STOCK TITAN

Li Auto Inc. July 2024 Delivery Update

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported record-breaking deliveries of 51,000 vehicles in July 2024, marking a 49.4% year-over-year increase. The company's total deliveries for 2024 reached 239,981, with cumulative deliveries hitting 873,345 vehicles. The Li L6 model continued its strong performance, consistently delivering over 20,000 units monthly. Li Auto introduced significant upgrades through OTA versions 6.0 and 6.1, enhancing autonomous driving, smart space, and electric features across its product line.

The company's autonomous driving technology gained increased user interest following their Summer Launch Event. NOA test drives nearly doubled, and orders for Li AD Max models with NOA functionality grew substantially. Li Auto also began rolling out its new autonomous driving technology architecture to about 1,000 test users. As of July 31, 2024, Li Auto operated 487 retail stores in 146 cities, 411 servicing centers in 220 cities, and 701 super charging stations with 3,260 charging stalls across China.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) ha riportato consegne record di 51.000 veicoli a luglio 2024, segnando un incremento del 49,4% anno su anno. Le consegne totali dell'azienda per il 2024 hanno raggiunto 239.981, con consegne cumulative che hanno toccato 873.345 veicoli. Il modello Li L6 ha continuato a mostrare forti prestazioni, consegnando costantemente oltre 20.000 unità al mese. Li Auto ha introdotto importanti aggiornamenti tramite le versioni OTA 6.0 e 6.1, migliorando la guida autonoma, lo spazio intelligente e le caratteristiche elettriche dell'intera gamma di prodotti.

La tecnologia di guida autonoma dell'azienda ha suscitato un crescente interesse da parte degli utenti dopo il loro Evento di Lancio Estivo. I test drive NOA sono quasi raddoppiati, e gli ordini per i modelli Li AD Max con funzionalità NOA sono aumentati considerevolmente. Li Auto ha anche iniziato a implementare la sua nuova architettura tecnologica per la guida autonoma a circa 1.000 utenti di prova. Al 31 luglio 2024, Li Auto operava 487 negozi al dettaglio in 146 città, 411 centri di assistenza in 220 città e 701 stazioni di ricarica super con 3.260 postazioni di ricarica in tutta la Cina.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reportó entregas récord de 51,000 vehículos en julio de 2024, marcando un incremento del 49.4% en comparación con el año anterior. Las entregas totales de la compañía para 2024 alcanzaron 239,981, con entregas acumuladas que suman 873,345 vehículos. El modelo Li L6 continuó su sólido rendimiento, entregando consistentemente más de 20,000 unidades mensuales. Li Auto introdujo actualizaciones significativas a través de las versiones OTA 6.0 y 6.1, mejorando la conducción autónoma, el espacio inteligente y las características eléctricas en toda su línea de productos.

La tecnología de conducción autónoma de la compañía generó un creciente interés entre los usuarios tras su Evento de Lanzamiento de Verano. Las pruebas de manejo de NOA casi se duplicaron, y los pedidos de modelos Li AD Max con funcionalidad NOA crecieron considerablemente. Li Auto también comenzó a desplegar su nueva arquitectura de tecnología de conducción autónoma a aproximadamente 1,000 usuarios de prueba. Al 31 de julio de 2024, Li Auto operaba 487 tiendas minoristas en 146 ciudades, 411 centros de servicio en 220 ciudades y 701 estaciones de carga super con 3,260 plazas de carga en toda China.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015)는 2024년 7월에 51,000대의 기록적인 차량 인도를 보고했습니다, 이는 전년 대비 49.4% 증가한 수치입니다. 2024년 회사의 총 인도량은 239,981대에 달하며, 누적 인도량은 873,345대에 이릅니다. Li L6 모델은 강력한 성능을 지속하며 매달 20,000대 이상의 인도를 기록하고 있습니다. Li Auto는 OTA 버전 6.0 및 6.1을 통해 자율 주행, 스마트 공간 및 전기 기능을 개선하는 중요한 업그레이드를 소개했습니다.

