Xiang Li
李想
Xiang Li is a serial entrepreneur best known as the founder and CEO of Li Auto, the smart electric vehicle brand he launched in 2015 after describing it as his "last" startup . He previously founded Autohome, which listed on the NYSE, and PaoPao.com before that . His first venture came at age 18 . Li began with CHJ Automotive, Li Auto's predecessor, where he set out to reshape urban mobility . Beyond operating companies, he has been an active LP in Source Code Capital since its founding, while Source Code Capital in turn became Li Auto's earliest institutional investor and lead A-round backer . Li also teaches a product management course on Dedao . In a 2024 Source Code Capital piece, he framed Li Auto's competitive stance against legacy automakers as inevitable: "they still can't stop our development" .
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Coverage
I'm Not the Pianist on the Ocean, I Choose to Walk onto Land | Terry Zhu in Conversation with OriginFlow's Qin Shentao
Identify the right people, bet on long-term things
A Conversation with Horizon Robotics' Kai Yu: Buffett and Munger Are My Absolute Idols; Entrepreneurship Is Fundamentally a Form of Investment | Linear Talk
Longevity matters more than flashiness.
NuMiao's Li Nan: The World Is Getting More Real, Everyone Wants to See the Real Thing | BuMing Brain Trust
What makes a product stand out?
[Recommended] Winning the World's Admiration Bare-Handed in the AI Era | Buming Startup Camp Now Recruiting
"Winning the world's admiration with nothing but bare hands is usually a young person's privilege."
Winning the World's Admiration Bare-Handed in the AI Era | Buming Startup Camp Now Recruiting
Let's Get Ready to Rumble.
Not Chasing Trends, But Backing the People Who Create Them: From Jumei to ZhenFund, Yusen Dai Has Navigated Cycles and Stepped Into the AI Era
Rebuilding on the Ruins of "Double Reduction": A Conversation with Serial Entrepreneur Liu Ye — From Zuoyebang to Talkit
Keep swimming until the sea turns blue.
On the "Ruins" of Double Reduction, Rebooting Life with AI | A Conversation with Serial Entrepreneur Liu Ye: From Zuoyebang to Talkit
Is AI the Decisive Factor for Embodied Intelligence? After Raising 300 Million in Six Months, How Is VBot's First Product Shaping Up? | A Conversation with Vbot Co-founder Zhe Lun Zhao
I want to make a product that I can bring home to my mom.
Is AI the Decisive Factor in Embodied Intelligence? After Raising 300 Million in Six Months, How Is VBot's First Product Shaping Up? | A Conversation with Zhao Zhelun, Co-founder of Vitality Dynamics
From Mortgaging His House to Building the World's Largest Autonomous Fleet: Yu Enyuan's Seven-Year All-In Bet | Yunqi Capital Doers
"Neolix" and Its "Ant Army"
Ten Years of Entrepreneurship: The Stories of People Coming and Going in Kai Yu's Eyes at Horizon Robotics | Linear Voice
The only way to change the script is to change yourself.
Can AI Turn the Tide for China's EV Startups in Their Bloody Battlefield?
AI isn't a cure-all.
"LimX Dynamics' Wei Zhang: Humanoid Robots Won't Enter Factories, Embodied AI Won't Hoard Real-Robot Data" | Oasis Vitality
Counselor Vitality
10 Facts About 1,000 Chinese Billionaires
The currents of the era, all contained within the sequence.
Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
Li Auto MEGA: One Incident, Four Heartbeats, Three Observations
And, love at first sight.
Code Engraved | How Li Auto Built a Miracle: ¥100B Revenue, ¥10B Profit
Lanchi Ventures has decided to change its English name to Lanchi — a move the firm says better captures its spirit of "returning to where it came from."
Searching for "new species that redefine the future."
Unveiling Li Zexiang: An Engineering Professor and His Sweet Spot
"Let his bullets fly a while longer."
Li Guofei's 10,000-Word Interview: Seeking Wisdom Is About Constantly Breaking the Prison of the Mind
Two worlds that seem to have nothing to do with each other may, at their foundations, arrive at the same destination by different paths.
