Li Auto Inc. July 2021 Delivery Update

Rhea-AI Summary

Li Auto Inc. (Nasdaq: LI) reported a new record of 8,589 vehicle deliveries for July 2021, marking an 11.4% month-over-month and 251.3% year-over-year increase. Total deliveries for the year reached 38,743, with cumulative deliveries of 72,340 since the launch of the Li ONE. The company plans to enhance its product offerings with major OTA upgrades and is expanding its retail and service network, now at 109 stores in 67 cities.

Positive

• Achieved record deliveries of 8,589 in July 2021.
• 11.4% increase in deliveries month-over-month.
• 251.3% year-over-year growth in deliveries.
• Total deliveries in 2021 reached 38,743.
• Cumulative deliveries of Li ONE reached 72,340.

Negative

• None.

BEIJING, China, Aug. 01, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 8,589 Li ONEs in July 2021, crossing the 8,000-vehicle milestone for the first time while hitting a new record. The deliveries were up 11.4% month over month and 251.3% year over year, a remarkable rate of growth. As of July 31, 2021, total deliveries in 2021 reached 38,743, bringing cumulative deliveries of Li ONE to 72,340 since its market debut.

“Driven by outstanding product features and performance, the 2021 Li ONE set an all-time high in monthly deliveries once again. By the end of this year, we will launch a series of major OTA upgrades to elevate our product offering to new heights,” said Yanan Shen, co-founder and president of Li Auto.

The Company is accelerating the expansion of its direct sales and servicing network. As of July 31, 2021, the Company had 109 retail stores in 67 cities, as well as 176 servicing centers and Li Auto-authorized body and paint shops operating in 134 cities, making its Li ONE more accessible to users nationwide.

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. 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 electric SUV equipped with a range extension system and advanced smart vehicle solutions. 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

What were Li Auto's delivery numbers for July 2021?

Li Auto delivered 8,589 Li ONEs in July 2021.

How much did Li Auto's deliveries increase year-over-year in July 2021?

Deliveries increased by 251.3% year-over-year in July 2021.

What is Li Auto's total delivery count for 2021 as of July?

As of July 31, 2021, Li Auto's total deliveries reached 38,743.

How many retail stores does Li Auto have as of July 2021?

Li Auto had 109 retail stores in 67 cities as of July 31, 2021.

What future upgrades are planned for Li Auto vehicles?

Li Auto plans to launch a series of major OTA upgrades to enhance its product offerings.