Li Auto Inc. has reported better-than-expected revenue after delivering over 105,000 electric vehicles in the third quarter, a significant increase from 26,500 a year earlier. This surge in deliveries is attributed to the soaring demand for new-energy vehicles in China. Western automakers, including VW and Stellantis, are investing in minority stakes in Chinese EV companies to access their technology, marking a shift in the dynamics of technology transfer between China and the West. Li Auto's success in China has led to comparisons with Tesla, with some sources suggesting that Li Auto is outpacing Tesla in the Chinese EV market. Meanwhile, Tesla has raised prices for its popular models in China despite intensifying competition from local rivals.
Why are European carmakers paying for Chinese Tech? The China experts are in disbelief https://t.co/f2ld1uiAfZ
Li Auto Is Outgrowing Tesla With a Strategy That Could Work in the U.S. https://t.co/gn0Bh4vg1i
Tesla has marked up two of its most popular models in China despite competition intensifying in the world’s largest auto market as local rivals continue to expand their offerings. https://t.co/KmED3J7olP
This is quite a momentous shift : "Western automakers are paying up for minority stakes in Chinese EV companies to gain access to their technology" In other words, after 40 years of China learning from the West, we've now shifted to the contrary. https://t.co/yfPi5exGxy
Startup Li Auto is beating Tesla China's EV sales https://t.co/2Ou6OQMKUe
Li Auto Inc. reported better-than-expected revenue after delivering more than 105,000 electric vehicles in the third quarter, up from 26,500 a year earlier, benefitting from soaring demand in China for new-energy vehicles. https://t.co/XdhluAIT4C
Western automakers are paying up for minority stakes in Chinese EV companies to gain access to their technology. https://t.co/gTakE00lY1
VW and Stellantis are betting two of China's middling EV makers can help improve their fortunes in the world's biggest auto market https://t.co/qQJ4ai0Zqr
Li Auto reports better-than-expected revenue after delivering more than 105,000 electric vehicles in the third quarter, up from about 26,500 a year earlier https://t.co/y8I6k75DAo