Li Yinan ventures into new car manufacturing!

According to the news from 36Kr, Li Yinan, the founder of Xiaoniu Electric and former vice president of Huawei, has now entered the field of new energy vehicles. The new car, which is currently in the testing phase, is a plug-in hybrid electric SUV model, with a price range around RMB 200,000.

In addition, the current team members of the project are independent of Xiaoniu team, with a scale of more than 100 people, and the project has been ongoing for more than a year.

Plug-in hybrid electric vehicles are currently in the mainstream of the new energy vehicle market, with electric drive and no range anxiety. Besides, brands such as NIO, Horizon, and Voyah have corresponding production plans for plug-in hybrid electric vehicles, which will further open up and mature the corresponding segmented market.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email