough in autonomous driving,upgrading from“NOA independent of high-definition maps”to the“End-to-end(E2E)+Vision-
207、Language Model(VLM)”framework.In July,we launched the worlds first full-stack self-developed autonomous driving framework featuring an end-to-end+VLM dual system,which was fully rolled out to AD Max users in October.With high-frequency,high-quality OTA upgrades,Li Auto has led the industry in terms
208、of upgrading its autonomous driving technology.Our cutting-edge features include the industrys first fully Automatic Emergency Steering(AES),the worlds first“point-to-point”full-scale deployment of seamless intelligent driving experience,and the industrys first intelligent reasoning visualization fu
209、nction,thereby delivering a safer,more comfortable,and more convenient autonomous driving experience to users.A growing number of users have chosen and recognized Li Autos autonomous driving technology.In December 2024,for vehicles priced above RMB300,000,the deliveries of vehicles featuring Li AD M
210、ax accounted for over 75%of the total deliveries.Highlight data of Li Autos autonomous driving1Cumulative Autonomous Driving MileageCumulative Autonomous Driving HoursCoverage Rate of Intelligent Driving in Domestic CitiesIntelligent ParkingProportion of Annual NOA Mileage3Annual New Features Annual
211、 Optimized Features Annual UpdatesAnnual Incremental HoursExtreme Severe Accidents Avoided by Active SafetyPotential Accidents Avoided by Active SafetyNighttime Potential Accident AvoidedPotential Collisions Avoided byAEBAnnual Incremental MileageIntelligent Driving Utilization RateCumulative Number
212、 of Users2billion kilometersmillion hoursmillion hourstimescasesmillion casesmillion casescasesmillion casesitemsitemsbillion kilometersmillionScenarios of Li Autos autonomous driving2601Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contributio
213、n for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction400 880 320 1.5863.182 75.1491.148The total usage by users in 2024:Smart SpaceThe intelligent in-car assistant,Li Xiang Tong Xue,features multimodal perception and interaction capabil
214、ities such as voice,vision,and language,serving as the professional assistant for vehicle usage,travel,entertainment,and even as an encyclopedia teacher among all family members.Through continuous refinement of our proprietary technologies,we have created Li Smart Space that blends natural talking,f
215、amily entertainment,and professional assistance,delivering a holistic and personalized in-car smart living experience to meet the multifaceted needs of family travel.Highlights of Li Autos smart spaceKey functions of smart spaceActivations of Li Xiang Tong XueTravel AssistantDriving AssistantAssista
216、nt for Knowledge DisseminationCo-pilot Entertainment Screen&Rear Cabin Entertainment Screen UsageEntertainment AssistantActivation-free Instructionsbillion timesmillion timesmillion timesmillion hoursmillion timesmillion times million times27Dialogue FeaturesEntertainment FeaturesService FeaturesSup
217、port multi-person communication and concise voice modeSupport tracking the position of the wake word speaker and continuous conversationSupport gesture recognition and touch recognition in addition to voice recognitionSupport recognition of over 10 regional dialectsSupport external gaming devicesEmb
218、ed WeSing,support HD large screen viewing of MVs,and offer microphonesSupport multi-screen playback,Dolby Vision,and Dolby Atmos,and provide 4D-vibrating seatsOffer a Platinum Audio System,fully self-developed audio algorithms,and Tuning MasterProvide route recommendation,scenic spot introduction,di
219、ning navigation,etc.Provide vehicle status inquiry,troubleshooting,etc.Support music listening,movie watching,popular drama recommendations,fuzzy searchProvide information on astronomy,geography,mechanics,physics,real-time hot topics,etc.through real-time internet connectionVoice InteractionSpatial
220、TrackingDialect Recognition“Game Room”“Karaoke Booth”“Theater”“Concert Hall”Travel AssistantVehicle AssistantEntertainment AssistantEncyclopedia TeacherMultiple Interaction Methods01Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for
221、 a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionUsing deep learning,the defect detection and classification algorithms enhance the precision of the paint surface defect detection system,achieving higher detection accuracy and reducing t
222、he false report rate to a minimum.By integrating vision technology with large models,a comprehensive manufacturing control system is created,covering“Man,Machine,Material,Method,and Environment”and ensuring operational precision and efficiency during production.Developing the worlds first unmanned e
