Li Auto Inc. October 2023 Delivery Update
November 01 2023 - 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 40,422 vehicles in October 2023, representing
an increase of 302.1% year over year. Monthly deliveries exceeded
the 40,000 milestone for the first time, and the cumulative
deliveries of Li Auto vehicles in 2023 reached 284,647 as of the
end of October.
“Following steady growth for ten consecutive
months, Li Auto achieved a new milestone with over 40,000 monthly
deliveries, a strong testament to our ever-improving organizational
capabilities across production, sales, and services. Notably, we
are the first Chinese emerging new energy automaker to reach this
benchmark, highlighting our entrance into the next stage of
accelerated scale growth,” said Xiang Li, chairman and chief
executive officer of Li Auto. “Li Auto has led the sales chart of
SUVs priced above RMB300,000 for six straight months, becoming the
best-selling premium brand among SUVs in China. Our Li L series
maintained its broad market appeal, with Li L9 topping the
full-size SUV market for thirteen consecutive months, while Li L7
and Li L8 have ranked first and second place in the large SUV
market for six consecutive months, respectively. The cumulative
deliveries of Li L9 and Li L8 have each surpassed 100,000 units.
Furthermore, Li MEGA, our super flagship 5C BEV model, has garnered
widespread attention ahead of its official launch, underscoring our
potential to build the best-selling model among vehicles priced
above RMB500,000 for multi-generational households in China.”
As of October 31, 2023, the Company had 372
retail stores in 133 cities, as well as 315 servicing centers and
Li Auto-authorized body and paint shops operating in 210
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: 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 to successfully commercialize
extended-range electric vehicles in China. The Company started
volume production in November 2019. Its current model lineup
includes Li L9, a six-seat flagship family SUV, Li L8, a six-seat
premium family SUV, and Li L7, a five-seat flagship family SUV. 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 while expanding its product
line by developing new BEVs and EREVs 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; 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 Relations |
Email: ir@lixiang.com |
|
Piacente Financial Communications |
Brandi Piacente |
Tel: |
+1-212-481-2050 |
|
+86-10-6508-0677 |
Email: Li@tpg-ir.com |
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