The carmaker, which saw losses expand to US$537 million in the quarter ended September 30, said it would hand between 59,500 and 63,500 vehicles to customers between October and December, marking an all-time high.
Aito sold 60,000 units of the M7 in a month, resulting in delivery delays and underlining the strong demand for domestic EVs in the sizzling mainland China market long dominated by Tesla.
The Gigafactory in Shanghai delivered 12 per cent fewer cars in September – bucking the market trend – as Tesla upgraded its mainland China plant ahead of the launch of a revamped Model 3.
Li Auto and BYD, two of China’s top electric vehicle marques, broke monthly sales records in August as they benefited from a release of pent-up demand in the world’s largest EV market.
The ongoing price war in China's automobiles market is likely to continue as previous rounds of heavy discounts have failed to spur sales, dimming the earnings outlook for most of mainland China's carmakers.