223、nd-of-line.By introducing autonomous driving and wireless device interconnection into the production environment,the Company realized unmanned inspections at eight workstations,including 360 calibration,Head Up Display(HUD)calibration and Advanced Driving Assistance System(ADAS)calibration.We develo
224、ped an industry-leading splash force-controlled automatic polishing technology to replace traditional manual polishing.By applying precise force control and constant pressure adjustment,it ensures that every detail meets stringent quality standards.Force-Controlled Automatic Polishing SystemPaint De
225、fect Detection SystemVideo Intelligence Application PlatformUnmannedEnd-of-LineSmart Industry Material Technology Li Auto strives to establish a data-driven and high-efficiency smart industry system and advance R&D innovation within the smart industry sector.In 2024,the“Lianshan”platform developed b
226、y Li Auto further empowered the vehicle R&D,supply,manufacturing,and after-sales service chain,thus facilitating the transformation of vehicle manufacturing from experience-driven to data-driven.Li Auto extensively applies advanced industrial technologies such as large models and the Internet of Thi
227、ngs(IoT)in its quality inspection processes.This enables the R&D team to obtain real-time operational data of vehicles under various conditions.By uploading vehicle data to the cloud in real time and leveraging large models for in-depth analysis,Li Auto enables early issue detection during R&D phase
228、,driving product design optimization.We are dedicated to utilizing high-quality and high-performance material solutions.We are also exploring material technology innovation in areas such as the development of eco-friendly materials,control of hazardous substances,and recycling.This effort aims to re
229、duce reliance on exhaustible resources and lower carbon emissions during production and usage.For more information,please refer to the subsection“3.2.2 Green Materials Development”.Li Autos smart industry R&D innovation cases2801Compliant Operation and Responsible Governance02Innovative Pioneer and
230、Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionKnowledge Q&AVisual Q&ACover diverse topics such as automobile,travel,finance,and technology;Recognize and describe animals,plants,automobile
231、s,and general items;Support transforming ideas into artworks in styles such as realism,comics,oil painting,and watercolor;Deliver high-quality topic discussions and the latest news;Offer features such as writing and text translation;Provides tips for travel planning,diet,and more.Art CreationDaily P
232、odcastingText ProcessingLife GuidanceSmart Industry Innovative Research and Technological Pre-researchLi Auto actively invests in forward-looking research in four key areas,namely smart car,Li Xiang Tong Xue,smart infrastructure,and smart commerce,to maintain its leadership in next-generation produc
233、ts and technologies.In December 2024,Li Auto launched the mobile App for Li Xiang Tong Xue.This innovation brings Li Xiang Tong Xue from in-car usage to a broader audience.The App is now accessible to all smartphone users,serving as a mobile intelligent assistant anytime,anywhere.Key features of the
234、 Li Xiang Tong Xue App2901Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionLi MEGALi L9Li L8Li L6Li L7List of awards fo
235、r Li Autos productsLi Auto 2024 Smart Car BrandIntelligent Driving Product of the Year,AD Max 3.0The Most Recommended Smart Safety Carof the YearThe Peoples Ingenuity TechnologyEnd-to-end+VLM Dual SystemTop 10 Smart Car Technology Solutions in 2024WP29 R155 CSMS CertificateLarge Model Security Attac
236、k and Defense Competition(Level A)Huayu Award China Model Smart Cockpit of the Year2024 Automotive Intelligent Cockpit Leading Technology Achievement AwardAI Smart Cockpit Capability Certification(Level A)Autonomous DrivingSmart SpaceJanuary 24,2024February 27,2024November 23,2024December 25,2024Dec
237、ember 20,2024January 6,2025December 24,2024December 24,2024AutoR-2024 Smart Car AwardE13 Ministry of Mobility and Public Works,LuxembourgHuxiu-2024 Intelligent Vehicle Innovation ListAutolab-Autolab 8th Golden Flame AwardsOffice of the Central Cyberspace Affairs Commission and Ministry of Public Sec
238、urity-the 5th China Artificial Intelligence CompetitionAI4Auto-Top 10 Smart Car Technology Solutions/Products in 2024P Peoples Ingenuity Award&2024 Peoples Quality Development Forum and Peoples Ingenuity Brand Publicity and Exhibition activitiesJ.D.Power|J.D.Power and Tongji University Human-Vehicle
