On October 13, 2021, Beijing Hainachuan Automotive Parts Co., Ltd. (hereinafter referred to as “BHAP”) and Li Auto Inc. signed a cooperation agreement to strengthen the cooperation in supply-demand chains, New Four Modernizations technologies and other fields. The Co-founder and President Shen Yanan and Vice Presidents Liao Zehua and Li Bin from Li Auto Inc. and Chairman Xie Wei, President Li Jingang and other senior management members from BHAP attended the signing ceremony.

In recent years, with the constant reshaping of the automobile industry, the development of the “New Four Modernizations” has accelerated, the technologies of intelligent electric vehicles have presented a new trend of platformization, open source and integration, and the coordination among industrial chains becomes more inseparable. The signing of this agreement is an important step taken by both parties to strengthen exchanges and realize the powerful combination based on the perspective of future development. According to the cooperation agreement, Li Auto Inc. and BHAP will deepen the industrial chain cooperation in intelligent, lightweight, and modular products and technologies, and coordinate the innovation and empower the products in the fields such as the forward-looking application of the “New Four Modernizations”, so as to create value for users and provide more satisfactory high-end intelligent electric vehicles.