Li Auto Aims to Deliver 100,000+ EVs in Third Quarter

Lee Auto reported better than expected quarterly results, with a beat on revenue and net income. They raised their revenue expectations, projecting up to CN¥33 billion and 103,000 EV units for the third quarter. Despite being the strongest among China's Big Three EV upstarts, analysts were disappointed by their conservative sales estimates, causing ADRs in New York to drop by 11%. However, shares remain double their value from the start of the year, highlighting Lee Auto's position as a strong competitor to Tesla in China.

Which company is considered the strongest among the three major EV startups in China?

• NIO

• BYD

• Xpeng

• Lee Auto

What revenue figure is Lee Auto expecting to achieve in the third quarter?

• CN¥20 billion

• CN¥25 billion

• CN¥30 billion

• CN¥33 billion

How many EV units does Lee Auto expect to deliver in the third quarter?

• 110,000 units

• 80,000 units

• 90,000 units

• 103,000 units

What was the market reaction to Lee Auto's conservative sales estimates?

• ADRs remained stable

• ADRs rose by 11%

• ADRs rose by 5%

• ADRs fell by 11%

Despite the conservative outlook, how have Lee Auto's shares performed since the start of the year?

• Shares have tripled

• Shares have doubled

• Shares have remained the same

• Shares have halved