Li Auto Q3 deliveries of 25,116 vehicles tops guidance, rise 43% over prior quarter

Li Auto delivered 7,094 Li ONEs in September 2021, up 102.5% Y/Y but fell 24.8% M/M from August’s shipments of 9,433 units.

Q3 2021 deliveries rose 190% Y/Y and 42.9% Q/Q to 25,116 vehicles, exceeding recently revised guidance of ~24,500 units. The company delivered 17,575 units in Q2 2021.

YTD deliveries of Li ONEs reached 55,270 and the cumulative deliveries as of September 30, 2021, were 88,867 vehicles.

As of September 30, the Company had 153 retail stores in 85 cities.

In September, LI stock lost around 9% amid China woes and after the company lowered its Q3 outlook.

XPEV September deliveries rose 44% M/M to 10,412 Smart EVs. NIO monthly shipments increased 81% to 10,628 units.

Author: Mamta Mayani, Seeking Alpha