Li Auto Is Making Major Moves In China’s Competitive Car Market

Li Auto Inc, one of China's up-and-coming electric vehicle (EV) producers, is looking to expand its footprint in a big way, announcing on Tuesday that it aims to add seven new cars to its lineup. The new lineup will include five range-extended electric models, five pure electric models, and its flagship model. The vehicles will be priced at 200,000 yuan ($29,100) and up. Ma Donghui, Li Auto's president and chief engineer, announced the new lineup at the Shanghai auto show, noting that Li Auto's current best-selling car in China -...