Core Viewpoint - Li Auto-W (02015.HK) announced a board meeting scheduled for November 26, 2025, to consider and approve the group's unaudited financial performance for the three months ending September 30, 2025 [1] Group 1 - The board meeting will focus on the financial results for the specified period [1]

Core Viewpoint - Li Auto has announced handling measures regarding quality issues related to the 2024 MEGA vehicles and the 2025 L series, identifying specific responsibilities and consequences for involved employees [2][3] Group 1: Quality Issues - The company identified three main causes for the coolant leakage issue in the 2024 MEGA vehicles, attributing primary responsibility to personnel in materials technology and battery testing [2] - For the L series 2025 model, insufficient testing of the lower arm bushing grease led to complaints of noise, significantly affecting user experience [2] Group 2: Employee Accountability - A total of 5 employees were held accountable for the coolant leakage issue, with measures including contract termination for direct staff and performance penalties for their managers [2][3] - In addition, 4 employees were held accountable for the battery testing and risk assessment failures, with similar consequences applied [2]

Group 1 - The core issue involves quality incidents related to the 2024 MEGA and 2025 L series vehicles from Li Auto, including coolant leakage and noise from the lower arm bushing [5][7] - Li Auto has initiated a recall of 11,411 vehicles due to insufficient corrosion resistance of the coolant, which can lead to battery overheating and safety hazards [5][6] - The company has identified three main causes for the coolant leakage issue, leading to accountability measures against several employees, including contract termination and performance penalties [6] Group 2 - There have been reports from multiple owners regarding noise issues in the front wheels of the 2025 L series models, affecting the driving experience [7] - Li Auto has acknowledged the noise issue is due to a new type of hydraulic bushing grease that changes viscosity at high temperatures, but it does not affect safety or performance [7][8] - The company has launched a special service initiative to address the noise complaints, offering extended warranty options for affected vehicles [8]

董事會會議召開日期 理想汽車（「本公司」，連同其附屬公司及併表聯屬實體，統稱「本集團」）董事會 （「董事會」）茲通告謹定於2025年11月26日（星期三）舉行董事會會議，以（其中包 括）考慮及通過本集團截至2025年9月30日止三個月的未經審計財務業績及其發 佈。 本公司的管理層將於美國東部時間2025年11月26日（星期三）上午七時正（即北 京╱香港時間同日的下午八時正）舉行業績電話會議。 有意參加電話會議的參與者請在會議計劃開始時間前使用下文提供的鏈接完成在 線登記。於登記後，參與者將收到電話會議進入信息，包括撥號、會議密碼及獨 有登記編號。要加入會議，請撥打提供的號碼，輸入密碼和您的登記編號，您將 立即加入會議。 參與者在線登記：https://s1.c-conf.com/diamondpass/10051194-g5x3ws.html 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Li Auto Inc. 理想汽車 （於開曼群島註冊成立以不 ...

Core Viewpoint - Li Auto has announced two handling notices regarding quality incidents related to the 2024 MEGA vehicles and the 2025 L series vehicles, following a fire incident and customer complaints about noise issues [2][4]. Group 1: 2024 MEGA Vehicle Quality Incident - A fire incident involving a 2024 MEGA vehicle led to an internal investigation, revealing insufficient corrosion resistance of the coolant, which could cause leakage and potential safety hazards [2]. - Li Auto has proactively recalled 11,411 vehicles due to the identified safety risks associated with coolant leakage [2]. Group 2: 2025 L Series Vehicle Noise Issue - Customers reported noise issues with the front wheels of the 2025 L series models shortly after purchase, leading to dissatisfaction with the after-sales service [4]. - The company identified the cause of the noise as a quality issue with the lower arm ball joint, which does not affect safety but has impacted customer experience [5]. - Li Auto has initiated a special service action to address the noise complaints and extended the warranty for the front suspension system to 8 years or 160,000 kilometers for affected vehicles [5].

Core Viewpoint - Li Auto has announced internal accountability measures in response to two quality incidents involving the 2024 MEGA vehicles and the 2025 L series vehicles, focusing on employee responsibility and corrective actions [1][2]. Group 1: Quality Incidents - The first incident involves a batch quality issue with the 2024 MEGA vehicles, where coolant leakage was identified. Three main causes were determined, leading to accountability for 18 employees [1]. - The second incident pertains to the 2025 L series vehicles, where insufficient testing of the lower arm bushing grease resulted in noise complaints from users, significantly affecting their experience [2]. Group 2: Accountability Measures - For the coolant leakage incident, five employees were held primarily responsible for inadequate coolant verification, while four employees were accountable for insufficient battery testing and risk assessment. Five additional employees were found to have secondary responsibility in risk evaluation and user vehicle handling [1]. - In the case of the L series noise issue, four employees were held accountable for their work negligence, with similar penalties applied, including contract termination for direct employees and performance-related sanctions for their managers [2].

