Impressive November Growth for Li Auto Inc.
BEIJING, China — Li Auto Inc. recently shared exciting news regarding its performance in the new energy vehicle market. In November 2024, the Company delivered a whopping 48,740 vehicles, marking an impressive 18.8% increase compared to the same month last year. This surge in deliveries underscores Li Auto's commitment to revolutionizing the automotive industry, showcasing its dedication to innovation and growth.
Cumulative Performance and Market Position
As of the end of November, Li Auto's total deliveries for 2024 reached 441,995 vehicles, contributing to a staggering cumulative total of 1,075,359 deliveries since the Company's inception. These figures highlight Li Auto's strong foothold in the automotive landscape and its ability to maintain a competitive edge.
Leading the Market
For eight consecutive months, Li Auto has cemented its status as the best-selling brand among Chinese automotive manufacturers for vehicles priced at RMB200,000 and above. The Li L6 model, in particular, has achieved significant milestones with over 160,000 cumulative deliveries. This model has been recognized as the champion of sales among high-end vehicles, reflecting Li Auto's ability to meet market demands effectively.
Innovative Technology Driving Demand
The Company's advancements in autonomous driving technologies play a crucial role in boosting customer demand. Specifically, vehicles equipped with the state-of-the-art Li AD Max system accounted for over 70% of orders for models priced above RMB300,000 and more than 80% for those above RMB400,000 in November. The release of OTA update version 6.5 enhanced these features by enabling a one-click point-to-point autonomous driving capability, leveraging the latest in end-to-end (E2E) and vision-language model (VLM) technologies.
Expanding Infrastructure to Support Growth
Li Auto is actively enhancing its retail and service infrastructure to accommodate its growing user base. As of November 30, 2024, the Company operated 475 retail stores across 141 cities and had established 451 servicing centers, along with Li Auto-authorized body and paint shops in 223 cities. To support electric vehicle adoption, the network includes 1,135 supercharging stations with 5,680 charging stalls throughout China, ensuring customers have access to reliable charging solutions.
Commitment to Innovation and Quality
Li Auto Inc. has positioned itself as a leader in the new energy vehicle market, recognized for its innovative designs and premium smart electric vehicles. The Company’s mission focuses on providing families with safe, comfortable, and convenient products. Li Auto is pioneering the a technology of extended-range electric vehicles in China, while simultaneously developing a platform for battery electric vehicles. This dual approach showcases their commitment to a versatile future in transportation.
Diverse Product Lineup
The current model lineup includes notable vehicles such as the Li MEGA, a high-tech flagship family MPV, the Li L9 and Li L8 SUVs, along with the Li L7 and Li L6 family SUVs. This diverse range allows Li Auto to appeal to a wide array of customers and adapt to varying consumer needs. Looking ahead, the Company plans to expand its product offerings to reach an even broader audience.
Contact Information
For more inquiries regarding investor relations or media statements, Li Auto provides clear channels to engage:
Li Auto Inc.
Investor Relations
Email: ir@lixiang.com
Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: Li@christensencomms.com
Frequently Asked Questions
What milestone did Li Auto achieve in November 2024?
Li Auto delivered 48,740 vehicles in November 2024, reflecting a significant year-over-year growth of 18.8%.
What is the total number of vehicles delivered by Li Auto in 2024?
As of November 30, 2024, Li Auto has delivered a total of 441,995 vehicles this year.
How has Li Auto maintained its market leadership?
Li Auto has remained the best-selling brand among Chinese manufacturers for vehicles priced above RMB200,000 for eight consecutive months.
What technological innovations has Li Auto introduced?
The Company has made significant advancements in autonomous driving technologies, particularly with the Li AD Max system, now integrated into a majority of its high-end models.
What types of vehicles does Li Auto offer?
Li Auto's product lineup includes the Li MEGA, Li L9, Li L8, and the five-seat L7 and L6 family SUVs, among other models targeting diverse customer needs.
