Li Auto September deliveries up 62.5% Y/Y, 10.6% M/M

Li Auto has delivered 11,531 vehicles in September 2022, up 62.5% year over year, bringing third quarter deliveries to 26,524, representing a 5.6% year-over-year increase.

Last week, the company lowered its Q3 vehicle delivery outlook to 25,500 from its prior range of 27,000 and 29,000 units amid supply chain constraint.

The September deliveries included 10,123 Li L9s, the Company’s six-seat, flagship smart SUV for families, in its first full month of deliveries. The 10,123 Li L9s September deliveries implies 1,408 Li ONEs deliveries.

The cumulative deliveries of Li Auto vehicles reached 211,015 as of the end of September.

As of September 30, 2022, the Company had 271 retail stores in 119 cities, as well as 316 servicing centers and Li Auto-authorized body and paint shops operating in 226 cities.
LI +0.4% after hours to $23.1.

Author: Gaurav Batavia, Seeking Alpha