Li Auto Inc. February 2022 Delivery Update
Li Auto Inc. reported a robust delivery performance with 8,414 Li ONEs delivered in February 2022, marking a 265.8% year-over-year increase. Cumulative deliveries have reached 144,770 since the vehicle's launch. Despite the success, the company faced challenges due to supply shortages from pandemic impacts and the Chinese New Year, affecting production. As of February 28, 2022, Li Auto operates 220 retail stores across 105 cities and has 279 servicing centers in 204 cities.
- 8,414 Li ONEs delivered in February 2022, up 265.8% year over year.
- Cumulative deliveries reached 144,770 since market debut.
- Expansion in physical presence with 220 retail stores across 105 cities.
- Supply shortages due to pandemic and holiday season affecting production.
BEIJING, China, March 01, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), an innovator in China’s new energy vehicle market, today announced that the Company delivered 8,414 Li ONEs in February 2022, up
“During the Chinese New Year, our users enjoyed range-anxiety-free and pleasant family time, thanks to Li ONE's range extension system that uses battery power for urban commuting and recharges during long-distance traveling. The combination of this system with the full-stack, self-developed NOA as part of Li ONE’s standard configuration creates a safer and more convenient driving experience and offers superior suitability for long-distance family travel. At the same time, the holiday season and an outbreak of the pandemic in Suzhou have resulted in supply shortages and affected our production. We are taking additional measures to ensure supply and safeguard production, aiming to shorten the waiting time of delivery to our users.” said Yanan Shen, co-founder and president of Li Auto.
As of February 28, 2022, the Company had 220 retail stores in 105 cities, as well as 279 servicing centers and Li Auto-authorized body and paint shops operating in 204 cities
About Li Auto Inc.
Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is to create homes on the move that bring happiness to the entire family (“创造移动的家，创造幸福的家”). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium smart electric SUV. The Company started volume production of Li ONE in November 2019 and released the 2021 Li ONE in May 2021. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company will expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.
For more information, please visit: http://ir.lixiang.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Li Auto Inc.
Investor Relations
Email: ir@lixiang.com
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: Li@tpg-ir.com
Brandi Piacente
Tel: +1-212-481-2050
Email: Li@tpg-ir.com
FAQ
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