Source: China – South China Morning PostLi Auto, one of China’s biggest manufacturers of smart electric cars, has priced its second production model – the L9 sport-utility vehicle (SUV) – at 450,000 yuan (US$70,604) to 500,000 yuan.The price tag is likely to raise the competition in the mainland’s luxury car segment which is dominated by conventional marquees such as BMW and Mercedes-Benz.Luxury SUVs made by the big traditional carmakers are typically priced at more than 700,000 yuan.The Beijing-based electric vehicle (EV) start-up…Read More