Li Auto Third-Quarter Sales Top 105,000 EVs

(Bloomberg) — Li Auto Inc. reported a profit and better-than-expected revenue after delivering more than 105,000 electric vehicles in the third quarter, up from 26,500 a year earlier, benefitting from soaring demand in China for new-energy vehicles.

Revenue totaled 34.7 billion yuan ($4.8 billion) in the three months through September, a 271% increase from a year earlier and 21% higher than the previous quarter, the Chinese automaker said Thursday in a statement.