China's EV Sales Startup Li Auto is beating Tesla

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Business

November 11, 2023

By Rahul

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According to the China Passenger Car Association.

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Chinese startup Li Auto sold more cars than Tesla’s China business

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Unlike Tesla’s battery-only models,

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Li Auto’s vehicles all SUVs come with a fuel tank for charging the battery

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The startup sold a record 40,422 cars in October, far more than Tesla did at 28,626

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Li Auto forecast it would keep delivering cars at a similar pace in the fourth quarter

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Li Auto plans to begin delivering its first battery-only model in February 2024

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Li Auto’s cars currently sell for between 319,800 yuan ($43,910) to 459,800 yuan

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It’s unclear whether Li Auto will continue to sell more cars than Tesla going forward

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That helps ease consumers’ concerns about driving range

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