Code View | *China Enterprises* Exclusive Interview with Xingshi Wang, Managing Partner of Source Code Capital: Finding Certainty in an Uncertain Era
The criteria for what makes a good company have become more diverse, making it harder for investment firms to evaluate them.
Eight BlueRun Ventures Portfolio Companies Named to 36Kr's WISE2022 New Economy Kings Annual List
The Power of Sustaining Innovation
Source Code Capital portfolio company Li Auto goes public, opening a new chapter for Li Auto
The power of the Source Code Capital ecosystem is like the range extender in the Li Auto ONE — it gives Li Auto a vigorous boost of sustained momentum.
Li Auto Meets Reality: "Li ONE" Opens for Pre-Orders
Electric for city driving, gas for long hauls — 800 km of pure-electric range.
Two Portfolio Companies Close Funding Rounds, Four Achieve Strategic Upgrades, and Two Rank First on Global Top Lists | Source Code Capital Community · February
"Ma Hui Notes" chronicles the small steps forward of our community members, shares in the joy of their growth, and looks toward an even brighter future.
2 Companies Close Funding Rounds, 5 Complete Strategic Upgrades, 9 Win 6 Major Awards | Source Code Capital Monthly · January
"Ma Hui Chronicles" documents our members' incremental progress, shares the joy of growth, and looks forward to an even brighter future.
Niu Technologies IPO Lands on Nasdaq; 3 Companies Close Funding Rounds; Code Brain Issue 8 Mines India | Code Brain Newsletter · October
【Source Code Capital Newsletter】Here we record the small steps forward taken by our team members, share the joy of growth, and look forward to an even brighter future.
ByteDance HRD Du Hong: What Can Startup HR Actually Do for a CEO? | FreeS Fund Free Talk
Are values really that big and empty? No.
5 Companies Raise Funding, Several Make China's Top 100 Unicorns List | Code Meet Journal · March
【Source Code Capital Chronicle】A place to record the small steps forward of our team members, share the joy of growth, and look toward an even brighter future.
CHJ Automotive Announces Completion of 3 Billion Yuan Series B Funding Round; Existing Shareholder Source Code Capital Continues to Increase Stake, Bullish on Mobility 3.0 Era
On the era of Auto 3.0, Xiang Li believes its arrival is accelerating.
Two Acquisitions Completed, Six Companies Strategically Upgraded: Lianjia Pushes Into Franchise New Track | Code Club Magazine · February
【Ma Hui Journal】A place to record the small steps forward, share the joy of growth, and look ahead to an even brighter future.
Ma Hui: Entrepreneurs' 2017 and 2018
The Founder's New Year's Intellectual Marathon
Ma Hui Ecosystem in August: Funding, Upgrades, and Honors | Ma Hui Chronicle
**Source Code Capital Chronicle**: A place to record our team's small steps forward, share the joy of growth, and look toward an even brighter future.
"Ma Hui 2016": Xiang Li on CHJ Automotive for the First Time — Reshaping Urban Mobility
On the second day of the Ma Hui event, Source Code Capital LP Xiang Li shared for the first time his new entrepreneurial venture: he's building cars. From R&D and manufacturing to sales and service networks, Li is redefining the future of the auto industry.
"2016 Source Code Capital Summit" — Yiming Zhang: Why I Don't Agree With Controlling Headcount Costs
From April 21 to 23, 2016, the Source Code Capital "Ma Hui" community gathered at Gubei Water Town — a "Jiangnan-style waterside town" at the foot of the Great Wall. At the event, ByteDance CEO Yiming Zhang shared his insights on the talent challenges facing growing companies, covering recruitment and human capital management in comprehensive detail.
【Source Code Capital Exclusive Video】Joining Source Code Capital in 2015, Entering the Inner Circle of the Internet
Source Code Capital hopes to be a growth partner for more founders. Wishing every entrepreneur ever-greater courage and fresh fortune in the new year!



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