239、 Relationship(HVR)Lab-Huayu Award China Model Smart Cockpit of the Year in 2024May 24,2024CAERI Testing and Certification(Chongqing)Co.,Ltd.-2024 Auto Software and Communication Conference issued by CAERIOctober 24,2024China Society of Automotive Engineers2024 International Conference of Intelligent
240、 CockpitTop 10 Low-wind-noise Cars of the YearTop 10 Low-drag Cars of the YearSeptember 5,2024CAERI-2024 Annual Conference of Automobile Aerodynamics Branch,China-SAEAppearance Design of the YearNovember 23,2024Huxiu-2024 Intelligent Vehicle Innovation ListRecommended Car Model of IVISTA China Intel
241、ligent Vehicle IndexJuly 11,20242024 Annual Conference of CAERI Automotive Index Technical Expert Committee(IVISTA&C-AHI)No.1 for quality experience of high-end plug-in hybrid vehiclesSeptember 25, 2024 China Automotive Quality Research(AQR)No.1 for Hybrid Medium and Large SUV December 4,2024China A
242、ssociation for Quality 2024 China New Energy Vehicle Industry Customer Satisfaction Index(NEV-CACSI)2024 China Automotive Quality Award Car Model Award(New Energy SUV)November 14,2024A 2024 Award Ceremony for“A Future with Better Quality”China Electric Vehicle Fire Index(C-EVFI)Excellent Model Novem
243、ber 13,2024China Merchants Testing Vehicle Technology Research Institute 2024 Boao Auto Forum China Top 10 Car Body in 2024September 29,2024Cosponsored by CAERI,CISRI and Hunan University-2024 China Top 10 Car BodyMost Popular SUV in 2024December 4,2024China Association for Quality 2024 China New En
244、ergy Vehicle Industry Customer Satisfaction Index(NEV-CACSI)Car Model of the Year in 2024December 18,2024International Automotive Quality Standardization Association(IAQSA)-2024Automotive Disciplined Innovation Award3001Compliant Operation and Responsible Governance02Innovative Pioneer and Outstandi
245、ng Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionIn 2024,Li Auto,in collaboration with the Shunyi District Science and Technology Committee and the Beijing Natural Science Foundation Office,establish
246、ed the Beijing Natural Science Foundation-Shunyi Joint Fund,with an annual funding amount of RMB 30 million.This endeavor highlights Li Autos technological capabilities,injects new momentum into the future development,and further fosters a culture of R&D and innovation.In October 2024,Li Auto co-hos
247、ted and participated in a specialized conference on standards for vehicle intelligence.The event was attended by over 100 experts from more than 50 organizations,including vehicle manufacturers,technology suppliers,testing institutions,and research institutes.As part of the special working group for
248、 intelligent driving standards,Li Auto was responsible for drafting the Research Report on Standardization Requirements for Intelligent Driving Basic System Platforms and the Research Report on Application Scenarios and Standardization of Smart Space as well as Intelligent Driving Technologies.In No
249、vember 2024,Li Auto assisted the Steer-by-Wire Chassis Standards Working Group of the National Technical Committee of Auto Standardization(NTCAS)in hosting its fourth meeting.The meeting gathered over 90 experts representing more than 40 organizations,including vehicle manufacturers,technology provi
250、ders,and testing agencies.Li Auto was actively involved in the development and testing of the Steer-by-Wire Braking Standard GB 21670 and the Steer-by-Wire Steering Standard GB 17675,contributing to the progress of industry standards.Case Study:Li Auto establishes a joint fund project with the gover
251、nment Case Study:Li Auto facilitates the development of the NTCAS standard systemsIn October 2024,Li Auto held its 2024 Tech Day,highlighting over 100 cutting-edge R&D achievements through diverse formats such as physical exhibits,models,videos,and graphic displays.The event covered multiple fields,
252、including autonomous driving,electrification technology,intelligent virtual simulation,and smart industry.With more than 3,600 attendees,including employees,scholars,and government experts,the event highlighted the Companys latest advancements in autonomous driving,electrification technology,and sma
253、rt industry.Case Study:Li Autos 2024 Tech Day 2.1.2 Innovative Technology LeadershipLi Auto boasts a competent R&D and innovation team and actively recruits top-notch talent in the industry.We closely collaborate with research institutes,universities,and industry organizations.In addition to promoti
254、ng industry-university-research innovative cooperation,we actively contribute to the development of industry standards and share technological advancements with society.We are committed to the in-house development of core technologies and have established 89 R&D laboratories in Beijing,Shanghai,and
