Group 1 - The core point of the news is that Li Auto's subsidiary, Beijing Rockville Technology Co., Ltd., has undergone significant changes, including a drastic reduction in registered capital from 1 billion to 105 million, a decrease of 89.5% [2] - Li Xiang, the founder of Li Auto, has stepped down as the executive director of the subsidiary, indicating a shift in organizational structure as part of ongoing changes within the company [2] - The subsidiary has a broad range of operations, including technology development, enterprise management consulting, and electric vehicle charging infrastructure, showcasing its business scale and capabilities [2] Group 2 - Li Auto is heavily investing in AI products, with plans to launch its first L4 autonomous driving vehicle in the next three years, which will eliminate traditional components like steering wheels and pedals [3] - The company aims to transform vehicles into mobile "living or working spaces" and has a 50% probability of launching an AI supercar by 2030 [3] - 2025 is expected to be a challenging year for Li Auto, and the effectiveness of the organizational changes will be crucial for the company to turn around in 2026 [3]