LI AUTO(US:LI) Mei Ri Jing Ji Xin Wen·2025-11-28 10:35Core Viewpoint - The company is returning to a founder-led management model to better adapt to the challenges posed by new technologies and the competitive landscape in the AI era [1][3]. Group 1: Management Strategy - The chairman of the company, Li Xiang, announced a shift back to a startup management model starting in Q4, emphasizing the importance of founder involvement for strategic decision-making and implementation [1][3]. - The company has undergone multiple organizational adjustments in 2023, including integrating sales and service under the president and placing talent management directly under the founder's leadership [3][4]. - Li Xiang highlighted that many successful companies, such as Nvidia and Tesla, still operate under a startup management model, suggesting that this approach is effective for maintaining strategic coherence and agility [3][4]. Group 2: Vision and Goals - The company's vision has evolved to become a leading global AI terminal enterprise, with a target to excel in the field of embodied intelligence over the next 3 to 5 years [1][6]. - Li Xiang emphasized the need to address fundamental questions about product and technology direction, focusing on developing embodied intelligent products that can significantly enhance user experiences [7][10]. Group 3: Technological Development - The company is making significant investments in AI, with over 50% of its R&D budget allocated to this area, supported by a cash reserve of 98.9 billion [9][10]. - The company has achieved notable advancements in AI models, chips, and operating systems, including the launch of the MindVLA model and the development of its self-developed AI chip, M100, expected to be implemented in vehicles next year [9][10]. - The company plans to release its first smart glasses in December, marking a strategic move into the embodied intelligence sector [9][10].