Li Auto

Li Auto CEO shared two camouflage-free images of the Li Mega and hinted that the model will have very low wind resistance.

For the second month in a row, all three Li Auto models saw over 10,000 monthly deliveries at the same time, with the highest-priced Li L9 setting a record.

Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.

Li Auto is set to take deliveries to the next level in the fourth quarter and is expected to see monthly deliveries of more than 40,000 units, the company's CEO said.

This is the sixth consecutive record monthly delivery for Li Auto, bringing third quarter deliveries to a record 105,108 units, above the upper end of the previous guidance range of 100,000 to 103,000 units.

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.