Core Insights - Li Auto has issued two handling announcements regarding quality incidents involving the 2024 MEGA vehicles and the 2025 L series vehicles, addressing issues related to coolant leakage and abnormal noise from the lower arm bushing [2] Group 1: 2024 MEGA Vehicle Quality Incident - The coolant leakage issue was attributed to three main causes: insufficient validation of coolant, inadequate testing and risk assessment of the power battery, and improper response from various departments during risk assessment and vehicle handling [2] - Five employees were held primarily responsible for the coolant validation issue, while four employees were accountable for the battery testing and risk assessment [2] - Employees directly involved faced contract termination, while their managers received penalties including a performance rating capped at I, cancellation of year-end bonuses, and disqualification for promotions [2][3] Group 2: 2025 L Series Vehicle Quality Incident - The L series vehicles experienced abnormal noise complaints due to insufficient testing of grease in the lower arm bushing, significantly affecting user experience [2] - Four employees were held accountable for this incident, with similar penalties applied as in the previous case [3]

Core Points - On November 14, Li Auto announced handling measures regarding quality issues related to the 2024 MEGA vehicles and the 2025 L series vehicles, including coolant leakage and abnormal noise from the lower arm bushing [1][2] - A fire incident involving a 2024 MEGA vehicle on October 23 led to an internal investigation, revealing insufficient corrosion resistance of the coolant, which could cause safety hazards [1][2] - Li Auto has initiated a recall of 11,411 vehicles due to the identified safety risks [1] Group 1: Quality Issues and Responses - The coolant leakage issue was attributed to three main causes, leading to accountability measures against 14 employees, including contract terminations and performance penalties [2][5] - The abnormal noise issue in the 2025 L series vehicles was linked to a new type of hydraulic bushing grease, which has been addressed, and the company assured that it does not affect vehicle safety [3][4] - Li Auto has launched a special service initiative for affected customers, offering extended warranty options for the L series vehicles [4][5] Group 2: Customer Reactions and Company Actions - Customers reported dissatisfaction with the handling of the noise issue, expressing concerns over the lack of compensation and the impact on their driving experience [3][4] - The company has committed to resolving the noise complaints and has extended the warranty for the front suspension system to enhance customer confidence [4][5]

Core Insights - Li Auto has reported two significant "batch quality incidents" affecting its flagship models, the 2024 MEGA and the 2025 L series, leading to severe accountability measures against responsible personnel [1] Group 1: Incident Details - The 2024 MEGA model has been found to have a serious issue with "coolant leakage" in some vehicles, attributed to major oversights in the R&D and validation processes [1] - The company identified insufficient verification of coolant and inadequate risk assessment for battery leakage as key factors in the MEGA incident [1] - The 2025 L series, which has not yet been widely delivered, is reported to have a quality risk related to "noise from the lower arm bushing," linked to failures in the smart chassis department's testing [1] Group 2: Accountability Measures - A total of 14 employees from various departments, including materials technology and battery R&D, faced accountability for the MEGA incident, with some being terminated [1] - Four employees were held accountable for the L series issue, with the company acknowledging the negative impact on user experience and product quality reputation [1] - Directly responsible employees received the maximum penalty of contract termination, while their managers faced loss of year-end bonuses, promotion disqualification, and performance ratings capped at level I [1]

Core Viewpoint - Li Auto Inc. will report its unaudited financial results for Q3 2025 on November 26, 2025, before the U.S. market opens, followed by an earnings conference call on the same day [1]. Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles [4]. - The company's mission is to create a mobile home and happiness, emphasizing safety, convenience, and comfort in its products and services [4]. - Li Auto is recognized for successfully commercializing extended-range electric vehicles in China while also developing battery electric vehicle platforms [4]. - The company began volume production in November 2019 and currently offers a range of models, including a flagship family MPV and several extended-range electric SUVs [4]. - Li Auto aims to expand its product lineup to reach a broader user base [4].