Li Auto targets Singapore and Hong Kong in APAC expansion

Wearnes Automotive and Zung Fu Group will serve as general distributors.

Chinese electric-vehicle manufacturer Li Auto Inc. has announced its preparation to enter Singapore and Hong Kong as part of its APAC market expansion and channel buildout.

Under the setup, Wearnes Automotive and Zung Fu Group Hong Kong will serve as general distributors for Singapore and Hong Kong, respectively.

In December, Li Auto will debut Li MEGA, its first right-hand-drive flagship model, at the Thailand International Motor Expo.

The model features a 5.5-meter turning radius with rear-wheel steering, 800-volt active anti-roll bars, and dual-chamber air suspension with continuous damping control. It will then be launched in Hong Kong, alongside the brand.

Li Auto said it aims to bring more than one right-hand-drive model within one year.

Aside from the two markets, the company also signed partnership agreements covering Thailand, the Philippines, and Vietnam on 10 November.

A Li Auto subsidiary will operate in Thailand, with Evante and Infinite Automobile Company as dealer partners, whilst Dangdang New Energy Auto Service and Neera Motors will serve the Philippines and Vietnam, respectively.

Li Auto had struck similar deals in Macao, Cambodia, Laos, and Myanmar in April.