Record Deliveries: Li Auto announced a record-breaking delivery of 51,000 cars in July, surpassing the 50,000 mark for the first time since December .
– Boosted by Li L6 SUV: The increase was driven by the sales of the new, lower-cost Li L6 SUV, which comes with a fuel tank for extending the battery’s driving range .
– Hybrid Options Preferred: The strong deliveries reflect Chinese consumers’ persistent concerns about relying only on a battery for driving, indicating a preference for hybrid options .
– Li L6 SUV Sales: The Li L6 SUV, launched in April, has seen monthly deliveries of more than 20,000, making it the company’s cheapest vehicle, starting at 249,000 yuan ($34,373) .
– Industry Comparison: Other major battery-only automakers reported lower monthly figures, while industry giant BYD reported a total of 340,799 passenger car sales in July, with more than 60% being plug-in hybrids.
Breaking Deliveries in July
Deliveries: Li Auto Inc. announced a record-breaking delivery of 51,000 vehicles in July 2024, marking a 49.4% year-over-year increase .
– Li L6 Model: The Li L6 model has been a standout performer, consistently delivering over 20,000 units monthly.
– Autonomous Driving Technology: Li Auto’s autonomous driving technology has garnered significantly higher user interest and recognition, with NOA test drives nearly doubling and orders for Li AD Max models with NOA functionality growing substantially .
– Retail Network: Li Auto has expanded its retail network to 487 stores in 146 cities and operates 701 super charging stations with 3,260 charging stalls across China .
– Cumulative Deliveries: Cumulative deliveries hit 873,345 vehicles, ranking first among China’s emerging new energy auto brands ¹ ³.
– Year-to-Date Deliveries: Total deliveries for 2024 reached 239,981 vehicles .
– Comparison to Other EV Manufacturers: Li Auto’s deliveries surpassed those of other Chinese electric vehicle manufacturers like NIO Inc. and XPeng Inc. in July 2024 .
