Li Auto (NASDAQ: LI) experienced a decline in July deliveries, mainly due to a drop in performance from its L-series extended-range electric vehicles (EREVs). However, the Li Mega MPV continued to show growth, marking a positive trend for the company.
In July, all L-series models – Li L6, Li L7, Li L8, and Li L9 – saw significant year-on-year declines in deliveries, while the all-electric Li Mega achieved its second-highest monthly sales figures. The Li L6 was the top-selling model for Li Auto, delivering 14,830 vehicles in July. Despite a 40.34 percent decrease from the previous year, the Li L6 accounted for 48.26 percent of Li Auto’s total deliveries for the month.
Throughout the first seven months of the year, the Li L6 contributed significantly to Li Auto’s overall deliveries, with 111,184 units sold, representing 47.38 percent of the total deliveries. On the other hand, the Li L7, L8, and L9 models all experienced declines in deliveries compared to the previous year.
The Li Mega, on the other hand, delivered 2,816 units in July, marking a 330.58 percent year-on-year increase and accounting for 9.16 percent of Li Auto’s total deliveries for the month. This positive performance indicates a growing demand for the all-electric Li Mega, which has been well-received in the market.
Li Auto launched updated versions of the Li Mega and L series EREVs in May, with deliveries starting shortly after. The company’s strategic focus on electric vehicles seems to be paying off, with plans to further expand its electric vehicle lineup. The recent launch of the Li i8, Li Auto’s first pure electric SUV, is set to attract more customers and drive sales growth in the coming months.
Overall, Li Auto’s performance in July reflects a mixed bag of results, with declines in EREV deliveries overshadowed by the success of the Li Mega. As the electric vehicle market continues to evolve, Li Auto’s innovative approach and commitment to sustainability position it well for future success.