255、Changzhou.These labs have full-chain development and testing capabilities,including material-level,parts-level,system-level,and vehicle-level testing.In January 2025,Li Auto established its first overseas R&D center,marking the launch of its global R&D strategy.The technical R&D focuses on areas suc
256、h as forward-looking design,powertrains,and intelligent chassis,aiming to build a diversified talent team by attracting global research and development professionals with diverse backgrounds.In 2024,we continued collaborating with universities on various projects and researching areas centered on dr
257、ive motor systems,vehicle life prediction models,and electromagnetic Li Auto actively carries out innovation initiatives both internally and externally to create an innovative workplace.The Company encourages employees to contribute ideas for technological R&D and product upgrades.Through collaborat
258、ion,competition,and mutual learning,Li Auto taps into the creativity and potential of its employees.interference mechanisms.Together with universities such as Tsinghua University,Beihang University,and Shanghai Jiao Tong University,we jointly trained postdoctoral talent and provided a platform for i
259、nnovative R&D,and practical exchange among technological talent.As of the end of 2024,Li Autos postdoctoral workstation housed 26 postdoctoral fellows and seven postdoctoral fellows completing their research work involved in research projects including battery safety algorithms,advanced thermal mana
260、gement,and vehicle control,resulting in more than 60 invention patents filed.Li Auto extensively participates in the development of industry standards with various organizations to promote the standardized development of the industry.In 2024,Li Auto contributed to the formulation and release of 19 n
261、ational standards and a total of 27 national and industry standards.Innovation Culture3101Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green
262、AmbitionIntroduction4,2162,360123As of the end of the reporting period,Li Auto had obtained a cumulative of 2.1.3 Intellectual Property ProtectionIn terms of patent protection,Li Auto fully implements the requirements for patent protection in accordance with relevant laws and regulations such as the
263、 Patent Law of the Peoples Republic of China and the Rules for the Implementation of the Patent Law of the Peoples Republic of China.In 2024,we updated internal regulations,including the Li Auto Inc Intellectual Property Incentives Administration Measures and the Li Auto Inc Domestic and Internation
264、al Patent Process Regulations.Additionally,we introduced internal management documents such as the High-value Patent Evaluation Rules and the Li Auto Inc Patent Quality Management Measures,further standardizing the classification of patent cases,application processes,reward mechanisms,and quality re
265、quirements,effectively protecting technological innovation outcomes.In terms of trademark protection,Li Auto has fully implemented the trademark protection requirements in accordance with relevant laws and regulations such as the Trademark Law of the Peoples Republic of China and the Implementation
266、Rules of the Trademark Law of the Peoples Republic of China.In 2024,we updated internal systems,including the Li Auto Inc.Trademark Authorization Management Process,Li Auto Inc.Trademark Registration Application Standard Process,and Li Auto Inc.Standardized Process System for Trademark Protection,an
267、d introduced additional internal management documents such as Trademark Hierarchical and Classified Management and High-value Trademark Definition.These efforts continuously improve the trademark registration and management system,effectively safeguard the Companys reputation and brand image,and pre
268、vent infringement.During the product development phase,Li Auto closely integrates the intellectual property strategy with the project development plan throughout the entire process,establishing a comprehensive global intellectual property layout.In 2024,we achieved numerous milestones in clean energ
269、y technology,including 430 patents filed in China,123 patents licensed in China,43 patents filed under the Patent Cooperation Treaty(PCT),and 22 patents filed overseas.In 2024,we actively conducted training to raise employees awareness of IPR protection.Meanwhile,we also consistently provided a seri
270、es of patent training sessions online and offline for all employees during the World Intellectual Property Day.We also awarded the outstanding departments and individuals in 2024.As of the end of 2024,Li Auto had carried out 22 IPR protection training sessions,with 777 attendees.Li Autos aquisition
271、of intellectual property rightspatentstrademarkscopyrights3201Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionR&D qual
