Powered by two proprietary chips, the upgraded L9 features the company’s latest driver assistance and smart cabin systems

Li Auto shares slipped Friday despite launching the new Li L9 SUV as weak broader market sentiment and ongoing pressure on EV stocks weighed on investor confidence.

Auto roundup highlighted Li Auto's SUV launch, Chinese EV expansion into Europe, Waymo's robotaxi recall and U.S. concerns over Chinese EVs.

Powered by two proprietary chips, the upgraded L9 features the company’s latest driver assistance and smart cabin systems