Core Viewpoint - Li Auto's international expansion strategy is focused on entering the Central Asian market, with a long-term goal of achieving 30% of total sales from overseas by 2025 [1][5]. Group 1: Market Entry and Strategy - Li Auto has opened its first authorized overseas retail center in Tashkent, Uzbekistan, marking its entry into the Central Asian market, with plans to open two more centers in Kazakhstan by November [2][5]. - The company is adopting an authorized dealer model for overseas sales, collaborating with local dealers for distribution and providing after-sales services [2][5]. - The choice of Central Asia as the first overseas market is strategic, as it presents lower regulatory barriers and a growing acceptance of new energy vehicles [7][16]. Group 2: Organizational Changes and Market Focus - In June 2023, Li Auto underwent a leadership change in its overseas department, with Wu Zuoming taking over from Wang Jin, indicating a shift towards a more structured approach to international expansion [6][7]. - The company has decided to temporarily pause its plans for entering the European market, focusing instead on expanding in the Middle East and Central Asia [10][14]. - Li Auto has established a research center in Germany to better understand European market needs and regulations, laying the groundwork for future expansion [12][11]. Group 3: Challenges and Future Outlook - The high entry barriers and operational costs associated with the European market have led Li Auto to prioritize markets with lower risks and more manageable regulations [14][16]. - The experience gained from the Central Asian market will serve as a foundation for future entry into Europe, helping the company adapt its products to meet local regulations and consumer preferences [17][16]. - Li Auto is preparing comprehensively for overseas markets by building professional teams and IT systems to enhance customer experience [16].