- Li Auto delivered 33,181 vehicles in November, marking a 31.92 percent year-on-year decline and the sixth consecutive month of year-on-year contraction.
- Li Auto anticipates monthly production capacity for the Li i6 electric SUV will reach 20,000 units early next year.
Li Auto (NASDAQ: LI, HKG: 2015) saw its monthly deliveries continue to plummet and is pinning its hopes on increased production capacity for the Li i6 electric SUV early next year to boost performance.
The company delivered 33,181 vehicles in November, a 31.92 percent year-on-year decline, marking its sixth consecutive month of year-on-year decline, according to data it released today.
The monthly deliveries increased 4.45 percent from October's 31,767 units, according to data compiled by CnEVPost.
From January to November, Li Auto delivered 362,097 vehicles, down 18.08 percent year-on-year.
Cumulative deliveries since inception reached 1,495,969 units as of the end of November.
Li Auto expects monthly production capacity for the Li i6 to reach 20,000 units early next year and plans to release OTA version 8.1 in early December 2025, it said today.
By shaping its competitiveness for the next decade across organizational structure, product portfolio, and technological innovation, the company is dedicated to advancing the transformation of its vehicles into embodied intelligence, Li Auto said.
As of November 30, the company operates 544 retail stores across 157 cities and maintains 556 service centers and Li Auto-authorized body painting centers in 227 cities.
Li Auto also operates 3,614 supercharging stations in China, equipped with 20,027 charging points.
Li Auto's year-to-date delivery performance has remained sluggish, driven by continued declines in its flagship L-series extended-range electric vehicle (EREV) models.
The company launched the six-seat Li i8, its first pure-electric SUV, on July 29. On August 5, Li Auto relaunched the Li i8 with a price reduction following disappointing initial market reception.
Li Auto launched the Li i6 on September 26, its second pure-electric SUV following the Li i8.
Deliveries for the Li i8 commenced on August 20, while the Li i6 began shipping on September 27.
When announcing October delivery figures on November 1, Li Auto said the Li i6 had accumulated over 70,000 orders and the company was taking all necessary measures to ensure smooth deliveries.
Li Auto aimed 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, its founder, chairman, and CEO Li Xiang said on September 1.
Detailed breakdowns of the company's model deliveries are expected to be available later this month.
