Written by Cláudio Afonso | LinkedIn | X
The new energy vehicle (NEV) maker Li Auto said on Sunday it delivered 48,740 vehicles in November, marking an 18.8% increase from the same period a year earlier but a 5.2% decline compared to October.
The company reached a new record in September with 53,709 units delivered and continues to prepare for the launch of its second fully electric model next year. As of the time of writing, the company’s U.S.-listed shares are trading 4.35% lower at $22.65, following a second consecutive monthly decline in deliveries for November.
The Beijing-based automaker launched a limited-time incentive last week, offering three-year zero-interest financing across its entire lineup with minimum down payments starting at 69,800 yuan ($9,640).
In October, Li Auto posted third-quarter earnings and projected its fourth-quarter deliveries would range between 160,000 and 170,000 vehicles while total revenue for the quarter is expected to rise between 3.5% and 10%.
Earlier this year, Li Auto set an annual delivery target of 800,000 units. The target was revised twice over the last months and is currently at 480,000 units.
The company also rolled out an over-the-air (OTA) update in November, introducing version 6.5, which provides all Li AD Max users with a one-click point-to-point autonomous driving feature. The feature leverages end-to-end (E2E) and vision-language model (VLM) technologies to enhance the vehicle’s autonomous capabilities.
Written by Cláudio Afonso | LinkedIn | X
