Li Auto Inc. October 2021 Delivery Update

Rhea-AI Summary

Li Auto Inc. (Nasdaq: LI) reported a remarkable 107.2% year-over-year increase in deliveries, with 7,649 Li ONEs delivered in October 2021. The cumulative deliveries reached 96,516 units since November 2019. The company achieved the 100,000 production milestone in just 708 days, making it the fastest among emerging NEV manufacturers in China. Li Auto's order intake exceeded 14,500 units in October, and the company is working to restore millimeter wave radar supplies to improve delivery times.

Positive

• 107.2% year-over-year increase in deliveries for October 2021.
• Cumulative deliveries reached 96,516 units, demonstrating strong market demand.
• Achieved production milestone of 100,000 Li ONEs in 708 days, the fastest among competitors.
• October order intake exceeded 14,500 units, indicating robust consumer interest.

Negative

• None.

BEIJING, China, Nov. 01, 2021 (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 7,649 Li ONEs in October 2021, increasing 107.2% year over year. As of October 31, 2021, the year-to-date and cumulative deliveries of Li ONEs reached 62,919 and 96,516 respectively.

“It took us 708 days to reach the production milestone of 100,000 Li ONEs, making us the fastest to achieve this among emerging NEV manufacturers in China,” said Yanan Shen, co-founder and president of Li Auto. “Our order intake exceeded 14,500 units in October, and we are working in earnest with our suppliers to fully restore the millimeter wave radar supply, aiming to shorten the waiting time of delivery to our users.”

As of October 31, 2021, the Company had 162 retail stores in 86 cities, as well as 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 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. 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 October 2021?

Li Auto delivered 7,649 Li ONEs in October 2021, a 107.2% increase year-over-year.

How many Li ONEs have been delivered cumulatively as of October 31, 2021?

As of October 31, 2021, Li Auto has delivered a cumulative total of 96,516 Li ONEs.

What is the order intake for Li Auto in October 2021?

Li Auto's order intake in October 2021 exceeded 14,500 units.

How quickly did Li Auto reach the 100,000 production milestone?

Li Auto achieved the production milestone of 100,000 Li ONEs in just 708 days.

How many retail stores and service centers does Li Auto have?

As of October 31, 2021, Li Auto had 162 retail stores and 223 servicing centers across 86 cities.