Li Auto Inc. February 2021 Delivery Update
02 March 2021 - 7:00PM
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 2,300 Li ONEs in February 2021,
representing a 755.0% year-over-year increase, which took
cumulative Li ONE deliveries to 41,276.
“Our February deliveries were affected by
seasonal factors related to the Chinese New Year holiday, as well
as the localized COVID-19 outbreaks in northern China,” said Yanan
Shen, co-founder and president of Li Auto. “With the continuous
expansion of our direct sales and servicing network, and the
effective control of the pandemic in China, we are confident of our
growth momentum going forward.”
As of February 28, 2021, the Company had 60
retail stores covering 47 cities, and 125 servicing centers and Li
Auto-authorized body and paint shops operating in 90 cities.
Looking ahead, the Company plans to accelerate the expansion of its
direct sales and servicing network in order to cater to increasing
user demand, and in preparation for new model launches in 2022 and
beyond.
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 SUVs. Through innovative products,
technology, and business model, the Company provides customers with
safe, convenient, and cost-effective mobility solutions. Li Auto is
the first to successfully commercialize extended-range electric
vehicles in China. The Company started volume production of its
first model, Li ONE, in November 2019. With Li ONE, the Company
leverages its in-house technology to create value for its
customers, focusing on range extension, smart technology, and
autonomous driving solutions. Beyond Li ONE, the Company aims to
expand its product line by developing new vehicles 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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