Li Auto’s CEO, Li Xiang, dispelled social media rumors claiming a revised annual production target of 400,000 units for the company, terming them as unfounded and inaccurate. He clarified that Li Auto successfully manufactured over 130,000 units in the first half of the year, but scaling production to 400,000 units over the entire year was not feasible given their current product, sales, production, and organization capabilities. Li Xiang emphasized that the auto industry’s capacity chain is cultivated gradually, with no shortcuts for rapid scaling. [Li Xiang’s Weibo, in Chinese]