Hyperdrive
Li Auto’s Heady EV Sales Target Rests on Winning Over Chipmakers
- Chinese EV upstart aims to ship 2 million cars a year by 2025
- Supply chain is one of ‘biggest challenges,’ co-founder says
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It’s not the best known of China’s US-listed electric car upstarts, but Li Auto Inc. has lofty ambitions -- an audacious target of conquering 20% of the world’s biggest EV market, or selling two million cars a year, by 2025.
To get there will require the Beijing-based maker of luxury e-SUVs to go where no automaker, let alone a startup, has gone before.