Hyperdrive
China’s Li Auto Launches Electrified SUV to Rival Tesla Model Y
- The L7 has a battery and a gasoline engine for extended range
- Deliveries are expected to start next month, CEO Li says
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Beijing-based Li Auto Inc. unveiled an extended-range electrified sport utility vehicle it wants to rival cars like Tesla Inc.’s Model Y.
The L7, introduced during an online event Wednesday, has a starting price of 319,800 yuan ($47,100) and a maximum driving range of 1,315 kilometers (817 miles). The five-seater can cover about 210 kilometers purely electric but also has a four-cylinder gasoline engine to provide additional power for greater range.