The updated Song Pro DM-i continues to be offered in five variants, all with a price cut of RMB 20,000 to a starting price of RMB 109,800 yuan.
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Li Auto said it is targeting a rebound to 50,000 monthly deliveries in March.
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Focus will mostly be on the gross margin, and Nio management's guidance for first-quarter deliveries are expected to be weak.
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The opening of the facility marks the imminent start of production of ClearMotion1, an active suspension product that will be fitted to the Nio ET9, ClearMotion said.
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Chinese customers who take delivery of already-produced vehicles of the Model 3 and Model Y by the end of March can get benefits including an insurance subsidy of RMB 8,000.
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