China's Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing hurdles such as a lack of enough fast chargers, sending its shares down more than 17% on Tuesday. The decision comes as Li Auto, which has built its profits and success on four extended-range gas electric hybrid models, has also encountered a setback with its first fully electric model Mega that didn't meet its original expectation of sales. "Enough charging stations and enough incremental display spots (in our retail shops) are two critical and necessary conditions for selling our BEV SUV product," chief executive Li Xiang told an earnings call late on Monday, referring to battery-powered EVs.
The car makers used parts made by a supplier banned over alleged links to Chinese forced labour.
Five rescue dogs were honored by Ecuador’s Fire Department on Monday at a ceremony formally retiring them after seven years of service and turning them over to new adoptive owners. Lt. Col. Esteban Cardenas said the dogs — Ares, Kratos, Zeus, Titan and Gaia — were part of the first class of canines used by the department's rescue unit, which works with German shepherds and golden retrievers. Cardenas recalled some of their feats, including aiding in finding survivors of earthquakes and landslides across Ecuador and abroad, including a mission to Mexico in 2017.