Li Auto reportedly cuts delivery goal amid fierce competition, lackluster demand · TechNode

Li Auto reportedly cuts delivery goal amid fierce competition, lackluster demand · TechNode

Li Auto recently cut its annual delivery goal to 640,000 cars this year instead of the previous target of 700,000 units, as the Chinese electric vehicle maker faces significant pressure from more established rivals such as Huawei-backed Aito. Specifically, the firm aims to deliver 520,000 so-called extended-range hybrid EVs, with both electric battery and a small petrol engine to extend the car’s driving range, a 40,000 cut from its previous goa…