Li Auto

Li Auto delivered a record 50,353 vehicles in December and 376,030 for the full year 2023.

Li Auto delivered a record 50,353 vehicles in December, up 137.15 percent year-on-year and up 22.72 percent from November.

Li Auto had planned to launch the Li Mega in December and begin its deliveries in late February.

Li Auto's upcoming 800 V high-voltage all-electric platform will utilize STMicro's third-generation 1200 V SiC MOSFET technology.

This means that as of December 14, Li Auto has delivered 16,989 vehicles this month.

Both the Li L7 and Li L8 saw record deliveries in November, while deliveries of the Li L9 slipped.

Li Auto is offering preferential loan rates to customers who buy its models before the end of the year, a rare public promotional move by the company in the past few years.

Li Auto's cumulative deliveries for the year to the end of November were 325,677 vehicles, achieving its 2023 target of 300,000 units ahead of schedule.

Li Auto plans to initially enter Middle Eastern countries including the UAE, Saudi Arabia and possibly some North African countries, with the first model to be the flagship Li L9, according to local media.

Li Auto is ramping up its efforts to develop chips in-house, working on both an AI inference chip for smart driving scenarios, and a SiC power chip for driving motor controllers, according to local media.