Li Auto Inc. January 2024 Delivery Update
February 01 2024 - 3:30AM
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 31,165 vehicles in January 2024, up
105.8% year over year. The cumulative deliveries of Li Auto
vehicles reached 664,529 as of the end of January 2024.
“Riding on the success of three SUV models, in
2023, we not only claimed the best-selling brand among SUVs priced
above RMB300,000 but also secured the top-seller position in the
RMB300,000 and higher NEV market in China,” commented Xiang Li,
chairman and chief executive officer of Li Auto. “2024 will be an
unprecedented year of growth for us, and we will establish a
portfolio of eight competitive models, including four EREVs and
four BEVs, to satisfy the evolving demands of our family users. Our
2024 launches will kick off in March with the official release and
commencement of deliveries of our high-tech flagship family MPV, Li
MEGA, alongside the rollout of the 2024 Li L7, Li L8, and Li L9.
Furthermore, we will continue to increase our investment in
research and development and elevate our technical capabilities in
autonomous driving, smart space, and smart electrification. A
comprehensive upgrade of our sales and servicing network is also
underway, with an aim of establishing 800 retail stores and over
500 Li Auto-authorized body and paint shops by the end of 2024.
Reinforced by our diverse product lineup, together with the
strength of our products and enhanced synergies across our
production, supply chain, and sales and servicing network, we will
challenge ourselves with a target of new high of 800,000 annual
deliveries and a goal towards the best-selling premium auto brand
in China.
“Our super charging network is progressing
smoothly. All our over 330 super charging stations will be open
during the Chinese New Year holiday from February 9 to February 17.
Throughout this period, we are pleased to completely waive
electricity and charging service fees for Li Auto users at these
super charging stations. We hope this helps ensure a convenient and
carefree journey for our users, allowing them to fully relish the
joyous moments of family reunion.”
As of January 31, 2024, the Company had 474
retail stores in 142 cities, as well as 360 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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