Li Auto Inc. May 2021 Delivery Update
June 02 2021 - 3:00AM
Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an
innovator in China’s new energy vehicle market, today announced
that the Company delivered 4,323 Li ONEs in May 2021, representing
a 101.3% year-over-year increase.
“We are pleased to see our 2021 Li ONE, released
on May 25, receive very positive feedback and strong recognition
from our users demonstrated by the robust order inflow that took
the total orders in May to a record high. Deliveries of the 2021 Li
ONE, the first vehicle in the world with a full-stack
self-developed NOA in a standard configuration, have already
started. Given the strong uptake of the 2021 Li ONE since its
launch and the continuous expansion of our direct sales and
servicing network, we are optimistic that our deliveries in the
second quarter will exceed the top end of our guidance range, and
keep rising going forward, while the ongoing industry-wide
semiconductor shortage continues to generate uncertainties,” said
Yanan Shen, co-founder and president of Li Auto.
The Company had 83 retail stores covering 57
cities, and 147 servicing centers and Li Auto-authorized body and
paint shops operating in 109 cities as of May 31, 2021.
About Li Auto Inc.
Li Auto Inc. is an innovator in China’s new
energy vehicle market. The Company designs, develops, manufactures,
and sells premium smart electric vehicles. Through innovations in
product, technology, and business model, the Company provides
families with safe, convenient, and refined products and services.
Li Auto is a pioneer to successfully commercialize extended-range
electric vehicles in China. Its first model, Li ONE, is a six-seat,
large premium electric SUV equipped with a range extension system
and cutting-edge smart vehicle solutions. The Company started
volume production of Li ONE in November 2019 and delivered over
33,500 Li ONEs as of December 31, 2020. The Company leverages
technology to create value for its users. It concentrates its
in-house development efforts on its proprietary range extension
system, next-generation electric vehicle technology, and smart
vehicle solutions. Beyond Li ONE, the Company aims to expand its
product line by developing new vehicles, including BEVs and EREVs,
to target a broader consumer base.
For more information, please visit:
http://ir.lixiang.com.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Li Auto may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials, and in oral statements made by its officers, directors,
or employees to third parties. Statements that are not historical
facts, including statements about Li Auto’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Li Auto’s strategies, future business
development, and financial condition and results of operations; Li
Auto’s limited operating history; risks associated with
extended-range electric vehicles, Li Auto’s ability to develop,
manufacture, and deliver vehicles of high quality and appeal to
customers; Li Auto’s ability to generate positive cash flow and
profits; product defects or any other failure of vehicles to
perform as expected; Li Auto’s ability to compete successfully; Li
Auto’s ability to build its brand and withstand negative publicity;
cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to
develop new vehicles; and changes in consumer demand and government
incentives, subsidies, or other favorable government policies.
Further information regarding these and other risks is included in
Li Auto’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and Li Auto
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
Li Auto Inc.Investor RelationsEmail:
ir@lixiang.com
The Piacente Group, Inc.Yang SongTel:
+86-10-6508-0677Email: Li@tpg-ir.com
Brandi PiacenteTel: +1-212-481-2050Email:
Li@tpg-ir.com
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