There are varying reports from around the world, with some putting the death toll at 8 and the number injured at 20.
Citing two different Chinese reports, Li was approached for driving “erratically” in the coal yard, according to the Herald Sun.
All the coverage suggests Li then argued with a client before killing him and others with the shovel loader.
The Melbourne newspaper reported Li as damaging several vehicles and buildings before heading off onto a nearby highway where he smashed into dozens of vehicles, consisting of cars, motorcycles, four coal trucks and a minibus.
Li also rammed roadside shops and houses according to this report.
The man was arrested by police while the injured were taken to hospital.
Other reports suggest the vehicle Li was driving was a bulldozer.