Li Auto has changed managers
2022.12.09 13:54
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Li Auto has changed managers
Budrigannews.com – Chinese manufacturer of electric vehicles, Li Auto Inc. (NASDAQ:) announced today that Mr. Yanan Shen, the president and director of the company, has quit to focus more on his personal life. On January 1, 2023, the resignation will take effect. Mr. Shen will remain with the company to assist it in its ongoing efforts to upgrade its organizational structure in preparation for its future success.
In addition, the electric car manufacturer made the announcement that Mr. Donghui Ma, the chief engineer, has been elevated to the position of president and appointed a director of the business, both of which will take effect on January 1, 2023. On December 12, 2022, senior vice president Mr. Yan Xie will be promoted to chief technology officer.
“On behalf of our board and the management team, I would like to thank Yanan for his contribution to Li Auto since 2015,” said Mr. Xiang Li, founder, chairman, and CEO of Li Auto. His sound judgment and leadership have helped our company grow from nothing to one and set amazing delivery records in the smart NEV market in China, one after the other.
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Over the years, Yanan has been a great partner and a lifetime friend who I will always treasure and learn from. I am extremely grateful that Yanan will continue to support our crucial organizational upgrades so that we are prepared for our “one-to-ten” development before he switches focus. In the meantime, we are thrilled about Donghui and Yan’s promotions and anticipate working with them in their new roles to advance Li Auto.
“It has been a privilege to serve Li Auto during its founding and rapid development alongside the appropriate team. Mr. Yanan Shen added, “The strong support and guidance from Xiang has helped me always strive further, for which I’m deeply grateful.” “I believe it’s now time to take a break and rethink how to create more value for my family and society.”
Xiang is not only my closest friend in life but also my mentor at work. Additionally, I would like to express my gratitude to Donghui, Yan, and our chief financial officer, Tie Li, for supporting me through all of the ups and downs, as well as to everyone at Li Auto for their support, dedication, and hard work. Mr. Shen concluded, “I have every confidence that Li Auto will be the ultimate winner among the global smart new energy automakers.”
Midday trading has LI shares down 11.78 percent.
