LI Auto Inc. aims to outsell BMW, Mercedes-Benz and Audi in China in 2024 as the up-and- coming Chinese carmaker accelerates rollouts of new models and ramps up production.

“We would strive to become the No.1 premium car brand in China in 2024 in terms of sales,” Li Auto’s CEO Li Xiang told investors Tuesday night, adding that the company could achieve a monthly delivery of 40,000 units in the fourth quarter after a production ramp-up.

Founded in 2015, Li Auto will launch its first pure battery electric model MEGA at the end of this year and expects it to be the top-selling model among all cars priced above 500,000 yuan (US$69,315) with all types of fuels in China, Li said.

The firm will launch four new models next year. (SD-Agencies)