{"id":33555,"date":"2023-11-10T03:12:34","date_gmt":"2023-11-10T03:12:34","guid":{"rendered":"https:\/\/isafespend.com\/news\/startup-li-auto-is-beating-tesla-chinas-ev-sales\/"},"modified":"2023-11-10T03:12:36","modified_gmt":"2023-11-10T03:12:36","slug":"startup-li-auto-is-beating-tesla-chinas-ev-sales","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=33555","title":{"rendered":"Startup Li Auto is beating Tesla China&#8217;s EV sales"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p>BEIJING \u2014 Chinese startup <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Li Auto<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> sold more cars than <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Tesla&#8217;<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>s China business did in October, according to the China Passenger Car Association.<\/p>\n<p>The startup sold a record 40,422 cars in October, far more than Tesla did at 28,626, association data showed Thursday.<\/p>\n<p>Li Auto also forecast it would keep delivering cars at a similar pace in the fourth quarter: Between 41,700 to 42,600 vehicles a month.<\/p>\n<p>Unlike Tesla&#8217;s battery-only models, Li Auto&#8217;s vehicles \u2014 all SUVs \u2014 come with a fuel tank for charging the battery. That helps ease consumers&#8217; concerns about driving range.<\/p>\n<p>Li Auto plans to begin delivering its first battery-only model in February 2024, the MEGA multi-purpose vehicle. The company said it&#8217;s planning three more battery-only vehicles for launch in the second half of next year.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107330186\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107330186\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000321705\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Li Auto&#8217;s cars currently sell for between 319,800 yuan ($43,910) to 459,800 yuan. The Model 3 and Model Y start at lower prices, 259,900 yuan and 263,900 yuan, respectively.<\/p>\n<p>It&#8217;s unclear whether Li Auto will continue to sell more cars than Tesla going forward. In September, Tesla sold 43,507 cars while Li Auto sold 36,060, China Passenger Car Association data showed.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/a54b41835a8b60db28c2.svg.svg+xml\" class=\"Collapsible-dismissButton\" alt=\"hide content\"><\/div>\n<\/div>\n<p><iframe title=\"Li Auto vs Tesla\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=LI&amp;range=YTD&amp;comp=TSLA&amp;type=line&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Li Auto vs Tesla<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Read more about electric vehicles, batteries and chips from CNBC Pro<\/h2>\n<h2>These Nasdaq stocks are already in a bear market, including Tesla and Airbnb<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Li Auto on Thursday reported third-quarter earnings and revenue above FactSet estimates.<\/p>\n<p>Unlike many local peers, the company has no immediate overseas expansion plans.<\/p>\n<p>The startup, however, is looking at driver-assist tech as a way to compete in China&#8217;s hot electric car market.<\/p>\n<p>The company plans to more than double the size of its research and development team for autonomous driving, from around 900 people to more than 2,500 by the end of 2025, President Donghui Ma said on an earnings call Thursday, according to a FactSet transcript.<\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/10\/startup-li-auto-is-beating-tesla-chinas-ev-sales.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING \u2014 Chinese startup Li Auto sold more cars than Tesla&#8217;s China business did in October, according to the China Passenger Car Association. The startup sold a record 40,422 cars in October, far more than Tesla did at 28,626, association data showed Thursday. Li Auto also forecast it would keep delivering cars at a similar<\/p>\n","protected":false},"author":1,"featured_media":33556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-33555","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Startup Li Auto is beating Tesla China&#039;s EV sales | iSafeSpend<\/title>\n<meta name=\"description\" content=\"BEIJING \u2014 Chinese startup Li Auto sold more cars than Tesla&#039;s China business did in October, according to the China Passenger Car Association.The startup\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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