Li Auto Inc. February 2024 Delivery Update
01 March 2024 - 3:00PM
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 20,251 vehicles in February 2024, up
21.8% year over year. The cumulative deliveries of Li Auto vehicles
reached 684,780 as of the end of February 2024.
“Even with the impact of Chinese New Year and
some trims of Li L series models sold out as we prepare for
switching to new models, our average daily delivery in February
(excluding the eight-day Chinese New Year holiday period) still
increased significantly compared with that of February 2023. We are
scheduled to officially launch the long-expected Li MEGA and 2024
Li L series models at our spring launch event this afternoon. Li
MEGA is a revolutionary model meticulously crafted to meet the
needs of multi-generational households, boasting remarkable product
strengths, and effectively addressing the long-standing challenges
of range anxiety of BEVs. Additionally, our 2024 Li L7, Li L8, and
Li L9 models will come equipped with enhanced functions and
features to better serve our family users. With the release and
deliveries of these new models, we target to have our monthly
deliveries rebound to 50,000 vehicles in March,” commented Xiang
Li, chairman and chief executive officer of Li Auto.
As of February 29, 2024, the Company
had 475 retail stores in 142 cities, as well as 355 servicing
centers and Li Auto-authorized body and paint shops operating in
209 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 MEGA, a high-tech flagship family MPV, Li L9, a
six-seat flagship family SUV, and Li L8, a six-seat premium family
SUV, as well as 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 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
Piacente Financial CommunicationsBrandi
PiacenteTel: +1-212-481-2050
+86-10-6508-0677Email: Li@tpg-ir.com
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