China’s Li Auto Aims to Deliver Over 100,000 EVs in Third Quarter

(Bloomberg) — Chinese electric-car maker Li Auto Inc. raised its revenue guidance and said it expects to deliver more than 100,000 vehicles in the third quarter after reporting better-than-expected quarterly results Tuesday.

Li Auto swung to a net profit of 2.7 billion yuan ($375 million) in the three months through June on revenue of 28.7 billion yuan, it said Tuesday in a statement. It delivered a record 86,533 vehicles, and gross margin hit 21.8%.