272、ityManufacturing qualitySupply chain qualityAfter-sales quality2.2 Product Quality and SafetyPutting product quality and safety first,Li Auto has established a rigorous product quality and safety management system that covers design,development,production,testing,and after-sales service.This ensures
273、 that each vehicle meets stringent quality standards,delivering a more exceptional product experience to all family members.Li Auto complies with the Product Quality Law of the Peoples Republic of China and the Standardization Law of the Peoples Republic of China.Adhering to international standards
274、such as ISO 9001 and IATF 16949,Li Auto has built a comprehensive quality management system covering R&D,supply chain,manufacturing,and after-sales service.The Company also regularly engages professional third parties to conduct independent audits and certification.In 2024,Li Auto renewed its IATF 1
275、6949-Quality Management System certification,achieving 100%coverage across all manufacturing bases.We also completed the audits and certification for newly built manufacturing bases,including processes such as product design and development,process design and development,production control,product i
276、nspection,and vehicle delivery.Moreover,the Beijing manufacturing base received the China Compulsory Certification(CCC)from the China Quality Certification Center(CQC)with zero non-compliant items.In 2024,we advanced the Integrated Product Development(IPD)transformation model based on the vertical m
277、anagement 2.2.1 Quality Management Systemof product design and R&D quality,supply chain quality,manufacturing quality,and after-sales quality.We established a horizontal quality management system that covers products,manufacturing,and users.By enhancing end-to-end product quality design and problem
278、traceability,we further improved product development efficiency and quality stability.In 2024,Li Auto compiled 27 new quality-related operation manuals and process documents,covering topics such as end-to-end product quality,problem-solving and traceability,as well as quality measurement and analysi
279、s.Li Auto incorporates safety into the product design and R&D processes.Based on the Plan,Do,Check,and Act(PDCA)management model,we have formulated and implemented the Li Auto Inc.Quality Manual and other quality procedures,such as the Li Auto Inc.Vehicle Development Control Procedures and the Li Au
280、to Inc.Process Design and Development Control Procedures in accordance with the requirements of the quality management system.Furthermore,we standardize the management of functional safety during the design phase to guarantee that the product design aligns with our quality objectives and thus streng
281、thens product safety and quality assurance.Li Auto ensures the quality stability of various materials through means such as in-house R&D,independent manufacturing,vertical integration of the supply chain,and close collaboration with suppliers.We have optimized the management procedures for parts,ref
282、ined the control requirements for each step of parts procurement,and set clear quality and progress standards for parts development in new product projects.This has ensured the reliability of product quality from the source.In 2024,we launched the Hundred Supplier Interconnection Program with our su
283、ppliers to anticipate and address potential quality risks in advance and implement proactive prevention measures and solutions.To date,we have completed system configuration for 28 suppliers and managed material consistency through the Conformity of Production(COP)system.For more information,please
284、refer to the subsection“2.3 Supply Chain Management”.Product Design and R&D QualitySupply Chain Quality Li Autos quality management system3301Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care
285、and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionBy applying advanced technologies such as in-factory autonomous driving,wireless vehicle-equipment interconnection,intelligent scheduling,and automated testing,unmanned inspection is achieved.In-factory unmanned inspectionA tunn
286、el-style camera array combined with machine vision algorithms is used to automatically detect defects in the paint surface.Automated paint surface defect detectionThrough an array of cameras that capture images intelligently and analyze image information about vehicle appearance with smart algorithm
287、s,the automated inspection and archiving of vehicle appearance configurations are realized.Automated exterior configuration detectionUsing distance radar and visual photography,we automatically detect lateral deviations of the vehicle within a specified range to assess whether it meets requirements.
