Promotions and incentives amid the price war boosted deliveries but could weigh on profits, experts say.
Chinese EV makers NIO, XPeng, and Li Auto delivered almost 66,000 vehicles in May, up 29% from April, and up 57% year over year.
BEIJING, June 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 35,020 vehicles in May 2024, up 23.8% year over year. The cumulative deliveries of Li Auto vehicles reached 774,571 as of the end of May 2024. “We have delivered over 15,000 Li L6s since deliveries began on April 24, setting a record pace for our newly launched models. We are fully committed to sec