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Li Auto Inc. (Nasdaq:LI), a prominent player in China’s new energy vehicle (NEV) market, reported a significant surge in vehicle deliveries for June 2024. The company delivered 47,774 vehicles, marking a 46.7% increase compared to the same period last year. This impressive performance brought the second-quarter deliveries to 108,581 vehicles, representing a 25.5% year-over-year growth.
Leading the NEV Market
As of 30 June 2024, Li Auto’s cumulative deliveries reached 822,345 vehicles, securing its position as the leading brand among China’s emerging new energy auto manufacturers. The company's recent success is largely attributed to the strong sales of its new model, the Li L6, and improved operational efficiency in its retail stores.
Monthly Sales Milestone
June 2024 was a particularly strong month for Li Auto, with total deliveries exceeding 40,000 vehicles. Notably, the Li L6 model alone accounted for over 20,000 of these deliveries. This robust sales momentum has allowed Li Auto to reclaim the top sales spot among China's emerging new energy auto brands and become the sales champion in the RMB200,000 and higher NEV market segment.
Expanding Retail and Service Network
Li Auto continues to expand its presence across China. By the end of June, the company operated 497 retail stores in 148 cities, along with 421 servicing centers and authorized body and paint shops in 220 cities. Additionally, Li Auto has established a robust charging infrastructure, with 614 supercharging stations and 2,726 charging stalls in operation across the country.
About Li Auto Inc.
Li Auto Inc. is a leader in China's new energy vehicle market, specializing in the design, development, manufacturing, and sale of premium smart electric vehicles. The company’s innovative approach and commitment to quality have positioned it at the forefront of the rapidly growing NEV market in China.
