Li Auto refuted a rumor claiming its Chairman and CEO Li Xiang received a total salary of CNY639 million (USD88.4 million) last year, clarifying that his annual pay is CNY2.66 million (USD368,000). For an extra bonus, Li has to meet the sales target, and the firm’s stock needs to exceed USD29.26 per ADS, as specified in its performance-based option incentives, the Chinese NEV startup noted.