Li Auto Inc. (Nasdaq: LI; HKEX: 2015), a prominent player in China’s new energy vehicle market, announced a significant increase in vehicle deliveries for June 2024, with 47,774 units delivered, marking a 46.7% year-over-year rise. This achievement brings the company’s second-quarter deliveries to 108,581 vehicles, a 25.5% increase compared to the same period last year. As of June 30, 2024, Li Auto’s cumulative deliveries have reached 822,345 vehicles, securing its position as the leading brand among China’s emerging new energy auto manufacturers.
“In June, our sales momentum continued to increase, with monthly deliveries exceeding 40,000 vehicles and surpassing 20,000 vehicles for the Li L6 alone,” said Xiang Li, Chairman and CEO of Li Auto. “Since the second quarter, Li Auto has reclaimed the top spot in sales among China’s emerging new energy auto brands and has become the sales champion of Chinese auto brands in the RMB200,000 and higher NEV market. This success is driven by the launch of our new model, Li L6, and improved store efficiency.”
Marking the ninth anniversary of Li Auto, Xiang Li reflected on the company’s remarkable growth and expressed gratitude to users and partners. Emphasizing the company’s focus on user value and continuous product and technology iteration, he announced the rollout of NOA (Navigation on Autopilot) independent of high-definition maps to all Li AD Max users in early July, enhancing nationwide usability of their autonomous driving functions.
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As of June 30, 2024, Li Auto operates 497 retail stores in 148 cities, 421 service centers, and Li Auto-authorized body and paint shops in 220 cities, along with 614 supercharging stations equipped with 2,726 charging stalls across China.
About Li Auto Inc.
Li Auto Inc. is a leader in China’s new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles. The company’s mission is “Create a Mobile Home, Create Happiness,” emphasizing innovation in products, technology, and business models to provide safe, convenient, and comfortable products and services for families. Since starting volume production in November 2019, Li Auto has been a pioneer in commercializing extended-range electric vehicles (EREVs) in China.
Li Auto’s 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.
- Li L6: A five-seat premium family SUV.
The company continues to leverage technology to create user value, focusing on in-house development of proprietary range extension systems, next-generation electric vehicle technology, and smart vehicle solutions, while expanding its product line with new battery electric vehicles (BEVs) and EREVs to target a broader user base.
For more information, please visit Li Auto’s Investor Relations website.
Safe Harbor Statement
This press release contains forward-looking statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” and similar terms. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors include Li Auto’s strategies, business development, financial condition, risks associated with EREVs and BEVs, ability to develop and deliver vehicles, brand building, order cancellations, new vehicle development, consumer demand changes, and government policies. Further information on these risks is available in Li Auto’s filings with the SEC and the HKEX. Li Auto does not undertake any obligation to update these statements, except as required by law.
Source: Li Auto Inc. Announces June 2024 Delivery Update
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