Li Auto, a leading Chinese electric vehicle (EV) maker, announced today that it delivered 16,620 vehicles in February, up 9.77 percent from January and a whopping 97.53 percent increase from the same month last year. The company’s cumulative deliveries now stand at 289,095 units, and it expects to deliver between 20,239 and 23,239 vehicles in March.
During the Chinese New Year holiday, which fell from January 21 to 27, 2023, there was an impact on January deliveries. However, this did not deter the company from guiding for first-quarter deliveries of 52,000 to 55,000 vehicles when it reported fourth-quarter earnings on February 27.
See also: Li Auto Introduces the Li L7: A Five-Seat Flagship Family SUV
Li Auto’s success is partially attributed to the company’s expansion, as it had 298 retail stores in 122 cities, as well as 317 service centers and Li Auto-authorized body and paint stores operating in 223 cities as of February 28.
Moreover, the EV maker recently launched its first five-seat SUV, the Li L7. The vehicle is available in Pro and Max versions, as well as a less expensive Air version with a starting price of RMB 319,800. Additionally, the Li L8 is now offered in an Air version with a starting price of RMB 339,800, while the Pro and Max versions are available at a starting price of RMB 359,800 and RMB 399,800, respectively.
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Li Auto’s CEO, Li Xiang, said, “As a go-to premium SUV brand for families, we further enriched our L series and once again solidified our market position in the RMB300,000 to RMB500,000 price segment.”
The company has an internal target of 25,000-30,000 monthly deliveries and plans to achieve this in the second quarter of this year. With the Li L7 Pro and Li L7 Max deliveries beginning on March 1, and deliveries of the Li L7 Air and Li L8 Air scheduled for early April, Li Auto is poised to make a big impact in China’s EV market.
