Li Auto Inc. July 2024 Delivery Update
01 August 2024 - 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
it delivered 51,000 vehicles in July 2024, setting a new monthly
delivery record and representing an increase of 49.4% year over
year. This brought the Company’s total deliveries in 2024 to
239,981. As of July 31, 2024, its cumulative deliveries reached
873,345 vehicles, ranking first among China’s emerging new energy
auto brands.
“Li L6 sustained its robust sales performance
with monthly deliveries continually exceeding 20,000, and has
become a blockbuster model in the RMB200,000 to RMB300,000 price
range. With the rollout of OTA versions 6.0 and 6.1 in July, Li L
series and Li MEGA have undergone major upgrades, achieving
comprehensive enhancements in product strengths across autonomous
driving, smart space, and smart electric features,” commented Xiang
Li, chairman and chief executive officer of Li Auto. “In
particular, our autonomous driving technology has garnered
significantly higher user interest and recognition following our
2024 Autonomous Driving Summer Launch Event held on July 5. Since
we made our NOA independent of high-definition maps available for
test users in May, the proportion of NOA test drives nearly
doubled, and orders for Li AD Max models equipped with such NOA
function also grew substantially. Additionally, we started to roll
out our new autonomous driving technology architecture based on an
end-to-end model, a vision-language model, and world models, to
approximately a thousand test users at the end of July. We are very
pleased to see that our advancements in autonomous driving
technology are creating value for an expanding user base, as our
products are growing alongside families through OTA updates.”
As of July 31, 2024, the Company had 487 retail
stores in 146 cities, 411 servicing centers and Li Auto-authorized
body and paint shops operating in 220 cities, and 701 super
charging stations in operation equipped with 3,260 charging stalls
in China.
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 in successfully commercializing
extended-range electric vehicles in China. While firmly advancing
along this technological route, it builds platforms for battery
electric vehicles in parallel. The Company leverages technology to
create value for users. It concentrates its in-house development
efforts on proprietary range extension systems, innovative electric
vehicle technologies, and smart vehicle solutions. 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, Li L8, a six-seat premium family SUV,
Li L7, a five-seat flagship family SUV, and Li L6, a five-seat
premium family SUV. The Company will continue to expand its product
lineup 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
Christensen AdvisoryRoger
HuTel: +86-10-5900-1548Email: Li@christensencomms.com
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