Li Auto, one of Tesla’s major rivals in mainland China, has set its sights on the Middle East and Asia-Pacific, with its premium intelligent models poised to take on petrol car brands such as BMW and Mercedes-Benz.

The Beijing-based electric vehicle (EV) maker, which is actively building a sales network abroad, expected overseas deliveries to account for 30 per cent of its total by 2030, according to president Ma Donghui.

“It is inevitable that we will compete against BMW, Benz and Audi, which...