Li Auto Inc. May 2022 Delivery Update
June 01 2022 - 4:30AM
Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015),
a leader in China’s new energy vehicle market, today announced that
the Company delivered 11,496 Li ONEs in May 2022, up 165.9% year
over year. The cumulative deliveries of Li ONE have reached 171,467
since the vehicle’s market debut in 2019.
“Although our parts suppliers in the Yangtze
Delta region have gradually resumed production, they have not yet
fully recovered and we continue to encounter challenges due to
parts supply shortages. As such, our Changzhou manufacturing base
has not yet reverted to its normal production level, resulting in
delayed deliveries for some of our users. At present, we are
actively collaborating with our supply chain partners to restore
production capacity, aiming to shorten the delivery waiting time
for Li ONE users, while meeting all pandemic prevention and
containment requirements,” commented Yanan Shen, co-founder and
president of Li Auto.
As of May 31, 2022, the Company had 233 retail
stores in 108 cities, as well as 253 servicing centers and Li
Auto-authorized body and paint shops operating in 214 cities.
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 to create
homes on the move that bring happiness to the entire family
(“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 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 smart
electric SUV. The Company started volume production of Li ONE in
November 2019 and released the 2021 Li ONE in May 2021. 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 will 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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