Li Auto

Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.

As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.

Cumulative deliveries of the discontinued Li One exceed 210,000 units and cumulative deliveries of the Li L9 have exceeded 100,000 units.

A prominent product manager in China's smartphone industry has joined Li Auto, sparking speculation that the carmaker may follow Nio and make phones.

Wang Xing, CEO of Meituan, cashed in about HK$311 million last week in four consecutive sell-offs of Li Auto's Hong Kong-traded shares.

A high-definition video shows what the Li Mega looks like. The model will be launched in December, with deliveries beginning next February.

All three Li Auto models delivered more than 10,000 units in August, with the least expensive Li L7 continuing to contribute the most.

Li Auto has formed certain goals for the project and will see phased results next year, according to local media.

In the January-August period, Li Auto's market share in China for NEVs of RMB 300,000 and above exceeded 30 percent, the company said.

While Li Auto claims that it is offering the insurance subsidy to celebrate the milestones in the deliveries of its L-series models, it is more likely to be an effort to maintain current sales momentum.