Li Auto's Record November 2024 Deliveries: A Sign of Things to Come

Li Auto Inc., a prominent player in the new energy vehicle market, has reported a significant milestone in its November 2024 delivery update, announcing a remarkable 18.8% increase in vehicle deliveries compared to the previous year. This strong performance is a testament to the company's commitment to innovation, customer satisfaction, and strategic growth. As of November 30, 2024, Li Auto has delivered a total of 441,995 vehicles in 2024, contributing to cumulative deliveries exceeding 1 million at 1,075,359.

Li Auto's success can be attributed to several key factors. Firstly, the company has maintained its best-selling position among Chinese automotive brands in the RMB200,000 and above passenger vehicle market for eight straight months. The Li L6 model, in particular, has achieved over 160,000 cumulative deliveries, cementing its position as the sales champion among Chinese brand models priced above RMB200,000 since June. This consistent performance reflects Li Auto's ability to cater to the preferences of discerning customers seeking high-quality, innovative electric vehicles.

Secondly, Li Auto's continuous advancements in autonomous driving technologies have driven demand for models equipped with Li AD Max. In November 2024, vehicles featuring Li AD Max accounted for over 70% and over 80% of orders for models priced above RMB300,000 and above RMB400,000, respectively. This trend highlights the growing consumer appetite for enhanced safety and convenience features in their vehicles. Li Auto's recent OTA update, version 6.5, has further enhanced the user experience by providing all Li AD Max users with a one-click point-to-point autonomous driving feature, leveraging its end-to-end (E2E) and vision-language model (VLM) technologies.

Li Auto's expanding retail presence has also played a significant role in its November 2024 delivery success. As of November 30, 2024, the company had 475 retail stores in 141 cities, alongside 451 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities, and 1,135 super charging stations in operation equipped with 5,680 charging stalls in China. This extensive network ensures that customers have convenient access to Li Auto vehicles, spare parts, and maintenance services, fostering customer loyalty and enhancing the overall ownership experience.

In conclusion, Li Auto Inc.'s record November 2024 delivery results are a strong indication of the company's enduring appeal and growth potential in the new energy vehicle market. By focusing on innovation, customer satisfaction, and strategic expansion, Li Auto is well-positioned to capitalize on the burgeoning demand for electric vehicles and maintain its competitive edge in the market. As the company continues to invest in research and development, it is poised to deliver consistent growth and create long-term value for investors.