- In the third quarter, Li Auto delivered 93,211 vehicles, a 39.01 percent decrease year-on-year.
- Year-to-date, Li Auto has delivered 297,149 vehicles, a 13.07 percent decrease compared to the same period last year.
Li Auto (NASDAQ: LI) saw its monthly deliveries continue to decline year-on-year amid a product transition.
The company delivered 33,951 vehicles in September, a 36.79 percent decrease year-on-year, marking the fourth consecutive month of significant year-on-year decline, despite a 19.01 percent increase from August, according to data released today.
In the third quarter, Li Auto delivered 93,211 vehicles, within its guidance range of 90,000 to 95,000 units.
The quarterly delivery volume declined 39.01 percent year-on-year and down 16.08 percent quarter-on-quarter.
Year-to-date, Li Auto has delivered 297,149 vehicles, down 13.07 percent year-on-year.
As of the end of August, the company's cumulative deliveries since inception reached 1,431,021 units.
Li Auto's delivery performance has been weak this year, driven by declining sales of its flagship L-series extended-range electric vehicles (EREVs).
The company launched the six-seat Li i8, its first pure-electric SUV (sport utility vehicle), on July 29.
On August 5, Li Auto relaunched the Li i8, reducing available variants from three to one and lowering prices following disappointing initial reception.
The company launched the Li i6 on September 26, its second pure-electric SUV after the Li i8.
Deliveries for the Li i8 commenced on August 20, while the Li i6 began shipping on September 27.
Li Auto aims for stable monthly deliveries of 6,000 units for the Li i8 and 9,000-10,000 units for the Li i6 by year-end, founder, chairman, and CEO Li Xiang said on September 1.
Including the Li Mega, Li Auto's overall battery electric vehicle (BEV) models will stabilize at 18,000-20,000 units monthly, Li noted at the time.
