Li Auto Delivers 28,984 Vehicles in March 2024, Increasing By 39.2% YoY-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Li Auto Delivers 28,984 Vehicles in March 2024, Increasing By 39.2% YoY

Tiger Newspress04-01

Li Auto Inc. today announced that the Company delivered 28,984 vehicles in March 2024, increasing by 39.2% year over year. This brought the Company’s first-quarter deliveries to 80,400, up 52.9% year over year. The cumulative deliveries of Li Auto vehicles reached 713,764 as of the end of March 2024, establishing Li Auto as the first Chinese emerging new energy automaker to reach a milestone of 700,000 cumulative deliveries.

Li Auto’s U.S.-listed shares jumped nearly 4% in premarket trading.

“With gratitude for the trust and support of over 700,000 families, we remain dedicated to enhancing our focus on user value and continually improving our product strength and user experience,” commented Xiang Li, chairman and chief executive officer of Li Auto.

As of March 31, 2024, the Company had 474 retail stores in 142 cities, as well as 356 servicing centers and Li Auto-authorized body and paint shops operating in 209 cities. 357 super charging stations have commenced operation across the country, equipped with 1,544 charging stalls.

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Thamzj
·04-04
The growth is largely due to hybrid cars and charging infrastructure is still very lacking , need to depend on other's coy infrastructure to support such a large customer base. Li Auto still at It initial phase for pure ev , I think li auto full transition to pure ev is possible only by end of 2025.
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