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Li Auto Inc. September 2024 Delivery Update

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Li Auto Inc. reported 53,709 vehicle deliveries in September 2024, a 48.9% year-over-year increase. The company's third-quarter deliveries reached 152,831, up 45.4% year-over-year. Total deliveries for 2024 stood at 341,812, with cumulative deliveries reaching 975,176.

Li Auto has captured over 17% market share in the RMB200,000 and above NEV segment, ranking first among Chinese automotive brands. The company is set to reach the one millionth vehicle milestone in October, marking a significant achievement in the intelligent transformation of NEVs.

As of September 30, 2024, Li Auto had 479 retail stores in 145 cities, 436 servicing centers in 221 cities, and 894 super charging stations with 4,286 charging stalls across China.

Li Auto Inc. ha riportato 53.709 consegne di veicoli a settembre 2024, con un aumento del 48,9% rispetto all'anno scorso. Le consegne del terzo trimestre hanno raggiunto 152.831, con un incremento di 45,4% rispetto all'anno scorso. Le consegne totali per il 2024 sono state di 341.812, con consegne cumulative che hanno raggiunto 975.176.

Li Auto ha conquistato oltre il 17% di quota di mercato nel segmento NEV di prezzo superiore a RMB200.000, piazzandosi al primo posto tra i marchi automobilistici cinesi. L'azienda prevede di raggiungere il milestone del milionesimo veicolo in ottobre, segnando un traguardo significativo nella trasformazione intelligente dei NEV.

Al 30 settembre 2024, Li Auto aveva 479 negozi al dettaglio in 145 città, 436 centri di assistenza in 221 città, e 894 stazioni di ricarica super con 4.286 stall per la ricarica in tutta la Cina.

Li Auto Inc. reportó 53,709 entregas de vehículos en septiembre de 2024, lo que representa un incremento del 48.9% en comparación con el año anterior. Las entregas del tercer trimestre alcanzaron las 152,831, aumentando un 45.4% en comparación con el año anterior. Las entregas totales para 2024 suman 341,812, con entregas acumuladas que alcanzan 975,176.

Li Auto ha capturado más del 17% de cuota de mercado en el segmento de NEV de más de RMB200,000, ocupando el primer lugar entre las marcas automotrices chinas. La compañía está lista para alcanzar el millón de vehículos en octubre, marcando un logro significativo en la transformación inteligente de los NEV.

Hasta el 30 de septiembre de 2024, Li Auto tenía 479 tiendas minoristas en 145 ciudades, 436 centros de servicio en 221 ciudades, y 894 estaciones de carga super con 4,286 puestos de carga en toda China.

Li Auto Inc.는 2024년 9월에 53,709대의 차량을 인도했다, 이는 전년 대비 48.9% 증가한 수치다. 3분기 인도량은 152,831대에 달했다, 전년 대비 45.4% 증가했다. 2024년 총 인도량은 341,812대이며, 누적 인도량은 975,176대에 이른다.

Li Auto는 17% 이상의 시장 점유율을 확보하여 RMB200,000 이상 NEV 세그먼트에서 중국 자동차 브랜드 중 1위를 차지하고 있다. 이 회사는 10월에 백만 번째 차량 이정표를 달성할 예정이며, 이는 NEV의 스마트한 전환에 있어 중요한 성과를 의미한다.

2024년 9월 30일 기준, Li Auto는 145개 도시에 479개의 소매점, 221개 도시에 436개의 서비스 센터, 중국 전역에 4,286개의 충전 구역을 갖춘 894개의 슈퍼 충전소를 운영하고 있다.

Li Auto Inc. a annoncé 53,709 livraisons de véhicules en septembre 2024, soit une augmentation de 48,9% par rapport à l'année précédente. Les livraisons du troisième trimestre ont atteint 152,831, avec une hausse de 45,4% par rapport à l'année précédente. Les livraisons totales pour 2024 s'élevaient à 341,812, avec des livraisons cumulées atteignant 975,176.

Li Auto a capturé plus de 17% de part de marché dans le segment NEV au-dessus de RMB200,000, se classant au premier rang parmi les marques automobiles chinoises. La société s'apprête à atteindre le milieu du million de véhicules en octobre, marquant une réalisation significative dans la transformation intelligente des NEV.

Au 30 septembre 2024, Li Auto comptait 479 magasins de détail dans 145 villes, 436 centres de service dans 221 villes, et 894 stations de charge super avec 4,286 places de charge à travers la Chine.

Li Auto Inc. berichtete von 53.709 Fahrzeugauslieferungen im September 2024, was einem Jahreswachstum von 48,9% entspricht. Die Lieferungen im dritten Quartal erreichten 152.831, was einen Anstieg von 45,4% im Vergleich zum Vorjahr bedeutet. Die Gesamtauslieferungen für 2024 betrugen 341.812, während die kumulierten Auslieferungen 975.176 erreicht haben.

Li Auto hat über 17% Marktanteil im NEV-Segment von über RMB200.000 erobert und ist damit die Nummer eins unter den chinesischen Automarken. Das Unternehmen plant, im Oktober die Millionenfahrzeug-Marke zu erreichen, was einen bedeutenden Erfolg in der intelligenten Transformation von NEVs darstellt.

