Li Auto, the Chinese electric vehicle manufacturer, announced on Thursday that it had delivered 20,823 vehicles in March, marking the second time it had surpassed 20,000 deliveries since December 2020. The figures reflect a 25% increase over February’s deliveries and an 88.72% increase compared to March of last year.
The company delivered a total of 52,584 vehicles in the first quarter of 2023, a 65.8% increase year-on-year, and a 13.53% increase from the previous quarter. These figures are slightly above the company’s previous guidance range of 52,000 to 55,000 deliveries for the first quarter.
Li Auto’s cumulative deliveries, as of March 31, 2023, were 309,918 units. The company’s founder, chairman, and CEO, Li Xiang, expressed his satisfaction with the company’s recent success, saying, “We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation.”
Li Xiang went on to add, “We are also very excited to see that Li Auto has captured nearly 20% market share in the RMB300,000 to RMB500,000 SUV market in China, and become a brand of choice among premium family SUVs.”
The company is set to begin deliveries of its Li L7 Air and Li L8 Air in April. These models are the lowest-priced versions of the Li L7 and Li L8, respectively. As of March 31, 2023, Li Auto had 299 retail stores in 123 cities, as well as 318 service centers and Li Auto-authorized body and paint stores operating in 223 cities.
Li Auto’s recent performance is a testament to its strong brand and increasing popularity among consumers. As the company continues to innovate and expand its product offerings, it is poised to remain a major player in the electric vehicle market.
