Li Auto

Chinese electric vehicle maker Li Auto reported revenue of RMB 4.15 billion yuan in the fourth quarter of 2020, above market expectations of RMB 3.793 billion and up 65.2 percent from RMB 2.51 billion in the previous quarter.

Li Auto has recently launched an all-electric vehicle program, with the first product scheduled for release in 2023, Chinese media outlet LatePost reported Wednesday.

At a time of fragile market sentiment, investors are anticipating good news from the fourth quarter earnings report.

"As the sales network continues to expand, we expect the new forces' deliveries to remain at a high growth rate," the report said.

Li Auto's 20 percent market share corresponds to 1.6 million units of sales.

Li Auto announced today that its cumulative deliveries exceeded 40,000 units as of February 18, 14.5 months after Li ONE opened for delivery on December 4, 2019.

Chinese smartphone maker Smartisan founder Luo Yonghao gave away 10 iPhone 12s in a Weibo lottery on February 10 in support of Chinese electric car company Li Auto.

From January 1, 2023, Shanghai will no longer issue free special license plates to individual users as well as corporate users who purchase plug-in hybrid (including extended-range) vehicles.

Li Auto today announced that it will release its fourth quarter and full-year 2020 financial results on February 25, 2021, before the US stock market opens.

Nio has been offering charging services to its owners via mobile charging vehicles since 2018, and on January 30, 2019, the company announced that the service would be available to owners of other brands, starting at RMB 380 yuan ($59) for a single service.