Company: LI
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001410578-25-000678
Chunk: 35

Company: Li Auto Inc.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 35
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, we may face operational issues that could materially and adversely affect our reputation, business, financial condition, and results of operations, if we fail to address certain factors including, but not limited to, the following:

●   lack of acceptance of our products and services, and challenges of localizing our offerings to appeal to local tastes;
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●   conforming our products to regulatory and safety requirements and charging and other electric infrastructures;
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●   failure to attract and retain capable talents with international perspectives who can effectively manage and operate local businesses;
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●   challenges in identifying appropriate local business partners and establishing and maintaining good working relationships with them;
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●   inability to control the scope of destinations where our vehicles are sold through secondary sales;
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●   availability, reliability, and security of international payment systems and logistics infrastructure;
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●   challenges of maintaining efficient and consolidated internal systems, including technology infrastructure, and of achieving customization and integration of these systems with the other parts of our technology platform;
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●   challenges in replicating or adapting our company policies and procedures to operating environments different from that of China;
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●   national security policies that restrict our ability to utilize technologies that are deemed by local authorities to pose a threat to their national security;
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●   the need for increased resources to manage regulatory compliance across our international businesses;
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●   compliance with privacy laws and data security laws and compliance costs across different legal systems;
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●   heightened restrictions and barriers on the transfer of data between different jurisdictions;
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●   differing, complex, and potentially adverse customs, import and export laws, tax rules and regulations or other trade barriers or restrictions related compliance obligations and consequences of non-compliance, and any new developments in these areas;
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●   business licensing or certification requirements of the local markets;
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●   exchange rate fluctuations;
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●   political instability and general economic or political conditions in particular jurisdictions, including territorial or trade disputes, war, and terrorism; and
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●   significant capital required for entering into new geographical markets, including cost of promoting our brand in the new markets, building sales and services networks.
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Failure to manage these risks and challenges could adversely affect our ability to expand our business and operations internationally as well as materially and adversely affect our business, financial condition, and results of operations.
We may be unable to adequately control the costs associated with our operations.
We have