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Li Auto | 6-K: Li Auto Inc. January 2024 Delivery Update

SEC announcement · Feb 1 06:11

LI +0.27%

Summary by Moomoo AI

Li Auto Inc., a prominent player in China's new energy vehicle market, has reported a significant year-over-year increase of 105.8% in vehicle deliveries for January 2024, with a total of 31,165 vehicles delivered. This surge has brought the company's cumulative deliveries to 664,529 vehicles. The company's chairman and CEO, Xiang Li, attributed this growth to the success of their three SUV models and highlighted Li Auto's position as the best-selling brand in the premium SUV and NEV segments in China. Li Auto is gearing up for a year of growth in 2024, with plans to introduce a diverse portfolio of eight models, including four EREVs and four BEVs. The company is set to launch its high-tech flagship family MPV, Li MEGA, in March 2024, alongside updates to other models. Li Auto is also investing in R&D to enhance its autonomous driving and smart technology capabilities and is expanding its sales and service network, aiming to have 800 retail stores and over 500 authorized body and paint shops by year-end. The company has set an ambitious target of 800,000 annual deliveries and aspires to become the best-selling premium auto brand in China. Additionally, Li Auto is offering free electricity and charging services at its 330 super charging stations during the Chinese New Year holiday to support its customers. As of January 31, 2024, Li Auto operates 474 retail stores and 360 service centers across 209 cities.

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