LI AUTO(US:LI) Cai Jing Wang·2025-10-31 23:11Core Viewpoint - Li Auto has initiated a recall of 11,411 MEGA electric vehicles following a fire incident, emphasizing proactive measures to ensure safety and prevent future occurrences [1][2][3][4]. Group 1: Recall Details - The recall plan was filed with the State Administration for Market Regulation, covering MEGA vehicles produced between February 18, 2024, and December 27, 2024 [1][3]. - The recall is due to insufficient corrosion resistance of the coolant, which may lead to battery and motor controller failures, posing safety risks [1][3]. - Li Auto will replace the coolant, battery, and motor controller for the affected vehicles at no cost [1][3]. Group 2: Incident Background - The recall follows a fire incident on October 23, 2023, in Shanghai, where a MEGA vehicle caught fire while in motion [4][5]. - Li Auto stated that preliminary investigations indicated normal conditions for battery cells prior to the incident, ruling out battery defects as the cause [2][4]. - The company has implemented a cloud-based warning system to alert users of potential issues and ensure safety during vehicle operation [2][3]. Group 3: Company Response and Market Impact - Li Auto's CEO emphasized the importance of addressing risks immediately, stating that the company will not wait for conclusive investigations to take action [4]. - The MEGA model, launched in March 2024, is the company's first pure electric MPV, priced starting at 529,800 yuan [5][6]. - Despite initial slow sales, the MEGA's monthly deliveries have improved, exceeding 3,000 units in September 2024 [6].