Li Auto First-Quarter Sales Forecast Soars on Expanded EV Lineup
- China EV maker expects revenue of as much as 18.5 billion yuan
- Li Auto unveiled three products last year, all roomy SUVs
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Chinese electric carmaker Li Auto Inc. expects first-quarter revenue to come in as high as $2.7 billion as a revamped and expanded product lineup helps it win sales from rivals including Tesla Inc.
The Beijing-based auto manufacturer said revenue for the three months ending March 31 should be between 17.5 billion yuan ($2.5 billion) to 18.5 billion yuan, according to a statement Monday, more than the 16.5 billion yuan compiled by Bloomberg consensus estimates.