Summary by Moomoo AI
Li Auto Inc., a prominent player in China's new energy vehicle market, has reported a significant increase in vehicle deliveries for March 2024. The company delivered 28,984 vehicles, marking a 39.2% rise compared to the same month in the previous year. This surge contributed to a total of 80,400 vehicles delivered in the first quarter of 2024, which is a 52.9% increase year over year. As of March 2024, Li Auto has achieved a milestone with cumulative deliveries reaching 713,764, making it the first Chinese emerging new energy automaker to surpass 700,000 cumulative deliveries. Xiang Li, the chairman and CEO, expressed gratitude for customer trust and reiterated the company's commitment to enhancing product strength and user experience. The company's retail presence includes 474 stores across 142 cities, alongside...Show More