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CnEVPost Newsletter: Li Auto terminates at-the-market share offering, sees 500,000th vehicle delivered
Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.
Fang Cheng Bao began accepting customer reservations for the Bao 5 a month ago, with a pre-sale price range of RMB 300,000 - RMB 400,000 yuan.
Model Y production at Giga Shanghai is using one-piece die casting for the rear structure, allowing the component to cost up to 40 percent less.
The Qiyuan A07 is available in three EREV variants and two BEV variants, a strategy that has been proven by local EV makers to be more effective in gaining sales than just offering BEVs.
The MG Cyberster is available in three versions and can accelerate from 0 to 100 kilometers per hour in 3.2 seconds.
China's NEV penetration at retail was 40.4 percent in the September 1-24 period, and 34.2 percent year-to-date.
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