Li Auto Signs Agreement for Vehicle Production in Kazakhstan
Li Auto Inc., a Nasdaq-listed Chinese automaker specializing in extended-range electric vehicles (EREVs), has signed an agreement to begin assembling its cars in Kazakhstan. The partnership with Allur Group, one of the country's leading automotive groups, aims to expand Li Auto’s global footprint and marks the first mass production facility outside China for the company. Production is set to start at Allur’s plant in Kostanay by 2027. The new venture aligns with Li Auto's recent milestone of selling over 300,000 vehicles globally since late 2019 and follows the launch of its L9 flagship SUV model in Kazakhstan. The company plans to produce models including the L6, L8, and L9 at the facility. Prices for these models range from KZT 44 million (USD $92,000) to KZT 52 million ($109,000). Li Auto's co-founder Ma Donghui emphasized that Central Asia is a strategic region for globalization and highlighted the importance of localized production over exports.
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