Chinese EV startup Li Auto sees record monthly delivery

NANJING - Chinese electric vehicle (EV) maker Li Auto Inc set a monthly record by delivering 2,711 Li ONE models in August, company data showed.

The company started production of its first extended-range electric hybrid SUV Li ONE in November 2019 and had delivered 14,656 of them in the first eight months of 2020.

The EV manufacturer set its IPO price at $11.5 when it began trading on NASDAQ in late July.

As of Aug 31, 2020, Li Auto had 31 retail stores in 26 cities across China. The company will further expand its direct sales in more Chinese cities in the coming months.