New Chinese Energy Vehicle startup Li Auto Reaches 30,000 Units this Year

China's new energy vehicle (NEV) startup Li Auto is off to a good start in 2020. On Friday, the company announced that it had achieved cumulative sales of 30,000 units so far this year. The 30,000 sales milestone is the first for a start-up automaker in China, the Gasgoo news outlet reported. Li Auto, along with NIO and Xpeng Motors, emerged as three of China's most promising electric vehicle startups. All three automakers are Tesla's strong competitors in the country.