Li Auto Inc. December 2024 Delivery Update

Core Insights - Li Auto Inc. delivered 58,513 vehicles in December 2024, marking a 16.2% year-over-year increase and achieving total deliveries of 500,508 vehicles for the full year of 2024, with cumulative deliveries reaching 1,133,872 [1][2] Delivery Performance - December 2024 deliveries set a new monthly high for the company, achieving over 500,000 annual deliveries within five years of its first delivery, the fastest growth among premium auto brands in China [2] Product and Technology Innovations - The company will roll out OTA update version 7.0 in January, featuring enhanced highway NOA capabilities and an intelligent reasoning visualization function to improve autonomous driving safety and user understanding [2] - Li Auto's smart assistant, Li Xiang Tong Xue, is now available for mobile download, extending its intelligent capabilities to more users [2] Retail and Service Network - As of December 31, 2024, Li Auto operated 502 retail stores in 150 cities, 478 servicing centers, and authorized body and paint shops in 225 cities, along with 1,727 supercharging stations equipped with 9,100 charging stalls in China [3] Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles, with a mission to create safe, convenient, and comfortable products for families [4] - The company has successfully commercialized extended-range electric vehicles in China and is also developing battery electric vehicle platforms [4] - Current model lineup includes Li MEGA, Li L9, Li L8, Li L7, and Li L6, with plans to expand the product lineup to target a broader user base [4]