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Tag: Li Auto Inc Stock

  • Li Auto (LI) Shares Climb Amid Strong EV Sales Performance

    Li Auto (LI) Shares Climb Amid Strong EV Sales Performance

    Li Auto Inc. (NASDAQ: LI) stock is seeing a notable momentum on the US stock charts following the announcement of record electric vehicle (EV) sales. As of the latest check, shares of Li Auto were trading at $28.33, reflecting a robust gain of 10.42% during the current trading session. This uptick in LI stock value corresponds with impressive delivery figures released by the company.

    Li Auto Shared Impressive Delivery Figures for September

    Li Auto delivered 53,709 automobiles in September 2024, a spectacular 48.9% increase over the same month the previous year. With this accomplishment, the company’s third-quarter total deliveries reached 152,831, a 45.4% increase year over year. Li Auto has successfully delivered 341,812 automobiles so far this year, increasing the total number of deliveries made since the company’s founding to 975,176 as of September 30, 2024.

    Market Leadership in the NEV Segment

    The growth trajectory of Li Auto is further underscored by the increasing penetration of new energy vehicles (NEVs), which has now surpassed 50%. This trend has solidified the market dominance of leading brands, with the top three manufacturers claiming over 50% of the RMB200,000 and above NEV market. Notably, Li Auto has secured over 17% of the market share within this segment, ranking it first among Chinese automotive brands. The steady increase in orders for the Li L series and Li MEGA has facilitated record deliveries in September.

    Li Auto Aiming for Milestones in the NEV Market

    Looking ahead, Li Auto is poised to achieve a significant milestone in October: the completion of production and delivery of its one millionth vehicle. This landmark event symbolizes not just sales success but also a pivotal shift in the intelligent transformation of NEVs, particularly concerning advancements in autonomous driving technologies.

    With ongoing investments in research and development, Li Auto is committed to democratizing technology, achieving an average of one over-the-air (OTA) upgrade per month, and enhancing user experience with its innovative autonomous driving architecture. As of September 30, 2024, the company operated 479 retail stores across 145 cities, 436 servicing centers, and 894 supercharging stations equipped with 4,286 charging stalls throughout China.

  • Li Auto (LI) Stock Surged After Announcing October Deliveries

    Li Auto (LI) Stock Surged After Announcing October Deliveries

    Li Auto Inc (NASDAQ: LI) stock has garnered substantial momentum in today’s early trading session. At the latest market check, Li Auto’s stock is trading at $34.91, reflecting a notable increase of 3.25%. This surge in LI stock value coincides with the company’s recent delivery update announcement.

    Today, Li Auto (LI) unveiled its delivery figures for October 2023, revealing the dispatch of 40,422 vehicles during that month. The significant delivery growth represents a 302.1% year-over-year increase as the milestone marks the first time that monthly deliveries have exceeded the 40,000 mark. As of the end of October, the cumulative total of Li Auto vehicle deliveries in 2023 has reached 284,647.

    Li Auto’s achievement of consistently robust growth over ten consecutive months is truly noteworthy. It underscores the company’s continual enhancement of its operational capabilities across production, sales, and services. Particularly significant is the fact that Li Auto has become the first Chinese emerging new energy automaker to reach this milestone, symbolizing its entry into the next phase of accelerated expansion.

    Li Auto has maintained its dominance in the premium SUV segment priced above RMB300,000 for six consecutive months. With that, Li Auto solidified its position as the best-selling premium SUV brand in China. Its Li L series, in particular, continues to enjoy widespread popularity, with the Li L9 ranking first in the full-size SUV market for thirteen consecutive months. Additionally, both the Li L7 and Li L8 have consistently claimed the top two positions in the large SUV market for six consecutive months.

    The cumulative deliveries of Li L9 and Li L8 have each surpassed 100,000 units. Furthermore, the upcoming launch of the Li MEGA super flagship 5C BEV model has garnered substantial anticipation, highlighting Li Auto’s potential to establish the best-selling model in the category of vehicles priced above RMB500,000 for multi-generational households in China.

    As of October 31, 2023, Li Auto’s retail presence extends to 372 stores in 133 cities, complemented by 315 servicing centers and Li Auto-authorized body and paint shops operating in 210 cities.