Li Auto Inc. February 2023 Delivery Update
March 01 2023 - 2:30AM
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 Company delivered 16,620 vehicles in February 2023, up 97.5%
year over year. The cumulative deliveries of Li Auto vehicles
reached 289,095 as of the end of February.
“As a go-to premium SUV brand for families, we further enriched
our L series and once again solidified our market position in the
RMB300,000 to RMB500,000 price segment. On February 8, we
officially launched Li L7, a five-seat flagship family SUV, and we
are delighted to see that in the competitive RMB300,000 to
RMB400,000 price segment of the five-seat SUV market, Li L7’s
product strengths, embodied by its new-generation range extension
system, spacious second row, and continuously evolving smart space
and autonomous driving systems, have garnered widespread
recognition from family users throughout China. We look forward to
delivering Li L7 to its first users in early March,” commented
Xiang Li, chairman and chief executive officer of Li Auto.
“Meanwhile, as the latest addition to the Li L8 family, Li L8 Air
has not only expanded the options available to family users but,
more importantly, also strengthened Li L8’s competitiveness in the
RMB300,000 to RMB400,000 six-seat SUV market. Furthermore, our
six-seat flagship family SUV, Li L9, has topped the full-size SUV
sales chart in China for five consecutive months since last
September.”
As of February 28, 2023, the Company had 298
retail stores in 122 cities, as well as 317 servicing centers and
Li Auto-authorized body and paint shops operating in 223
cities.
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
L9, a six-seat flagship family SUV, Li L8 and Li ONE, both of which
are six-seat premium family SUVs, and Li L7, a five-seat flagship
family 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:
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,” “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 RelationsEmail:
ir@lixiang.com
The Piacente Group, Inc.Yang SongTel:
+86-10-6508-0677Email: Li@tpg-ir.com
Brandi PiacenteTel: +1-212-481-2050Email:
Li@tpg-ir.com
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