The mystery surrounding the fate of Li Auto has finally been solved. Dangdang New Energy Auto Service takes over the distributorship of the premium Chinese new energy vehicle brand made formal in an official signing ceremony.
The announcement is part of a broader signing of distributors across key Southeast Asian markets including Thailand, Hong Kong, Singapore, and Vietnam. Nestor Wu, vice-president of Li Auto International calls it , “An important milestone as Li Auto officially enters Asia-Pacific markets.”
Li Auto isn’t new to the Philippines. The brand was launched last year under HomeAuto and even opened two showrooms—one in Bonifacio Global City and another in Aseana, Paranaque. The brand even had plans to expand to strategic areas such as Cebu, Davao, Alabang, Quezon City, and Clark in Pampanga.
Unfortunately for HomeAuto, those brands didn’t come into fruition as both the BGC and Aseana dealerships have seen been transformed and remodeled into Geely dealerships. It’s not known if HomeAuto will be operating those two dealerships.
This paved the way for Dangdang New Energy Auto Service to take over the official distributorship. No details have been shared by Li Auto, but reportedly, the first showroom will be somewhere along Chino Roces in Makati City.
In China, Dangdang New Energy is an EV sales and service company in which Hong Kong-listed dealer group China Harmony Auto made a strategic investment.
Harmony Auto is also heavily involved in new energy vehicle retail and service, including BYD dealerships located in BGC, Commonwealth, and Fairview.
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