Earnings

Startup Li Auto is beating Tesla China’s EV sales

0


Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association.

Nurphoto | Getty Images

BEIJING — Chinese startup Li Auto sold more cars than Tesla’s China business did in October, according to the China Passenger Car Association.

The startup sold a record 40,422 cars in October, far more than Tesla did at 28,626, association data showed Thursday.

Li Auto also forecast it would keep delivering cars at a similar pace in the fourth quarter: Between 41,700 to 42,600 vehicles a month.

Unlike Tesla’s battery-only models, Li Auto’s vehicles — all SUVs — come with a fuel tank for charging the battery. That helps…



Source cnbc.com

0 0 votes
Article Rating

China’s SMIC posts a 80% drop in third-quarter profit

Previous article

Virgin Galactic (SPCE) Q3 earnings report

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings