A second month of annual decline
Vehicle maker Li Auto delivered 29,025 vehicles in October, its lowest monthly total since February. The company’s October disclosure put deliveries below both September and the same month last year.[1], [2]
Analysis
Li Auto deliveries fall to their lowest since February
Li Auto delivered 29,025 vehicles in October, its lowest monthly total since February. Deliveries fell from both September and a year earlier, extending the annual decline to a second month. January–October volume also slipped below last year’s level, while the company outlined plans to increase i6 production capacity in November.
Ten-month deliveries slip further
October volume fell 8.63 per cent from a year earlier and 8.78 per cent from September’s 31,817 vehicles. It was the second consecutive annual monthly decline. February deliveries had been 26,421 vehicles. Over January–October, Li Auto delivered 322,461 vehicles, down 1.96 per cent from the corresponding period last year. The annual contraction had been 1.25 per cent over the first nine months. Lifetime deliveries reached 1,862,676 vehicles by the end of October.[1]
Charging and service networks at month-end
At the end of October, Li Auto had 481 retail stores across 159 cities and 527 service centres and authorised repair locations in 217 cities. Its charging network contained 4,206 supercharging stations and 23,163 charging stalls. That was an increase of 18 stations and 86 stalls from September. The company also said it planned to lift monthly i6 production capacity to 20,000 vehicles in November and raise it further in December.[1]