On July 1, Li Auto released its delivery date for June 2023, achieving a significant milestone in the company’s history. In June, Li Auto delivered 32,575 new cars, surpassing 30,000 units in monthly deliveries for the first time. This impressive figure represents a remarkable year-on-year increase of 150.1%.
Looking at the first half of 2023, Li Auto’s cumulative delivery volume reached 139,113 vehicles, showing a substantial year-on-year growth of 130%. To put this into perspective, Li Auto’s delivery volume in 2022 was 133,246 vehicles, meaning the company has already exceeded last year’s total deliveries in just six months.
What sets Li Auto apart from most electric vehicle (EV) and internal combustion engine (ICE) car companies is that all three of its current models, namely the Li L7, Li L8, and Li L9, are extended-range electric vehicle (EREV) models, and all are SUVs.
Additionally, the average transaction price of Li Auto’s products exceeds 350,000 yuan (48,00 USD). In comparison, Tesla‘s average transaction price in the Chinese market is around 260,000 yuan (36,000 USD), while BYD‘s is about 170,000 yuan (23,000 USD). Li Auto’s average selling price is comparable to that of Audi. Among the brands with an average price exceeding 300,000 yuan (41,000 USD) in the Chinese market, Li Auto ranks fourth in sales, following BMW, Audi, and Mercedes-Benz.
On the evening of June 30, Li Xiang, chairman and CEO of Li Auto, expressed his gratitude for the company’s achievements, stating, “Thanks to the comprehensive improvement of organizational processes and operating capabilities, the monthly delivery volume of Li Auto exceeded 30,000 for the first time, joining the ranks of Mercedes-Benz, BMW, Audi, and Tesla. Li Auto is the only Chinese luxury brand with monthly deliveries surpassing 30,000 vehicles.”
Li Xiang further shared the company’s goals for the future, revealing, “In the third quarter, we aim to deliver more than 10,000 vehicles per month for the Li L8 and Li L9 models. The Li L7 will strive to achieve a monthly delivery target of 15,000 vehicles, aiming to reach 40,000 monthly deliveries in the fourth quarter of this year. Additionally, through AI large-scale model technology, we conducted the first urban NOA test drive in China in June without relying on high-precision maps. We plan to deliver the commuting NOA function to users in the second half of the year. Furthermore, our first 5C pure electric super flagship model, the Li Mega, is set to be released in the fourth quarter. We are confident this vehicle will become a new explosive product, with sales exceeding 500,000 units.”
According to the official announcement, as of June 30, 2023, Li Auto boasts an extensive retail network, with 331 retail centers across China, covering 127 cities. Additionally, the company has 323 after-sales repair centers and authorized body spray centers, serving customers in 223 cities.
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