Li Auto Inc. August 2024 Delivery Update
August 31 2024 - 10:01PM
Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015),
a leader in China’s new energy vehicle market, today announced that
it delivered 48,122 vehicles in August 2024, an increase of
37.8% year over year. This brought the Company’s total deliveries
in 2024 to 288,103. As of August 31, 2024, its cumulative
deliveries reached 921,467 vehicles.
“Li L6 has gained widespread popularity among
young users, with deliveries exceeding 20,000 for the third
consecutive month, further expanding our market share. Notably, our
share of the RMB200,000 and higher NEV market grew to 18% in July,
outpacing Tesla to become the sales champion among NEV brands in
China. We maintained our strong momentum, retaining the top
spot in sales among China’s emerging new energy auto brands in
August. During the third quarter, we have been enhancing the
product strength across all our models through continued OTA
updates, further boosting user satisfaction and driving our NPS to
a new high for the year to date. Additionally, our full-stack
proprietary autonomous driving architecture, which integrates an
end-to-end (E2E) model and a vision-language model (VLM), showcased
its strong capabilities and potential for further evolution during
user testing. The penetration rate of city NOA mileage among test
users has exceeded 50%,” commented Xiang Li, chairman and chief
executive officer of Li Auto. “As we enhance autonomous driving
system, we are also maximizing the effectiveness of our active
safety features. We rolled out the industry’s first fully automatic
emergency steering function, providing users dual protections in
extreme scenarios through AEB and AES. We would like to express our
gratitude to over 900,000 families for choosing Li Auto. Their
recognition serves as a long-term driving force behind our
commitment to investing in research and development. We will remain
steadfast in our focus on user value to create greater happiness
for families in this era of AI innovation.”
As of August 31, 2024, the Company had 481
retail stores in 145 cities, 423 servicing centers and Li
Auto-authorized body and paint shops operating
in 220 cities, and 748 super charging stations in
operation equipped with 3,506 charging stalls in China.
About Li Auto Inc.
Li Auto Inc. is a leader in China’s new energy
vehicle market. The Company designs, develops, manufactures, and
sells premium smart electric vehicles. Its mission is: Create a
Mobile Home, Create Happiness (创造移动的家,创造幸福的家). Through innovations
in product, technology, and business model, the Company provides
families with safe, convenient, and comfortable products and
services. Li Auto is a pioneer in successfully commercializing
extended-range electric vehicles in China. While firmly advancing
along this technological route, it builds platforms for battery
electric vehicles in parallel. The Company leverages technology to
create value for users. It concentrates its in-house development
efforts on proprietary range extension systems, innovative electric
vehicle technologies, and smart vehicle solutions. The Company
started volume production in November 2019. Its current model
lineup includes Li MEGA, a high-tech flagship family MPV, Li L9, a
six-seat flagship family SUV, Li L8, a six-seat premium family SUV,
Li L7, a five-seat flagship family SUV, and Li L6, a five-seat
premium family SUV. The Company will continue to expand its product
lineup to target a broader user base.
For more information, please visit:
https://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,” “targets,”
“likely to,” “challenges,” 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”)
and The Stock Exchange of Hong Kong Limited (the “HKEX”), 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 and high-power charging battery
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
and the HKEX. 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
Christensen AdvisoryRoger HuTel:
+86-10-5900-1548Email: Li@christensencomms.com
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