288、Automatic vehicle deviation detectionBased on chromatographic separation and big data prediction models,an in-vehicle odor collection device was designed,and the odor and VOC levels of the entire vehicle were assessed and automatically detected.Automated detection of in-car odor and VOCsWith the tor
289、que inspection task issued by the system,the detection results are wirelessly uploaded to the MES system,thus improving work efficiency and accuracy.Torque inspection data uploadWith barcode-reading cameras automatically identifying the vehicles VIN,the Manufacturing Execution System(MES)system auto
290、mates the checkpoint process instead of manual scanning.Vehicle automatic checkpoint passBy establishing real-time communication between vehicles,cloud platforms,MES systems,and inspection devices,intelligent wireless interconnection between all systems is realized.Wireless vehicle-equipment Interco
291、nnectionBy scanning the three certificates,the system utilizes intelligent visual technology to extract key fields from input images,compare them with system data,and then return the results to the MES system for display.Three-certificate automatic verificationIn-car microphones collect acoustic dat
292、a during vehicle inspections,which is then analyzed with intelligent cloud algorithms to detect dynamic and static noise vibration and harshness(NVH).Noise,Vibration,and Harshness(NVH)intelligent inspectionLi Auto continuously enhances the quality management requirements throughout the vehicle manuf
293、acturing process.We have updated internal policies,such as the Quality Management Problem Level.Besides clarifying and refining the levels and criteria for quality issues,we have also promoted quality transformation and improvement to ensure the stability and reliability of the manufacturing process
294、.Li Auto focuses on building a product verification system featuring software and hardware collaboration to conduct comprehensive and rigorous product testing.This system consists of hardware tests for materials,parts,systems,and vehicles,as well as software tests for autonomous driving,Human Machin
295、e Interface(HMI),and whole vehicle E/E.By combining external strategic collaboration testing resources with internal capabilities to upgrade validation standards,this approach effectively ensures the quality and performance of Li Autos products.During the delivery phase,we conduct rigorous quality s
296、tandard checks on the vehicles appearance,functionality,sealing,safety compliance,and road test performance.The total number of pre-delivery quality standard checks reaches around 3,000,ultimately ensuring optimal user experience and safety.Manufacturing QualityWe proactively incorporate cutting-edg
297、e automated machinery and intelligent driving technologies into the production and manufacturing processes.This integration facilitates automated,intelligent,and unmanned quality inspections in various scenarios.By implementing intelligent inspection projects,we aim to enhance inspection consistency
298、 and accuracy while achieving cost reduction and efficiency improvement.In 2024,Li Auto undertook algorithm development,system debugging,and validation for projects such as unmanned inspection lines,automated detection of paint surface defects,wireless interconnection of vehicle equipment,and automa
299、tic road test and deviation detection at its Changzhou and Beijing facilities.Several projects are currently in pilot operation.Li Auto has established automated testing capabilities for the entire vehicle system,covering key parts such as the three core systems of intelligent electric vehicles(powe
300、rtrain,intelligent driving,and vehicle control),as well as essential controllers.By issuing testing tasks through the cloud,the vehicles automatically perform functional stress tests upon receiving the tasks and conduct multi-scenario load testing on the software system.This process allows for compr
301、ehensive risk identification and interception for improvement before delivery to customers.Currently,Li Autos is an industry leader by virtue of its automated testing capabilities.Li Autos intelligent inspection projects3401Compliant Operation and Responsible Governance02Innovative Pioneer and Outst
302、anding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroduction41,0642,509In 2024,Li Auto recorded74,240In full compliance with the Regulation on the Administration of Recall of Defective Auto Products of the
