Li Auto stock jumps 2% in premarket trading.
Li Auto Inc. delivered 36,060 vehicles in September 2023, representing an increase of 212.7% year over year and setting a new monthly record. This brought the Company’s third quarter deliveries to 105,108, up 296.3% year over year. The cumulative deliveries of Li Auto vehicles in 2023 reached 244,225 as of the end of September.
“Driven by the ever-increasing market demand, we made numerous historic breakthroughs in September, achieving record-high weekly and monthly sales performance as well as a new high in order intake with over 40,000 orders received in a single month. Meanwhile, monthly deliveries for each of our three Li L series models exceeded 10,000 vehicles for the second consecutive month,” commented Xiang Li, chairman and chief executive officer of Li Auto. “As China’s first emerging new energy automaker to reach the milestone of 500,000 cumulative deliveries, Li Auto is capturing an increasing market share in the RMB200,000 and higher NEV market, ranking among the top two best-selling NEV brands in this price segment in China. We also have topped the sales chart of SUVs priced above RMB300,000 in China for six straight months. Additionally, as part of our efforts to enhance our Li L series to better serve family users, we completed the roll-out of OTA version 4.6 in September, comprising 25 new features and 10 optimizations. Lastly, we made major progress in developing our energy replenishment network, with construction of over 100 super charging stations along highways nationwide completed as of September 30.”
As of September 30, 2023, the Company had 361 retail stores in 131 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 213 cities.