HomeMost PopularLi Auto Inc. Achieves Milestone with Record December Deliveries of 58,513 Vehicles,...

Li Auto Inc. Achieves Milestone with Record December Deliveries of 58,513 Vehicles, Totaling 500,508 for 2024

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Li Auto Accelerates Growth with Record Deliveries in 2024

Company celebrates notable milestones in electric vehicle market.

Quiver AI Summary

Li Auto Inc. announced a record 58,513 vehicle deliveries in December 2024, reflecting a 16.2% increase from the previous year. This brings total vehicle deliveries for the year to 500,508, establishing Li Auto as the fastest-growing premium auto brand in China, achieving over half a million deliveries within just five years of its debut. The company also introduced its smart assistant, Li Xiang Tong Xue, and plans to release an OTA update to enhance its autonomous driving features. By the end of December 2024, Li Auto operated 502 retail stores and 1,727 supercharging stations throughout China, as it focuses on expanding its product range and utilizing technology to deliver premium electric vehicles and smart solutions for its customers.

Potential Positives

  • Li Auto’s December deliveries set a new monthly record at 58,513 vehicles, showing a significant 16.2% year-over-year increase.
  • The Company surpassed the notable milestone of 500,000 total vehicle deliveries in 2024, marking rapid growth within the premium auto segment in China.
  • An OTA update, version 7.0, is scheduled for January, integrating advanced driving capabilities to improve safety and enhance the user experience for its smart electric vehicles.
  • Li Auto has significantly expanded its retail and service network, with 502 retail stores and 1,727 supercharging stations active across numerous Chinese cities.

Potential Negatives

  • The press release emphasizes ambitious future growth targets, which could lead to increased scrutiny if these goals are not met or if planned innovations fail to perform.
  • Concerns about extended-range electric vehicles and high-power charging battery electric vehicles indicate potential weaknesses in Li Auto’s technology strategy, which may impact investor confidence.
  • Statements regarding risks and uncertainties may raise caution among investors regarding the company’s financial performance and operational stability.

FAQ

What were Li Auto’s delivery numbers for December 2024?

Li Auto delivered 58,513 vehicles in December 2024, demonstrating a 16.2% annual increase.

How many total vehicles did Li Auto deliver in 2024?

The total number of vehicles delivered by Li Auto in 2024 reached 500,508.

What new features are included in Li Auto’s OTA update 7.0?

The OTA update 7.0 includes enhanced highway NOA integration and an intelligent reasoning visualization function.

How many retail stores does Li Auto have as of December 2024?

As of December 31, 2024, Li Auto operates 502 retail stores in 150 cities.

What models are currently available in Li Auto’s lineup?

Li Auto currently offers the Li MEGA, Li L9, Li L8, Li L7, and Li L6 models.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$LI Hedge Fund Activity

In the last quarter, 105 institutional investors increased their positions in $LI stock, while 93 investors reduced theirs.

Notable recent changes include:

  • ASPEX MANAGEMENT (HK) LTD added 3,778,463 shares (+55.0%) in Q3 2024.
  • MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. added 3,493,881 shares (+2556.7%) in Q3 2024.
  • FMR LLC added 3,438,410 shares (+422.4%) in Q3 2024.
  • BANK OF AMERICA CORP /DE/ removed 2,787,814 shares (-81.9%) in Q3 2024.
  • VIKING GLOBAL INVESTORS LP added 2,075,279 shares (+inf%) in Q3 2024.
  • MILLENNIUM MANAGEMENT LLC removed 1,752,136 shares (-50.2%) in Q3 2024.
  • XIAMEN XINWEIDACHUANG INVESTMENT PARTNERSHIP removed 1,641,495 shares (-17.9%) in Q3 2024.

To monitor hedge fund stock portfolios, visit Quiver Quantitative’s institutional holdings dashboard.

Full Release

BEIJING, China, Jan. 01, 2025 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, announced that it delivered 58,513 vehicles in December 2024, marking a 16.2% year-over-year increase. Total deliveries for the year 2024 reached 500,508 vehicles, bringing cumulative deliveries to 1,133,872.

Li Auto’s December delivery represents a new monthly high. With this achievement, the Company has exceeded 500,000 annual deliveries within just five years of its first delivery, establishing itself as the fastest-growing premium auto brand in the Chinese automotive market. The Company’s smart assistant, Li Xiang Tong Xue, is now available for mobile device download, extending its intelligent capabilities to more users. An OTA update, version 7.0, will begin rolling out in January, featuring an enhanced highway NOA built on a comprehensive architecture that integrates city and highway NOA capabilities, delivering a seamless driving experience. This update is powered by the Company’s full-stack dual system, guaranteeing safety and efficiency in autonomous driving.

As of December 31, 2024, the Company had 502 retail stores and 478 servicing centers operating in 150 cities, along with 1,727 supercharging stations equipped with 9,100 charging stalls across China.


About Li Auto Inc.

Li Auto Inc. is a prominent player in China’s new energy vehicle market, specializing in the design, manufacturing, and sale of premium smart electric vehicles. Its mission is to create a mobile home and provide happiness for its users. The Company focuses on advancing technology and product innovation, aiming to offer families safe, easy, and comfortable solutions. Recognized for successfully commercializing extended-range electric vehicles, Li Auto is also developing battery electric vehicle platforms. The Company’s current lineup includes the high-tech flagship family MPV, Li MEGA, as well as the Li L9, Li L8, Li L7, and Li L6 SUVs. Continued expansion of its product lineup is planned to better serve a wider customer base.

For more information, please visit:

https://ir.lixiang.com

.


Safe Harbor Statement

Li Auto Issues Forward-Looking Statements, Highlighting Growth Opportunities and Risks

Understanding Li Auto’s Forward-Looking Statements

This press release includes statements that may be classified as “forward-looking” statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements are identifiable by terms like “will,” “expects,” “anticipates,” “aims,” and others indicating future intentions or beliefs. Li Auto may also communicate these forward-looking statements in various formats, including periodic reports to the SEC, annual shareholder reports, press releases, and verbal comments from its executives to external parties. Any statements that do not present historical facts, especially those regarding Li Auto’s beliefs and expectations, fall under this category.

The Risks Behind Forward-Looking Statements

Forward-looking statements carry inherent risks and uncertainties. Several factors could lead to actual results deviating significantly from these statements. The potential challenges include Li Auto’s strategies, its future business development, and overall financial performance; the company’s relatively short operating history; risks linked to extended-range electric vehicles and high-power charging battery electric vehicles; and Li Auto’s ability to produce high-quality vehicles that attract customers. Additionally, the company must navigate issues such as generating positive cash flow and profits, addressing potential vehicle defects, and outpacing competitors in the market. Brand development, managing negative publicity, potential order cancellations, and changes in consumer demand or government incentives are also crucial elements influencing the company’s outlook. Detailed information about these risks can be found in Li Auto’s filings with the SEC and the HKEX.

Contact Information for Inquiries

For those seeking further information, please reach out as follows:

Li Auto Inc.

Investor Relations

Email: ir@lixiang.com

Christensen Advisory

Roger Hu

Tel: +86-10-5900-1548

Email: Li@christensencomms.com

This article originally appeared on Quiver News. For the complete story, please read here.

The views and opinions expressed herein belong solely to the author and do not necessarily reflect those of Nasdaq, Inc.

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