Li Auto reported a decline in deliveries for February, with 26,263 vehicles handed over to customers. While this represented a 29.69% increase from the 20,251 units delivered a year earlier, it marked a 12.24% drop from January’s 29,927 units. The slowdown continued amid the typically weak start to the year for China’s auto industry, impacted by the Chinese New Year holiday.
In the first two months of 2024, Li Auto delivered 56,190 vehicles, up 9.29% from the same period last year. The company’s cumulative deliveries since its inception reached 1,190,062 units by the end of February.
See also: Li Auto to Introduce Smart-Driving Upgrades in May, No 2025 Model-Year Refresh
Li Auto remains a major player in China’s extended-range electric vehicle (EREV) market, with its lineup currently consisting of L-series SUVs, including the Li L6, L7, L8, and L9. On March 1, the automaker introduced its first battery electric vehicle (BEV), the Li Mega MPV, alongside the 2024 versions of its EREV lineup.
The company also announced its first all-electric SUV, named Li i8, though launch details were not provided. Li Auto’s vice president, Liu Jie, stated that while the L-series and Li Mega will not receive 2025 model-year updates, smart driving edition updates focusing on hardware improvements will be introduced in May. “The updated models will have the same battery, electric drive, exterior, and interior styling as the current models,” Liu said.
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As of February 28, Li Auto operated 500 retail stores across 150 cities in China, with 488 service centers and authorized body and paint shops in 224 cities. The company’s charging network includes 1,874 supercharging stations with 10,008 superchargers nationwide.