Li Auto Responds to Changzhou Parking Lot Video Rumors: Several Hundred Display and Test Drive Vehicles Awaiting Disposal, Site Has 3,900 Parking Spaces

Recently, a video filmed at a parking lot near Gehu Lake in Changzhou has been circulating online. The video's caption claims that Li Auto has been involved in fraudulent subsidy claims and inflating sales figures, and rumors have spread that there are tens of thousands of vehicles in the parking lot. In response to the rumors, Li Auto executive "Ruoyu_Allen" reposted the video and stated that the location shown in the video is Li Auto's parking lot near Gehu Lake in Changzhou. The vehicles parked on the periphery are display cars and test-drive cars recalled after auto shows in various locations. Some of these vehicles have already been registered and are being processed in batches through the used-car disposal procedure. There are several hundred such vehicles awaiting disposal in the parking lot, which has a total of 3,900 parking spaces. Some new inventory vehicles are parked in the central area of the lot. The claims in the video regarding fraudulent subsidy claims and inflated sales figures are untrue.