Li Auto Inc. July 2023 Delivery Update
01 August 2023 - 6:30PM
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 34,134 vehicles in July 2023,
representing an increase of 227.5% year over year and surpassing
the 30,000 mark for the second consecutive month. The cumulative
deliveries of Li Auto vehicles in 2023 reached 173,251 as of
the end of July.
“As a preferred premium automotive brand for
Chinese families, we successfully delivered our 400,000th vehicle
in July, becoming the first emerging NEV manufacturer in China to
achieve this milestone,” commented Xiang Li, chairman and chief
executive officer of Li Auto. “Our three Li L series models
achieved cumulative deliveries of over 200,000 vehicles since their
successive launches beginning in June 2022. Li L series also
consistently ranked as the top seller among SUVs priced above
RMB300,000 in each month of the second quarter, establishing itself
as a leader in China’s premium automotive market. Specifically, we
delivered over 50,000 Li L7s, our five-seat flagship family SUV,
within five months of delivery commencement, while increasing
monthly deliveries of our two six-seat SUVs, Li L9 and Li L8, from
about 12,000 in March this year to around 20,000 in July. This
solid performance demonstrates our product strength, which drives
our success in a competitive environment and eventually leads to
higher sales. Finally, we intend to roll out Li Magic Carpet air
suspension 2.0 through OTA this month to bring our users
better handling and suspension experience.”
As of July 31, 2023, the Company had 337
retail stores in 128 cities, as well as 323 servicing centers
and Li Auto-authorized body and paint shops operating in 222
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. 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,” 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 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
Li Auto (NASDAQ:LI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Li Auto (NASDAQ:LI)
Historical Stock Chart
From Jul 2023 to Jul 2024