Automotive Jun 30, 2020 12:20 PM (GMT+8) · EqualOcean
The firms owner Li Xiang announced strategy adjustment in a recent interview. Changing the original plan of 20 new stores to 60 this year. According to Li, there were three main reasons behind the change in strategy: 1. Market feedback, 2. Strategic planning for the next 5 years, 3. What the competitors are doing. The founder of the potential leading EV maker of China also said that the expansion must guarantee that although profits can be given up, a higher gross profit must be guaranteed, the cash flow should be positive, and the gross profit should be invested in technology research and development and user services. Also, the firm plans to start the research and development of L4 autonomous driving next year was changed to the start of this year, which is a 1 billion investment.

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