China's EV maker Li Auto expects monthly sales to reach 10,000 cars in Sept

Reuters2021-05-26

BEIJING, May 26 (Reuters) - China's electric vehicle maker Li Auto expects sales to reach 10,000 cars a month from September and will expand its sales network, executives said on Wednesday.

Li Auto President Shen Yanan said Li Auto, which has only one model, expects monthly sales of its facelifted Li ONE extended-range electric sport-utility vehicle model to nearly double by September. It sold 5,539 cars in April.

Shen said the firm would expand its sales network and continue to use a direct-sales model strategy to sell its vehicles, adding that it is building a team to research selling overseas. It has 75 stores in more than 50 Chinese cities.

Li Auto, with a market capitalisation of $18 billion, is competing with Tesla Inc and a swathe of Chinese EV makers, including Nio Inc and Xpeng Inc .

CEO Li Xiang said Li Auto plans to invest 3 billion yuan in research and development this year, and expects that number to grow.

Li said he open to further fundraising options including bonds, loans and follow-ons.

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Comments

Aat86
2021-05-28
Aat86
To the moon
ChloeQ
2021-05-26
ChloeQ
Great leadership team. Bound to see further upside
AJ1KO
2021-05-26
AJ1KO
I doubt it will go any further. Unless more varient of car coming up.
AnaiAnai
2021-05-26
AnaiAnai
Still loss making.
- 超群yibo:
  Yes
Motivator
2021-05-26
Motivator
I will give more attention to this stock in future
Yangie
2021-05-26
Yangie
Commet for li auto to the moon!
- Abundance Thankful:
  [Smile]

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Bound to see further upside","listText":"Great leadership team. Bound to see further upside","text":"Great leadership team. Bound to see further upside","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132013836","repostId":2138197765,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136726673,"gmtCreate":1622040608492,"gmtModify":1704178394510,"author":{"id":"3571095578567031","authorId":"3571095578567031","name":"AJ1KO","avatar":"https://static.tigerbbs.com/d4b8865325b5455a1b821890353985de","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"I doubt it will go any further. Unless more varient of car coming up.","listText":"I doubt it will go any further. Unless more varient of car coming up.","text":"I doubt it will go any further. Unless more varient of car coming up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136726673","repostId":2138197765,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136590601,"gmtCreate":1622025923203,"gmtModify":1704366304692,"author":{"id":"3583884958321017","authorId":"3583884958321017","name":"AnaiAnai","avatar":"https://static.tigerbbs.com/8b0d0d8e20a4082ac0bc6a98756546ec","vip":1,"crmLevel":1,"crmLevelSwitch":1},"htmlText":"Still loss making.","listText":"Still loss making.","text":"Still loss making.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136590601","repostId":2138197765,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4465414,"gmtCreate":1622081621705,"gmtModify":1680791246647,"authorId":3576231291459124,"author":{"id":3576231291459124,"authorId":3576231291459124,"name":"超群yibo","avatar":"https://static.tigerbbs.com/6594cf6901beda8fdf0f00a0e5853f18","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136590601,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":136652902,"gmtCreate":1622016400106,"gmtModify":1704366118623,"author":{"id":"3578792610239057","authorId":"3578792610239057","name":"Motivator","avatar":"https://static.tigerbbs.com/e7b2f7cbaac610d00a7c522b479a1ca5","vip":1,"crmLevel":9,"crmLevelSwitch":0},"htmlText":"I will give more attention to this stock in future&nbsp;","listText":"I will give more attention to this stock in future&nbsp;","text":"I will give more attention to this stock in future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136652902","repostId":2138197765,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136687911,"gmtCreate":1622014498133,"gmtModify":1704366081967,"author":{"id":"3582779426446979","authorId":"3582779426446979","name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Commet for li auto to the moon!","listText":"Commet for li auto to the moon!","text":"Commet for li auto to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136687911","repostId":2138197765,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4454815,"gmtCreate":1622014758282,"gmtModify":1680791066146,"authorId":3572176137415007,"author":{"id":3572176137415007,"authorId":3572176137415007,"name":"Abundance Thankful","avatar":"https://community-static.tradeup.com/news/3596d672dc89783cd009721d4bab5ddb","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.00%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136687911,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2138197765"}