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HomeInvestmentLi Auto Inc. Supply Replace December 2023 – TipRanks Monetary Weblog

Li Auto Inc. Supply Replace December 2023 – TipRanks Monetary Weblog

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BEIJING, China, Jan. 1, 2024 (GLOBE NEWSWIRE) – Li Auto Inc. (“Li Auto” or the “Firm”) (Nasdaq: LI; HKEX: 2015), a pacesetter in China’s new power automobile market, introduced right this moment that the Firm delivered 50,353 autos in December 2023, a year-on-year enhance of 137.1%, and efficiently achieved its month-to-month supply goal of fifty,000 autos. This raised the Firm’s fourth quarter deliveries to 131,805, a year-over-year enhance of 184.6%. Whole deliveries in 2023 elevated 182.2% yr over yr to 376,030. As of December 31, 2023, Li Auto’s cumulative deliveries exceeded 600,000 autos, the best amongst rising Chinese language new power automakers.

“We efficiently achieved our month-to-month supply goal of fifty,000 autos in December and achieved full-year automobile deliveries of 376,030 in 2023. That is the primary time in historical past that an rising Chinese language new power automaker has surpassed the milestone of annual supply of 300,000 autos. Since June 2023, Li Auto has grow to be the best-selling premium automotive model within the SUV market each month in China. With the help and recognition of greater than 600,000 customers, we frequently deepen our analysis and improvement efforts in merchandise, platforms and programs, amongst others. Since Li L sequence deliveries started, we have now accomplished greater than 20 OTA updates. Particularly, the OTA 5.0 model, which was formally launched in December with 145 new features and 100 optimized options, supplies a complete revolution in autonomous driving and clever area. Waiting for 2024, we’ll proceed to push the restrict of development and try to grow to be the best-selling premium car model in China,” mentioned Xiang Li, President and CEO of Li Auto.

As of December 31, 2023, the Firm had 467 retail shops in 140 cities, in addition to 360 Li Auto-authorized service facilities and paint and physique retailers working in 209 cities.

About Li Auto Inc.

Li Auto Inc. is a pacesetter in China’s new power automobile market. The corporate designs, develops, manufactures and sells premium sensible electrical autos. Their mission is: Create a cellular house, create happiness (创造移动的家, 创造幸福的家). By means of improvements in merchandise, know-how and enterprise mannequin, the Firm supplies households with secure, handy and cozy services and products. Li Auto is a pioneer in efficiently advertising and marketing prolonged vary electrical autos in China. The corporate started quantity manufacturing in November 2019. Its present mannequin lineup contains Li MEGA, a high-tech flagship household MPV, Li L9, a six-seat flagship household SUV, and Li L8, a six-seat premium household SUV. seating. reminiscent of Li L7, a five-seater flagship household SUV. The Firm leverages know-how to create worth for its customers. It focuses its inner improvement efforts on its patented vary extension system, next-generation electrical automobile know-how and clever automobile options, whereas increasing its product line by creating new BEVs and EREVs to focus on a base of broader customers.

For extra data please go to: https://ir.lixiang.com.

Protected Harbor Assertion

This press launch comprises statements that will represent “forward-looking” statements throughout the that means of the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could also be recognized by terminology reminiscent of ” will”, “expects”, “anticipates”, “targets”, “future”, “intends”, “plans”, “believes”, “estimates”, “objective”, “in all probability”, “challenges” and comparable statements. Li Auto can also make written or oral forward-looking statements in its periodic experiences to the U.S. Securities and Change Fee (the “SEC”) and the Hong Kong Inventory Change Restricted (the “HKEX”), of their annual report back to shareholders, in press releases and different written supplies, and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic details, together with statements concerning beliefs, plans and Li Auto’s expectations are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of components may trigger precise outcomes to vary materially from these contained in any forward-looking statements, together with, however not restricted to, the next: Li Auto’s methods, future enterprise improvement and monetary situation and outcomes of operations; Li Auto’s restricted working historical past; dangers related to extended-range electrical autos and high-power charging battery electrical autos; Li Auto’s skill to develop, manufacture and ship high-quality and enticing autos to clients; Li Auto’s skill to generate constructive money circulate and earnings; product defects or another failure of the autos to carry out as supposed; Li Auto’s skill to compete efficiently; Li Auto’s skill to construct its model and resist destructive publicity; cancellation of Li Auto automobile orders; Li Auto’s skill to develop new autos; and modifications in shopper demand and favorable authorities incentives, subsidies or different authorities insurance policies. Extra details about these and different dangers is included in Li Auto’s filings with the SEC and the HKEX. All data offered on this press launch is as of the date of this press launch, and Li Auto undertakes no obligation to replace any forward-looking statements, besides as required by relevant regulation.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Electronic mail: ir@lixiang.com

Piacente Monetary Communications
Brandi Piacente
Phone: +1-212-481-2050
+86-10-6508-0677
Electronic mail: Li@tpg-ir.com

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