Li Auto Inc. August 2023 Delivery Update

A leader in China’s new energy vehicle market, today announced that the Company delivered 34,914 vehicles in August 2023, up 663.8% year over year, with monthly deliveries for each of the three Li L series models exceeding 10,000 vehicles. The cumulative deliveries of Li Auto vehicles in 2023 reached 208,165 as of the end of August.

“As increasing family users recognize and trust our products, we delivered robust performance in August, with monthly deliveries for each of Li L7, Li L8, and Li L9 surpassing 10,000 vehicles,” commented Xiang Li, chairman and chief executive officer of Li Auto. “Specifically, Li L9 has remained a top seller in the full-size SUV segment for twelve consecutive months, achieving over 100,000 cumulative deliveries since the first Li L9 rolled off the production line in August 2022, while Li L7 and Li L8 consistently ranked first and second, respectively, in the large SUV sales chart. The popularity of these three Li L series models has solidified our sales leadership position in both China’s NEV and premium vehicle markets. From January to August this year, we captured an over 30% market share in the RMB300,000 and higher NEV market in China, winning the premium NEV sales champion title. Furthermore, we have held the top sales spot among high-end ICE and new energy SUVs priced above RMB300,000 in China for five straight months since April this year. Lastly, during our press briefing at the Chengdu Motor Show 2023, we officially announced the launch and delivery time for our technology-empowered flagship model for families, Li MEGA, which we believe will help us accomplish our goal of making Li Auto China’s best-selling premium auto brand in 2024.”

As of August 31, 2023, the Company had 346 retail stores in 130 cities, as well as 324 servicing centers and Li Auto-authorized body and paint shops operating in 220 cities.

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