Li Auto, a leading Chinese electric vehicle (EV) manufacturer, has once again shown impressive sales numbers in the latest weekly report. According to the company, Li Auto sold 12,100 units between December 18 and December 24, cementing its position as a strong competitor in the EV market.
Li Auto stock rallies 2.32% in premarket trading.
Although Li Auto did not disclose the methodology for calculating these weekly volumes, it is believed that the figures are based on insurance registrations. After suspending the sharing of these numbers earlier this year, Li Auto has resumed providing this data to the public.
Last week, Li Auto’s insurance registrations saw a significant increase of 7.08 percent compared to the previous week, rising from 11,300 units to 12,100 units. The three models currently available from Li Auto, namely the Li L7, Li L8, and Li L9, continue to attract buyers. All of these models are extended-range electric vehicles (EREVs), which means they are plug-in hybrids.
Breaking down the insurance registrations for each model, the Li L7 accounted for 4,900 units, followed by the Li L8 with 3,800 units, and the Li L9 with 3,400 units. These numbers contribute to a total of 36,400 insurance registrations for Li Auto vehicles between December 1 and December 24.
With such strong sales figures, Li Auto is poised to challenge the monthly sales target of 50,000 units this month. The company has been experiencing consistent growth, delivering a record-breaking 41,030 vehicles in November.
In addition to its current models, Li Auto had previously announced the launch of its first battery electric vehicle (BEV), the Li Mega. However, the company has yet to provide a launch date for this model, suggesting a delay in its arrival.
As the Chinese EV market continues to thrive, Li Auto’s success is a testament to the growing demand for electric vehicles in the country. With its impressive sales performance and expanding lineup, Li Auto is solidifying its position as a key player in the EV industry.