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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