According to Tianyancha, Shandong Li Auto Battery Co., Ltd. was registered on October 13 with a capital of RMB 300 million ($42 million). Li Auto and Sunwoda Power Technology have deepened their partnership by jointly establishing the new company, with each holding a 50% stake. The joint venture will focus on the research, development, production, and sales of lithium-ion power batteries for electric vehicles, aiming to begin mass production of self-developed batteries in 2026. This collaboration marks a key step in Li Auto’s “self-developed and self-manufactured” supply chain strategy, designed to stabilize battery supply, reduce costs, and strengthen its influence within the industry chain. [Jiwei, in Chinese]