Li Auto October 7,649 delivery up 107% Y/Y

Li Auto has delivered 7,649 Li ONEs, up 107.2% year over year.

As of October 31, 2021, the year-to-date and cumulative deliveries of Li ONEs reached 62,919 and 96,516 respectively.

“It took us 708 days to reach the production milestone of 100,000 Li ONEs, making us the fastest to achieve this among emerging NEV manufacturers in China,” said Yanan Shen, co-founder and president of Li Auto. “Our order intake exceeded 14,500 units in October, and we are working in earnest with our suppliers to fully restore the millimeter wave radar supply, aiming to shorten the waiting time of delivery to our users.”

As of October 31, 2021, the Company had 162 retail stores in 86 cities, as well as 223 servicing centers and Li Auto-authorized body and paint shops operating in 165 cities.

Peer, NIO October delivery of 3,667 decline 28% Y/Y.

LI -1.3% premarket to $32.23

Author: Gaurav Batavia, Seeking Alpha

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