Li Auto introduced its first all-electric fashion, the Mega, on Friday, aiming to seize a bigger percentage in a high-growth branch of China’s fiercely aggressive automobile marketplace. CEO Li Xiang said that CATL’s unedited battery generation supplies the 5.3-meter lengthy multi-purpose car with a riding differ of 710 kilometers (441 miles) between fees and a snappy 12-minute refuel for an alternative 500 km differ. With an external reminiscent of the bullet-style glance of China’s high-speed railway, the van boasts the most important cabin dimension amongst competition, that includes an efficient internal range of three,791 mm, surpassing Toyota’s Alphard at 3,470 mm. The Beijing-based automaker plans a instrument replace by way of June, enabling the car to autonomously landscape and alter lanes on Chinese language expressways. Priced at RMB 559,800 ($77,756), the Mega is scheduled for supply on March 11. Multi-purpose car gross sales larger 15.9% YoY to round 1.1 million devices latter time, outpacing SUVs (10.3%) and sedans (0.4%), in keeping with the China Passenger Automobile Affiliation. Li Auto, having offered 376,030 extended-range hybrid EVs in 2023, targets to double deliveries with the establishing of 4 battery EVs and one EREV fashion this time. [TechNode reporting]