Li Auto Delivers 92,864 Vehicles in First Quarter, Nears Milestone of 1 Million Deliveries
Li Auto, a leading Chinese new energy vehicle (NEV) maker, recently announced that it delivered 92,864 vehicles in the first quarter of the year. This figure is close to the upper end of the company’s previous guidance of 88,000 to 93,000 units. The quarter’s deliveries marked a significant year-on-year increase of 15.50 percent, although there was a decrease of 41.48 percent compared to the fourth quarter of 2024.
The company’s cumulative deliveries as of March 31 stood at 1,226,736 vehicles, showcasing its strong presence in the NEV market. Li Auto’s L series, which has been a key contributor to the company’s rapid profitability and revenue growth, is on track to achieve the milestone of delivering its 1 millionth vehicle soon.
In March, Li Auto saw a rebound in vehicle deliveries, with 36,674 units delivered. This represents a 26.53 percent increase compared to the same period last year and a 39.64 percent increase from February. The company’s sales performance in March indicates a positive trend as it continues to expand its market presence.
Notably, Li Auto has opened pre-orders for its new model, the Li Mega Ultra, which features upgraded autonomous driving configurations. More details about this model will be revealed at the upcoming Shanghai auto show, showcasing the company’s commitment to innovation and technological advancements.
In addition to its new models, Li Auto currently offers a range of vehicles including the Li L9, Li L8, Li L7, Li L6, and the pure electric Li Mega MPV. The company operates an extensive network of retail stores, service centers, and charging stations across China to provide comprehensive support to its customers.
Looking ahead, Li Auto has ambitious plans for the year, with a sales target of 700,000 vehicles. This target represents about 40 percent growth compared to the previous year and underscores the company’s confidence in its products and market strategy.
Overall, Li Auto’s strong performance in the first quarter and its upcoming milestones indicate a promising future for the company in the rapidly evolving NEV industry. With a focus on innovation, sustainability, and customer satisfaction, Li Auto continues to establish itself as a key player in the electric vehicle market.
