Li Auto Inc. October 2020 Delivery Update

Rhea-AI Summary

Li Auto Inc. (Nasdaq: LI) reported delivering 3,692 Li ONE vehicles in October 2020, marking a consistent increase from September. The company achieved a record number of orders, showcasing strong demand for its electric SUVs. As of October 31, 2020, Li Auto operates 41 retail stores across 36 cities in China and aims to enhance its market presence through a robust sales and service network. Year-to-date deliveries totaled 21,852 units, indicating significant growth.

Positive

• October deliveries of 3,692 units represent growth compared to September.
• Strong order volume set a new monthly record.
• Year-to-date deliveries reached 21,852 units, highlighting increasing market traction.
• Expansion of retail network to 41 stores across 36 cities demonstrates strategic growth.

Negative

• None.

BEIJING, China, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that in October 2020 the Company delivered 3,692 Li ONEs, representing a steady increase compared to September. In October, the Company also achieved strong orders, setting a new monthly record.

	2020 Q1	2020 Q2	2020 Q3	2020 Jan–Oct
Deliveries	2,896	6,604	8,660	21,852

As of October 31, 2020, the Company had 41 retail stores covering 36 cities. Going forward, the Company plans to continue strengthening its direct sales and servicing network to further bolster its footprint and market penetration in China.

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 SUVs. Through innovative products, technology, and business model, the Company provides customers with safe, convenient, and cost-effective mobility solutions. Li Auto is the first to successfully commercialize extended-range electric vehicles in China. The Company started volume production of its first model, Li ONE, in November 2019. With Li ONE, the Company leverages its in-house technology to create value for its customers, focusing on range extension, smart technology, and autonomous driving solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles 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 total deliveries in October 2020?

Li Auto delivered 3,692 Li ONE vehicles in October 2020.

How many retail stores does Li Auto have as of October 2020?

As of October 31, 2020, Li Auto has 41 retail stores covering 36 cities.

What is the significance of Li Auto's October 2020 deliveries?

The October 2020 deliveries represent a steady increase from previous months and set a new order record.

What is the total number of Li Auto vehicles delivered year-to-date?

Year-to-date, Li Auto has delivered a total of 21,852 vehicles.