Li Auto Inc. (NASDAQ: LI) stock is seeing a notable momentum on the US stock charts following the announcement of record electric vehicle (EV) sales. As of the latest check, shares of Li Auto were trading at $28.33, reflecting a robust gain of 10.42% during the current trading session. This uptick in LI stock value corresponds with impressive delivery figures released by the company.
Li Auto Shared Impressive Delivery Figures for September
Li Auto delivered 53,709 automobiles in September 2024, a spectacular 48.9% increase over the same month the previous year. With this accomplishment, the company’s third-quarter total deliveries reached 152,831, a 45.4% increase year over year. Li Auto has successfully delivered 341,812 automobiles so far this year, increasing the total number of deliveries made since the company’s founding to 975,176 as of September 30, 2024.
Market Leadership in the NEV Segment
The growth trajectory of Li Auto is further underscored by the increasing penetration of new energy vehicles (NEVs), which has now surpassed 50%. This trend has solidified the market dominance of leading brands, with the top three manufacturers claiming over 50% of the RMB200,000 and above NEV market. Notably, Li Auto has secured over 17% of the market share within this segment, ranking it first among Chinese automotive brands. The steady increase in orders for the Li L series and Li MEGA has facilitated record deliveries in September.
Li Auto Aiming for Milestones in the NEV Market
Looking ahead, Li Auto is poised to achieve a significant milestone in October: the completion of production and delivery of its one millionth vehicle. This landmark event symbolizes not just sales success but also a pivotal shift in the intelligent transformation of NEVs, particularly concerning advancements in autonomous driving technologies.
With ongoing investments in research and development, Li Auto is committed to democratizing technology, achieving an average of one over-the-air (OTA) upgrade per month, and enhancing user experience with its innovative autonomous driving architecture. As of September 30, 2024, the company operated 479 retail stores across 145 cities, 436 servicing centers, and 894 supercharging stations equipped with 4,286 charging stalls throughout China.
