LI Auto recalls about 50% of its sold vehicle

$Li Auto(LI.US)$ Recalled about 50% of the vehicle.
Effective on November 7, 2020, the Company will start to replace, free of charge, the control arm ball joint of the front suspension on 10,469 Li ONEs produced on or before June 1, 2020, in accordance with the requirements by the PRC State Administration for Market Regulation (“SAMR”). Li ONEs produced after June 1, 2020 are already equipped with an upgraded version of the control arm ball joint of the front suspension. The Company’s replacement plan as part of this voluntary recall, while strictly adhering to the SAMR requirements, is the same as the vehicle upgrade plan that the Company proactively initiated and announced on November 1, 2020. The Company expects to complete the replacement within three months.