Li Auto Forecasts Soaring First-Quarter Sales on Expanded EV Lineup

(Bloomberg) —Li Auto Inc. expects first-quarter revenue to come in as high as $2.7 billion as a revamped and expanded product lineup helps it win sales from rivals including Tesla Inc., the Chinese electric-car maker said Monday.

The Beijing-based auto manufacturer said revenue for the three months ending March 31 should be between 17.5 billion yuan ($2.5 billion) and 18.5 billion yuan, according to a statement. That would beat the 16.5 billion yuan consensus estimate compiled by Bloomberg.