303、Peoples Republic of China and other relevant laws and regulations,Li Auto has developed the Li Auto Inc.Recall Management Procedures.We have clearly defined the specific work processes and responsibilities of each department to standardize every aspect of the recall process.In 2024,the Company furth
304、er optimized the recall management system,significantly improving its ability to identify potential recall risks and enhance response efficiency.This approach enables us to serve users in a more timely and efficient manner.Meanwhile,we were actively involved in and responded to the development of th
305、e Manufacturers Guidelines for Automobile After-sales Quality ManagementProduct Recall initiated by the State Administration for Market Regulation.Upon receiving any feedback about production or product defects,the decision-making team responsible for handling major quality issues will immediately h
306、old a meeting.According to GB/T 34402-2017 Safety of Motor Vehicle Product-Guidelines for Risk Assessment and Risk Control,we will carry out defect analysis and demonstration on relevant products and decide whether to initiate the recall.Once the defect is confirmed,we immediately halt the productio
307、n and sale of defective vehicles.We actively communicate with vehicle owners about the defect and response measures.Furthermore,we submit recall plans,periodic recall reports,and recall summary reports to relevant government authorities as mandated to effectively address product quality issues and s
308、afeguard users rights and vehicle safety to the greatest extent.In 2024,there were no product recall incidents involving Li Auto,including those caused by health or safety hazards.Li Auto places great importance on raising quality awareness among all employees,continuously enhances their quality res
309、ponsibility,and creates a quality-oriented workplace.We regularly conduct quality training,promotion and case study to foster quality culture.In 2024,we organized a total of 33 quality-related live sessions covering key areas including charging stations,thermal management,chassis,interior and exteri
310、or decorations,and product quality NPS,with over 1,700 attendees.Meanwhile,we launched a“Quality Model”program for all blue-collar employees,resulting in 2,044 monthly quality models,26 annual quality models,and six outstanding annual quality teams.2.2.2 Quality Culture CultivationParticipants of em
311、ployee quality and safety trainingDuration of employee quality and safety trainingSessions of employee quality and safety traininghourssessions 3501Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive
312、 Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionSystem safetyBattery safetyUsage safety Li Autos full-stack self-developed autonomous driving(AD)system is equipped with a powerful Birds Eye View(BEV)perception architecture and LiDAR,thus ensuring accurate recognition ev
313、en in rainy or nighttime conditions.Equipped with the self-developed Autonomous Emergency Braking(AEB)and Autonomous Emergency Steering(AES)functions,the system is able to monitor road conditions in real time to minimize the likelihood of accidents.Li Auto safeguards battery safety throughout the li
314、fe cycle in terms of battery design safety,production safety,and operation safety.With hardware systems that meet the highest ASIL-D safety standard,we provide early fault and risk warnings while maintaining battery safety monitoring on a 24/7 basis.In 2024,Li Autos charging stations were equipped w
315、ith intelligent monitoring equipment.With intelligent safety features,including fire and smoke detection alerts,vehicle occupancy notifications,and automated voice announcements,this approach ensures the safety of charging stations on a 24/7 basis.Vehicle body safetyLi Auto is committed to building
316、a safety system by consistently improving and applying advanced vehicle safety technologies.We also strive to enhance the health coefficient of vehicle materials,aiming to bring a safe travel experience to all family members.Li Auto has established an enterprise-level safety system covering the enti
317、re business chain in accordance with the Guidelines on Strengthening the Construction of Safety Systems for New Energy Vehicle Enterprises jointly issued by five ministries and commissions including the Ministry of Industry and Information Technology of the Peoples Republic of China.The system cover
318、s various dimensions,including product safety design,operational monitoring,after-sales service,emergency response,accident handling,and cybersecurity.To ensure safe driving,Li Auto focuses on enhancing system safety,battery safety,vehicle body safety,and usage safety.2.2.3 User Safety AssuranceDriv