Am 30. September 2024 hatte Li Auto 479 Einzelhandelsgeschäfte in 145 Städten, 436 Servicezentren in 221 Städten und 894 Superladeeinrichtungen mit 4.286 Ladeplätzen in ganz China.

Positive
  • 48.9% year-over-year increase in September 2024 deliveries
  • 45.4% year-over-year increase in Q3 2024 deliveries
  • Over 17% market share in RMB200,000+ NEV segment, ranking first among Chinese brands
  • Approaching one millionth vehicle milestone in October 2024
  • Expansion of retail stores, service centers, and charging stations
Negative
  • None.

Insights

Li Auto's September delivery figures are impressive, showing strong year-over-year growth of 48.9%. The Q3 deliveries of 152,831 vehicles represent a 45.4% increase from the previous year, indicating robust demand and execution. The company's year-to-date deliveries of 341,812 vehicles put them on track for a strong annual performance.

The company's market share of over 17% in the RMB200,000+ NEV segment is significant, positioning them as a leader among Chinese brands. This market dominance, coupled with increasing order intake, suggests potential for continued growth and profitability.

The imminent milestone of one million deliveries is a testament to Li Auto's rapid scaling and market acceptance. Their focus on technological advancements, particularly in autonomous driving, could be a key differentiator in the competitive NEV market.

Investors should note the expanding retail and service network, which supports growth and customer satisfaction. The super charging infrastructure expansion also enhances the company's ecosystem, potentially driving customer loyalty and recurring revenue streams.

Li Auto's technological advancements are noteworthy. The company's commitment to monthly OTA (Over-The-Air) updates demonstrates a strong focus on continuous improvement and customer value. This approach keeps their vehicles fresh and competitive in the rapidly evolving NEV market.

The introduction of a new autonomous driving architecture incorporating E2E (End-to-End) and VLM (Vision-Language Model) technologies is particularly significant. This cutting-edge approach could potentially leapfrog competitors in the autonomous driving space, a key battleground for NEV manufacturers.

The rollout to 10,000 test users indicates a cautious but progressive approach to technology deployment. This strategy balances innovation with safety considerations, which is important in the autonomous driving sector.

Li Auto's emphasis on the "intelligent transformation of NEVs" aligns with broader industry trends towards software-defined vehicles. This focus could lead to new revenue streams through software services and subscriptions, potentially improving long-term profitability and customer engagement.

BEIJING, China, Oct. 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 53,709 vehicles in September 2024, up 48.9% year over year. This brought the Company’s third-quarter deliveries to 152,831, increasing by 45.4% year over year. As of September 30, 2024, Li Auto had delivered a total of 341,812 vehicles in 2024, with cumulative deliveries reaching 975,176.

“With the penetration rate of new energy vehicles surpassing 50%, the dominance of leading brands has become more pronounced. Since the beginning of the third quarter, the top three brands have captured over 50% of the RMB200,000 and above NEV market. Notably, Li Auto accounted for over 17% of market share in this segment, ranking first among Chinese automotive brands. Order intake for Li L series and Li MEGA has seen a steady increase, leading to record deliveries in September,” commented Xiang Li, chairman and chief executive officer of Li Auto.

“In October, we are set to reach the first million-unit milestone for emerging new energy automakers in China: the completion of production and delivery of our one millionth vehicle. This milestone represents more than just sales numbers; it signifies a new era in the intelligent transformation of NEVs, particularly in the development of autonomous driving technologies, alongside the growing ownership of our vehicles. We are delighted to see that our research and development investments are promoting the democratization of technology, with our products undergoing one OTA upgrade per month on average. Additionally, we have already rolled out our new autonomous driving architecture, which integrates an end-to-end (E2E) model and a vision-language model (VLM), to approximately ten thousand test users, enhancing safety and convenience for more users. We would like to express our heartfelt gratitude to every user, employee, and partner for their support and efforts over the past nine years. Looking ahead, we will remain focused on user value to create happiness for families.”

As of September 30, 2024, the Company had 479 retail stores in 145 cities, 436 servicing centers and Li Auto-authorized body and paint shops operating in 221 cities, and 894 super charging stations in operation equipped with 4,286 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 September 2024?

Li Auto (LI) delivered 53,709 vehicles in September 2024, representing a 48.9% year-over-year increase.

What was Li Auto's (LI) market share in the RMB200,000 and above NEV segment?

Li Auto (LI) captured over 17% market share in the RMB200,000 and above NEV segment, ranking first among Chinese automotive brands.

When is Li Auto (LI) expected to reach its one millionth vehicle milestone?

Li Auto (LI) is set to reach its one millionth vehicle milestone in October 2024, marking a significant achievement in the intelligent transformation of NEVs.

How many retail stores and charging stations did Li Auto (LI) have as of September 30, 2024?

As of September 30, 2024, Li Auto (LI) had 479 retail stores in 145 cities and 894 super charging stations with 4,286 charging stalls across China.

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