Li Auto Aims for March Debut of Its First Fully Electric Vehicle, MEGA MPV, with Pre-Orders Open

China’s Li Auto Inc (2015.HK) revealed on Sunday its anticipation to launch and initiate deliveries for its inaugural fully electric vehicle in March.

Already available for pre-orders in China, Li Auto’s MEGA multi-purpose vehicle (MPV) comes with an estimated price tag below 600,000 yuan ($84,533.24).

Back in November, the automaker disclosed that the MEGA MPV would mark the maiden model to roll off its Beijing plant, boasting a design capacity capable of producing 100,000 units annually.

Established in 2015, Li Auto has been a prominent player in the market, offering four extended-range hybrid SUVs targeted at family users, with prices exceeding 300,000 yuan. As of the first ten months of the current year, it secured the seventh position in sales volume among Chinese electric and hybrid car manufacturers. Notably, Li Auto has yet to unveil any plans for international sales.

(Note: Exchange rate used – $1 = 7.0978 Chinese yuan renminbi)