Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Li Auto passes 300k EV delivery goal a month early

Published Dec 01, 2023 09:29AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Li Auto (LI) passes 300k EV delivery goal a month early
 
LI
-5.10%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Chinese electric automaker, Li Auto (NASDAQ:LI) announced Friday that the company delivered 41,030 vehicles in November 2023, a 172.9% increase over the same time last year.

The automaker’s cumulative year-to-date deliveries reached 325,677 as of the end of November 2023, surpassing the company’s 2023 target of 300,000 vehicles ahead of schedule.

“Bolstered by the strong growth momentum of our three Li L series models, our monthly deliveries have exceeded 40,000 vehicles for two consecutive months, the highest among Chinese emerging new energy automakers and premium brands in China,” commented chairman and CEO Xiang Li.

“We will continue to strive for a 50,000 monthly delivery target in December with ample preparations in sales, supply, production, and delivery capabilities.” Added the executive.

The chairman also announced Li Auto’s “significant progress” in the company’s research and development of autonomous driving. According to comments released by the automaker, Li Auto plans to accelerate the rollout of AD Max 3.0 through the upgrade of OTA version 5.0 in December.

“With this upgrade, our AD Max 3.0 will provide full scenario autonomous driving and assisted driving functions, as well as the industry’s leading AEB active safety system and automated parking system.”

Additionally, LI introduced an innovative AC Eco mode that harnesses internally developed thermal management systems and the advanced algorithmic prowess of the company’s XCU controller. Consequently, this enhancement can boost the driving range on battery by 15% to 20% specifically in colder winter conditions.

As of November 30, 2023, the Company operated 398 retail stores across 136 cities, alongside 320 servicing centers and authorized body and paint shops for Li Auto, functioning in 209 cities.

Shares of LI are up 1.52% in pre-market trading on Friday.

Li Auto passes 300k EV delivery goal a month early
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email