회사의 자율 주행 기술은 여름 출시 행사 이후 사용자들 사이에서 관심을 끌었습니다. NOA 테스트 드라이브가 거의 두 배로 증가했습니다, 그리고 NOA 기능이 있는 Li AD Max 모델에 대한 주문이 크게 증가했습니다. Li Auto는 약 1,000명의 테스트 사용자에게 새로운 자율 주행 기술 아키텍처를 배포하기 시작했습니다. 2024년 7월 31일 기준으로, Li Auto는 146개 도시에서 487개의 소매점을 운영하고, 220개 도시에서 411개의 서비스 센터, 그리고 중국 전역에 3,260개의 충전 설비를 갖춘 701개의 슈퍼 충전소를 운영하고 있습니다.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) a annoncé des livraisons record de 51 000 véhicules en juillet 2024, marquant une augmentation de 49,4 % par rapport à l'année précédente. Les livraisons totales de l'entreprise pour 2024 ont atteint 239 981, avec des livraisons cumulées atteignant 873 345 véhicules. Le modèle Li L6 a continué à afficher de solides performances, livrant constamment plus de 20 000 unités par mois. Li Auto a introduit des améliorations significatives grâce aux versions OTA 6.0 et 6.1, améliorant la conduite autonome, l'espace intelligent et les caractéristiques électriques de l'ensemble de sa gamme de produits.

La technologie de conduite autonome de l'entreprise a suscité un intérêt croissant des utilisateurs suite à leur événement de lancement d'été. Les essais de conduite NOA ont presque doublé, et les commandes pour les modèles Li AD Max avec fonctionnalité NOA ont considérablement augmenté. Li Auto a également commencé à déployer sa nouvelle architecture technologique de conduite autonome à environ 1 000 utilisateurs test. Au 31 juillet 2024, Li Auto exploitait 487 magasins de détail dans 146 villes, 411 centres de service dans 220 villes et 701 stations de recharge super avec 3 260 emplacements de recharge dans toute la Chine.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) meldete Rekordlieferungen von 51.000 Fahrzeugen im Juli 2024, was einem Jahresvergleich von 49,4% entspricht. Die Gesamtlieferungen des Unternehmens für 2024 erreichten 239.981, während die kumulierten Lieferungen 873.345 Fahrzeuge betrugen. Das Modell Li L6 zeigte weiterhin starke Leistungen und lieferte konstant über 20.000 Einheiten monatlich. Li Auto führte bedeutende Upgrades durch die OTA-Versionen 6.0 und 6.1 ein, die das autonome Fahren, den smarten Raum und elektrische Funktionen in der gesamten Produktpalette verbesserten.

Die autonome Fahrtechnologie des Unternehmens erregte nach ihrem Sommer-Launch-Event zunehmendes Interesse bei den Nutzern. Die NOA-Testfahrten haben sich fast verdoppelt, und die Bestellungen für Li AD Max-Modelle mit NOA-Funktionalität sind erheblich gewachsen. Li Auto begann auch mit der Einführung seiner neuen Architektur für autonome Fahrtechnologie an rund 1.000 Testnutzer. Am 31. Juli 2024 betrieb Li Auto 487 Einzelhandelsgeschäfte in 146 Städten, 411 Servicezentren in 220 Städten und 701 Superladestationen mit 3.260 Ladeplätzen in ganz China.

Positive
  • Record-breaking monthly deliveries of 51,000 vehicles in July 2024, up 49.4% year-over-year
  • Total deliveries for 2024 reached 239,981 vehicles
  • Cumulative deliveries hit 873,345 vehicles, ranking first among China's emerging new energy auto brands
  • Li L6 model consistently delivering over 20,000 units monthly
  • Significant increase in NOA test drives and orders for Li AD Max models with NOA functionality
  • Expansion of retail network to 487 stores in 146 cities and 701 super charging stations with 3,260 charging stalls
Negative
  • None.

