Li Auto Inc. September 2021 Delivery Update

Rhea-AI Summary

Li Auto Inc. reported a significant increase in vehicle deliveries, with 7,094 Li ONEs delivered in September 2021, marking a 102.5% year-over-year growth. For Q3 2021, deliveries reached 25,116, a 190.0% increase compared to the same quarter in 2020. Cumulative deliveries for the first nine months of 2021 totaled 55,270, amounting to 88,867 since the vehicle's launch. However, the company noted that deliveries slowed due to a chip supply shortage. Li Auto operates 153 retail locations across 85 cities.

Positive

• Deliveries increased by 102.5% year-over-year in September 2021.
• Total deliveries for Q3 2021 rose to 25,116, up 190.0% year-over-year.
• Cumulative deliveries reached 88,867 as of September 30, 2021.

Negative

• September delivery numbers moderated due to a prolonged chip supply shortage.

BEIJING, Oct. 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 7,094 Li ONEs in September 2021, up 102.5% year over year. The Company’s deliveries for the third quarter of 2021 were 25,116, up 190.0% year over year. Total deliveries of Li ONEs in the first nine months of 2021 reached 55,270 and the cumulative deliveries of Li ONEs as of September 30, 2021 reached 88,867.

“Deliveries of Li ONEs in September moderated compared with the prior month due to the prolonged chip supply shortage. Responding to the continually rising orders since the release of the 2021 Li ONE, we are taking multiple measures to ensure the supply of the auto parts, aiming to shorten the waiting time of delivery for our users,” said Yanan Shen, co-founder and president of Li Auto.

As of September 30, 2021, the Company had 153 retail stores in 85 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 September 2021?

Li Auto delivered 7,094 Li ONEs in September 2021.

How much did Li Auto's deliveries increase in Q3 2021?

Deliveries for Q3 2021 increased by 190.0% year-over-year, totaling 25,116.

What is the total number of Li ONEs delivered by Li Auto in 2021?

As of September 30, 2021, Li Auto delivered a total of 55,270 Li ONEs in 2021.

What were the challenges Li Auto faced in September 2021?

Li Auto experienced moderated delivery numbers due to a prolonged chip supply shortage.