SHANGHAI: Li Auto stated on Friday it should begin mass manufacturing and supply of its first absolutely electrical automotive in February, because the up-and-coming Chinese language automaker bets on fast-charging know-how to unravel vary anxiousness for EV customers.
Li Auto stated its MEGA multi-purpose automobile (MPV), with a waterdrop-shaped entrance design, is to be geared up with 800-volt charging structure and Chinese language battery big CATL’s newest Qilin batteries.The mix would give the MEGA a variety of 500 km (310 miles) on a 12-minute cost, the corporate stated.
Li Auto, which has already began taking pre-orders in China for the brand new mannequin at an estimated value of underneath 600,000 yuan ($83,000), additionally touted the low air resistance of its streaming design, which reduces vitality consumption and extends the driving vary.
The MEGA, which acquired greater than 10,000 orders by midday (0400 GMT), is taking up world auto manufacturers within the large-sized MPV market they nonetheless dominate with gasoline automobiles. Li Auto goals to outsell BMW, Mercedes-Benz and Audi in China in 2024.
“The MEGA is interesting to wealthier, millennium era Chinese language households who’re more and more having extra kids and wish automobiles on this dimension,” stated Invoice Russo, CEO of Shanghai-based advisory agency Automobility.
“All that existed for that class was a approach too costly Toyota Alphard and a GM GL8, which is a mainly a businessman’s lease automotive… they do not take note of something aside from the driving force.”
China Retailers Financial institution Worldwide Securities analyst, Shi Ji, stated in a observe final week that Li Auto anticipated a month-to-month gross sales quantity of 5,000 models or larger for MEGA.
Mercedes Benz is the present market chief within the MPV phase, aiming its Vito mannequin at enterprise customers with common month-to-month gross sales of 1,400 models.
Li Auto declined to touch upon its month-to-month gross sales goal.
“Li Auto’s MEGA will grow to be the best choice of vehicles priced above 500,000 yuan for household customers, the mannequin with the very best gross sales amongst vehicles in that value vary of all gas varieties and sizes,” the corporate stated.
The MEGA MPV would be the first mannequin made at Li Auto’s Beijing plant, which has a design capability of 100,000 models a 12 months.
Based in 2015, Li Auto affords 4 prolonged vary hybrid SUVs priced above 300,000 yuan and designed for household customers. It ranked seventh by gross sales quantity within the first ten months this 12 months amongst producers of electrical and hybrid vehicles in China and hasn’t unveiled any plans to promote its vehicles abroad.
The corporate posted web revenue of two.82 billion yuan within the third quarter and income of 34.68 billion yuan.
($1 = 7.2441 yuan)
Li Auto stated its MEGA multi-purpose automobile (MPV), with a waterdrop-shaped entrance design, is to be geared up with 800-volt charging structure and Chinese language battery big CATL’s newest Qilin batteries.The mix would give the MEGA a variety of 500 km (310 miles) on a 12-minute cost, the corporate stated.
Li Auto, which has already began taking pre-orders in China for the brand new mannequin at an estimated value of underneath 600,000 yuan ($83,000), additionally touted the low air resistance of its streaming design, which reduces vitality consumption and extends the driving vary.
The MEGA, which acquired greater than 10,000 orders by midday (0400 GMT), is taking up world auto manufacturers within the large-sized MPV market they nonetheless dominate with gasoline automobiles. Li Auto goals to outsell BMW, Mercedes-Benz and Audi in China in 2024.
“The MEGA is interesting to wealthier, millennium era Chinese language households who’re more and more having extra kids and wish automobiles on this dimension,” stated Invoice Russo, CEO of Shanghai-based advisory agency Automobility.
“All that existed for that class was a approach too costly Toyota Alphard and a GM GL8, which is a mainly a businessman’s lease automotive… they do not take note of something aside from the driving force.”
China Retailers Financial institution Worldwide Securities analyst, Shi Ji, stated in a observe final week that Li Auto anticipated a month-to-month gross sales quantity of 5,000 models or larger for MEGA.
Mercedes Benz is the present market chief within the MPV phase, aiming its Vito mannequin at enterprise customers with common month-to-month gross sales of 1,400 models.
Li Auto declined to touch upon its month-to-month gross sales goal.
“Li Auto’s MEGA will grow to be the best choice of vehicles priced above 500,000 yuan for household customers, the mannequin with the very best gross sales amongst vehicles in that value vary of all gas varieties and sizes,” the corporate stated.
The MEGA MPV would be the first mannequin made at Li Auto’s Beijing plant, which has a design capability of 100,000 models a 12 months.
Based in 2015, Li Auto affords 4 prolonged vary hybrid SUVs priced above 300,000 yuan and designed for household customers. It ranked seventh by gross sales quantity within the first ten months this 12 months amongst producers of electrical and hybrid vehicles in China and hasn’t unveiled any plans to promote its vehicles abroad.
The corporate posted web revenue of two.82 billion yuan within the third quarter and income of 34.68 billion yuan.
($1 = 7.2441 yuan)
