Li Auto to Add CALB as Third Battery Supplier for i6

This supply-chain shift signals Li Auto's effort to de-risk battery sourcing as it pushes into pure EVs, reducing reliance on existing suppliers. For CALB, it's a strategic win, gaining a high-volume customer that could bolster its market position. The key is whether this diversification points to scaling challenges with current suppliers or a broader strategy to secure capacity ahead of i6 production. Watch how this affects Li Auto's margin trajectory and CALB's order book stability.