Insights

Li Auto's July 2024 delivery update reveals impressive growth and market positioning. The company delivered 51,000 vehicles in July, marking a 49.4% year-over-year increase and setting a new monthly record. This brings their total 2024 deliveries to 239,981 and cumulative deliveries to 873,345, solidifying their position as the leading emerging new energy auto brand in China.

The Li L6 model has become a standout performer, consistently delivering over 20,000 units monthly and dominating the RMB200,000 to RMB300,000 price range. This success in a competitive segment suggests strong product-market fit and effective pricing strategy.

Li Auto's focus on continuous improvement through OTA updates is a key differentiator. The recent versions 6.0 and 6.1 have significantly enhanced the product lineup, particularly in autonomous driving capabilities. The doubling of NOA test drives and substantial growth in orders for Li AD Max models equipped with map-independent NOA functionality indicate strong consumer interest in advanced driver assistance systems.

The company's expanding retail and service network, now comprising 487 retail stores across 146 cities, 411 servicing centers in 220 cities and 701 super charging stations with 3,260 charging stalls, demonstrates a robust infrastructure to support sales and after-sales service. This extensive network is important for maintaining customer satisfaction and driving repeat purchases.

While the growth is impressive, investors should monitor the sustainability of this rapid expansion and its impact on profitability. The company's ability to manage supply chain and production scaling will be critical in maintaining this growth trajectory.

Li Auto's July 2024 update showcases significant advancements in autonomous driving technology, positioning the company at the forefront of this important automotive frontier. The introduction of Navigation on Autopilot (NOA) independent of high-definition maps is a game-changing development, as evidenced by the nearly doubled proportion of NOA test drives and substantial growth in orders for Li AD Max models equipped with this feature.

The company's strategic pivot towards a new autonomous driving technology architecture is particularly noteworthy. This architecture, based on an end-to-end model, a vision-language model and world models, represents a sophisticated approach to solving the complex challenges of autonomous driving. The rollout to approximately a thousand test users at the end of July indicates confidence in the system's capabilities and a commitment to real-world validation.

Li Auto's emphasis on over-the-air (OTA) updates for continuous improvement is a smart strategy, allowing for rapid iteration and enhancement of vehicle capabilities post-purchase. This approach not only keeps the product fresh for existing customers but also potentially increases the perceived value of the vehicles over time.

The company's success in autonomous driving technology could be a significant differentiator in the competitive Chinese EV market. However, it's important to monitor the real-world performance and safety records of these systems as they scale to a larger user base. Additionally, the regulatory landscape for autonomous driving in China will play a important role in the technology's widespread adoption and Li Auto's ability to capitalize on its investments in this area.

BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), 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.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Create a Mobile Home, Create Happiness (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 comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, Li L8, a six-seat premium family SUV, Li L7, a five-seat flagship family SUV, and Li L6, a five-seat premium family SUV. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://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,” “targets,” “likely to,” “challenges,” 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”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), 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 and high-power charging battery 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 and the HKEX. 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

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: Li@christensencomms.com


FAQ

How many vehicles did Li Auto (LI) deliver in July 2024?

Li Auto (LI) delivered 51,000 vehicles in July 2024, setting a new monthly delivery record.

What was the year-over-year increase in Li Auto's (LI) July 2024 deliveries?

Li Auto's (LI) July 2024 deliveries represented a 49.4% increase year-over-year.

How many total vehicles has Li Auto (LI) delivered in 2024 so far?

Li Auto (LI) has delivered a total of 239,981 vehicles in 2024 as of July 31, 2024.

What is Li Auto's (LI) cumulative delivery count as of July 31, 2024?

Li Auto's (LI) cumulative deliveries reached 873,345 vehicles as of July 31, 2024.

How many retail stores does Li Auto (LI) operate as of July 31, 2024?

As of July 31, 2024, Li Auto (LI) operates 487 retail stores in 146 cities.

Li Auto Inc. American Depositary Shares

NASDAQ:LI

LI Rankings

LI Latest News

LI Stock Data

25.03B
883.09M
9.58%
2.63%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Beijing