Li Auto's November sales plunge 31pc

Li Auto’s (2015) November sales plunged by 31.9 percent year-on-year to 33,181 units amid fierce competition in China’s auto market. 

For the first 11 months of the year, the electric vehicle maker delivered 362,097 cars, down by 18.1 percent from the previous year. 

The firm expects its monthly production capacity for Li i6 to reach 20,000 units by early next year.

Li Auto had 544 retail stores in 157 cities, 556 servicing centers and Li Auto-authorized body and paint shops operating in 227 cities, as of Sunday. It also had 3,614 supercharging stations in operation, equipped with 20,027 charging stalls in China.