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Li Auto said the cumulative deliveries of its Li ONE REEV surpassed 40,000 units as of Feb. 18, 2021, only 14.5 months after the delivery kicked off. Notably, the company was also the first Chinese EV startup that achieved the milestone.

Hillhouse Capital, an Asia-focused private equity firm, has spent $200 million on acquiring the stocks BYD recently issued to specified objects, a local media outlet reported earlier this month.

Baidu had received 199 autonomous driving licenses in China by the end of December 2020, the Internet giant noted in its financial results for the fourth quarter of 2020.