Li Auto Inc. (LI) Delivered 51,000 EVs in July 2024

Li Auto Inc. (Nasdaq: LI), a leader in China’s new energy vehicle market, today announced that it delivered 51,000 vehicles in July 2024, setting a new monthly delivery record and representing an increase of 49.4% year over year. This brought the Company’s total deliveries in 2024 to 239,981. As of July 31, 2024, its cumulative deliveries reached 873,345 vehicles, ranking first among China’s emerging new energy auto brands.

“Li L6 sustained its robust sales performance with monthly deliveries continually exceeding 20,000, and has become a blockbuster model in the RMB200,000 to RMB300,000 price range. With the rollout of OTA versions 6.0 and 6.1 in July, Li L series and Li MEGA have undergone major upgrades, achieving comprehensive enhancements in product strengths across autonomous driving, smart space, and smart electric features,” commented Xiang Li, chairman and chief executive officer of Li Auto. “In particular, our autonomous driving technology has garnered significantly higher user interest and recognition following our 2024 Autonomous Driving Summer Launch Event held on July 5. Since we made our NOA independent of high-definition maps available for test users in May, the proportion of NOA test drives nearly doubled, and orders for Li AD Max models equipped with such NOA function also grew substantially. Additionally, we started to roll out our new autonomous driving technology architecture based on an end-to-end model, a vision-language model, and world models, to approximately a thousand test users at the end of July. We are very pleased to see that our advancements in autonomous driving technology are creating value for an expanding user base, as our products are growing alongside families through OTA updates.”

As of July 31, 2024, the Company had 487 retail stores in 146 cities, 411 servicing centers and Li Auto-authorized body and paint shops operating in 220 cities, and 701 super charging stations in operation equipped with 3,260 charging stalls in China.

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