Hyperdrive
Li Auto’s Revenue Beats Forecast With Over 105,000 EVs Sold
- Net income climbs to 2.8 billion yuan from a loss year earlier
- Chinese EV makers shares have risen 143% in US in 12 months
A Li One electric sport utility vehicle at a Li Auto Inc. showroom in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Li Auto Inc. reported better-than-expected revenue after delivering more than 105,000 electric vehicles in the third quarter, up from about 26,500 a year earlier.
Total revenue was 34.7 billion yuan ($4.8 billion) in the three months through September, a 271% increase from a year earlier and 21% higher than the previous quarter, the Chinese automaker said in a statement Thursday.