Li Auto Inc. May 2024 Delivery Update
May 31 2024 - 10:00PM
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 35,020 vehicles in May 2024, up 23.8% year
over year. The cumulative deliveries of Li Auto vehicles reached
774,571 as of the end of May 2024.
“We have delivered over 15,000 Li L6s since
deliveries began on April 24, setting a record pace for our newly
launched models. We are fully committed to securing the supply
chain and ramping up production of Li L6 to ensure users receive
their vehicles at the earliest possible opportunity. Sales of the
2024 Li L7, Li L8, and Li L9 continue to gain momentum, driven by
the new pricing strategy we implemented,” commented Xiang Li,
chairman and chief executive officer of Li Auto. “Our market share
in the RMB200,000 and higher NEV market continues to experience
healthy year-over-year growth, expanding to 13.5% for the period
between January to April and strengthening our top position among
Chinese auto brands. We remain cognizant of the challenges we face
and will proactively embrace changes, push the boundaries for
growth, and continue to create better products and services for our
users.”
As of May 31, 2024, the Company had 487 retail
stores in 144 cities, 374 servicing centers and Li Auto-authorized
body and paint shops operating in 214 cities, and 426 super
charging stations in operation equipped with 1,888 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 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, 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 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
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