319、ing Safety The“Fortress Protection System”provides comprehensive protection for every family member in the vehicle through multiple safety measures,including dual battery packs and airbag curtains.Li Auto conducts over 40 crash tests under various non-standard safety scenarios,which has surpassed C-
320、IASI and C-NCAP standards.Upon delivery of new vehicles,we distribute the pre-use instructions of the driving assistance system to users to publicize our safe driving operation specifications.Our electronic interlocking technology ensures that rear passengers can securely exit the vehicle during eme
321、rgencies,such as accidental fires or signal disruptions,thus providing enhanced safety for users.3601Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation
322、 and Green AmbitionIntroductionCompleted by Li L6Li L6 Completed by Li L9Li L6 Li L6 achieved the G+/G+/G+/A rating,the highest ratingThe Best Practice Award for Automotive Safety Product ApplicationLi MEGA achieved the G+/G+/G+/A rating,the highest ratingLi L6 Completed by Li L9Li MEGARanked 4th in
323、 EuroCarBody 2024Outstanding Safety Practice AwardApril 18,2024December 10,2024August 13,2024December 16,2024September 5,2024November 8,2024September 5,2024December 16,2024September 19,2024December 30,2024October 17,2024November 8,2024CAERI Super Crash China-New Car Assessment Program(C-NCAP)CAERI S
324、uper CrashChina Intelligent-connected Car Assessment Program(C-ICAP)China Insurance Automotive Safety Index(C-IASI)2024 International Conference of Vehicle Safety and Intelligent TransportationChina Insurance Automotive Safety Index(C-IASI)China Intelligent-connected Car Assessment Program(C-ICAP)CA
325、ERI Super CareCCTV-1 The Cornerstone of a Great Power Li MEGA and Truck Overlap Crash TestEuroCarBody 2024CAERI Awards and certifications for Li Autos vehicle body safety3701Compliant Operation and Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Bette
326、r SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionLi L9,Li L8,Li L7“Zero Formaldehyde”certificate by the China Automotive Technology and Research Center Co.,Ltd.Li L6“Summer Health Navigator”CertificationLi L9CAERI“Super Care”certificate for extr
327、eme driving conditions Li MEGAC-AHI China Automobile Health IndexLi MEGA,Li L9,Li L8,Li L7,Li L6China-Automobile Health Index(C-AHI)five-star certificationFocusing on user health and safety,Li Auto is devoted to providing a healthy and high-quality in-car experience for every family member.We have e
328、stablished a complete material library to carefully choose healthy and environmentally friendly materials by assessing on odor,Volatile Organic Compounds(VOC)levels,performance evaluation,and other criteria.Our goal is to eliminate any potential negative impacts of harmful substances on users from t
329、he source.Furthermore,we conduct strict quality control at every stage of quality testing as well as monitor and evaluate the Vehicle Odor Intensity(VOI)and the in-car concentration of VOC.Our manufacturing bases have set up professional VOC test cabins for the vehicle and parts,which are equipped w
330、ith high-precision analytical equipment such as liquid chromatography,gas chromatography,and gas chromatography-mass spectrometry.Every batch of vehicles regularly undergoes the VOC inspection to ensure that each vehicle delivered should comply with national VOC standards.In terms of vehicle electro
331、magnetic radiation prevention,Li Auto adopts strict standards to control the Electro Magnetic Compatibility(EMC)performance of parts and parts.We conduct EMC verification and virtual simulation verification of vehicle electrical systems in the process of vehicle R&D.We also establish industry-leadin
332、g EMC laboratories to conduct testing and verification for the vehicle and parts.This approach ensures that the electromagnetic radiation impact of our vehicle models is far lower than national standards.Healthy ProductAwards and certifications for Li Autos health products3801Compliant Operation and
333、 Responsible Governance02Innovative Pioneer and Outstanding Product05Community Contribution for a Better SocietyAppendixInclusive Care and Shared Growth0403Low-Carbon Operation and Green AmbitionIntroductionIntegrated Supply Chain ManagementCategory managementSupplier managementHighHighDevelopmentExitCollaborationCertificationEvaluationNominationSourcingClassificationLowMaterial importance levelBo
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