Li Auto's First BEV MEGA To Start Deliveries In February
Portfolio Pulse from Anan Ashraf
Li Auto Inc (NASDAQ:LI) announced the start of deliveries for its first battery electric vehicle (BEV), the MEGA, in February. The MEGA received over 10,000 pre-orders in under 2 hours. It offers a 500 km range on a 12-minute charge and is expected to be priced at around 600,000 yuan ($82,796). Li Auto expressed confidence in the MEGA becoming a top choice for families, aiming to lead in sales across all energy and body types. The company also reported crossing 300,000 cumulative deliveries this year, with the Li L7 leading sales and outperforming Tesla in October sales.
November 17, 2023 | 11:08 am
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Li Auto Inc is launching its first BEV, the MEGA, with deliveries starting in February. The vehicle has seen significant interest with over 10,000 pre-orders in less than 2 hours. The company also reported strong sales figures, surpassing Tesla in October and reaching 300,000 cumulative deliveries.
The positive reception of Li Auto's MEGA BEV, indicated by the rapid pre-order rate, and the company's strong sales performance are likely to generate investor optimism. This could lead to a short-term positive impact on Li Auto's stock price as the market responds to the company's growth potential and competitive edge in the EV market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100