Li Auto Inc. Takes In Over 30,000 Li L9 Orders

Rhea-AI Summary

Li Auto Inc. reported significant demand for its flagship SUV, the Li L9, with over 30,000 orders placed within 72 hours of availability for reservation. Each order requires a refundable deposit of RMB5,000, indicating strong product appeal among family users. This surge in orders reflects Li Auto's position as a leader in China's new energy vehicle market, emphasizing its commitment to designing premium smart electric vehicles. The company, known for its innovations in range extension technology and electric vehicle solutions, continues to expand its product lineup.

Positive

• Over 30,000 pre-orders for the Li L9 SUV in just 72 hours demonstrate strong market demand.
• Each order indicates consumer commitment with a refundable deposit of RMB5,000.
• Reinforces Li Auto's leadership in China's new energy vehicle sector.

Negative

• None.

BEIJING, China, June 24, 2022 (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 the orders for Li L9, its flagship smart SUV, have exceeded 30,000 in 72 hours since the vehicle was available for reservation, demonstrating the outstanding product appeal of the vehicle for family users. Each Li L9 order requires a RMB5,000 deposit, which is refundable for a limited period of time.

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 to successfully commercialize extended-range electric vehicles in China. The Company started volume production in November 2019. Its model lineup includes Li ONE, a six-seat, large premium smart electric SUV, and Li L9, a six-seat, full-size, flagship smart SUV. 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 while expanding its product line by developing new BEVs and EREVs to target a broader user 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”) 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; 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

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 does the surge in Li L9 orders indicate for Li Auto's stock (LI)?

The surge in pre-orders for the Li L9 indicates strong consumer demand, which may positively affect Li Auto's stock performance.

How many Li L9 SUVs were ordered shortly after release?

Li Auto received over 30,000 orders for the Li L9 SUV within 72 hours of its reservation availability.

What is the deposit amount required for a Li L9 order?

A refundable deposit of RMB5,000 is required for each Li L9 order.

What is Li Auto's focus in the electric vehicle market?

Li Auto focuses on designing, developing, and selling premium smart electric vehicles, particularly extended-range electric vehicles.

When did Li Auto start volume production?

Li Auto began volume production of its vehicles in November 2019.