BEIJING, China, April 01, 2022 (Globe NEWSWIRE) — Li Automobile Inc. (“Li Automobile&CloseCurlyDoubleQuote or the “Company&CloseCurlyDoubleQuote) (Nasdaq: LI HKEX: 2015), an innovator in China&CloseCurlyQuotes new vitality car or truck sector, currently introduced that the Corporation delivered 11,034 Li Types in March 2022, up 125.2% yr over 12 months. This took the Firm&CloseCurlyQuotes initial quarter deliveries to 31,716, symbolizing a 152.1% yr-in excess of-calendar year increase. The cumulative deliveries of Li A single reached 155,804 due to the fact the motor vehicle&CloseCurlyQuotes marketplace debut in 2019.
“We will unveil our environment-course flagship good SUV L9 for household end users on April 16. The L9 characteristics our fully self-developed vary extension procedure, chassis management technique, and central auto domain controller, empowering its excellent dynamic efficiency and drivability. On top of that, the L9 offers magnificent seats, a large-effectiveness audio procedure, and an all-new 3-dimensional interactive placing, furnishing our buyers with an industry-leading intelligent interactive experience. By adopting state-of-the-art autonomous driving sensors and a computing platform within just its normal configuration, both equally ordinarily identified in motor vehicles priced over a million Renminbi, the L9 is able of all-scenario Navigation on ADAS (NOA), generating a safer, extra convenient and far more at ease practical experience for family users.&CloseCurlyDoubleQuote Yanan Shen, co-founder and president of Li Vehicle, commented, “Our general manufacturing has been afflicted by the lack of specified automobile areas ensuing from the resurging COVID-19 situations not too long ago in the Yangtze Delta region. We keep on to just take steps to assure provide and safeguard generation, aiming to shorten the waiting around time of supply to our consumers.&CloseCurlyDoubleQuote
As of March 31, 2022, the Enterprise experienced 217 retail shops in 102 metropolitan areas, as effectively as 287 servicing facilities and Li Automobile-approved physique and paint stores running in 211 cities.
About Li Car Inc.
Li Automobile Inc. is an innovator in China&CloseCurlyQuotes new electricity vehicle market place. The Firm designs, develops, manufactures, and sells top quality good electric autos. Its mission is to produce properties on the shift that carry happiness to the entire spouse and children (“??????，??????&CloseCurlyDoubleQuote). Through innovations in product, know-how, and organization design, the Company delivers people with protected, easy, and refined products and companies. Li Automobile is a pioneer to effectively commercialize extended-selection electric powered vehicles in China. Its initial product, Li One particular, is a 6-seat, substantial top quality smart electric SUV. The Business commenced quantity generation of Li One particular in November 2019 and introduced the 2021 Li One particular in Could 2021. The Business leverages technology to create benefit for its people. It concentrates its in-residence development initiatives on its proprietary variety extension system, next-era electric powered car or truck technology, and smart car alternatives. Over and above Li A single, the Corporation will extend its product or service line by building new autos, including BEVs and EREVs, to target a broader consumer foundation.
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This push launch consists of statements that might constitute “forward-seeking&CloseCurlyDoubleQuote statements pursuant to the “safe harbor&CloseCurlyDoubleQuote provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-wanting statements can be recognized by terminology these as “will,&CloseCurlyDoubleQuote “expects,&CloseCurlyDoubleQuote “anticipates,&CloseCurlyDoubleQuote “aims,&CloseCurlyDoubleQuote “future,&CloseCurlyDoubleQuote “intends,&CloseCurlyDoubleQuote “plans,&CloseCurlyDoubleQuote “believes,&CloseCurlyDoubleQuote “estimates,&CloseCurlyDoubleQuote “likely to,&CloseCurlyDoubleQuote and identical statements. Li Vehicle might also make composed or oral forward-looking statements in its periodic reviews to the U.S. Securities and Exchange Commission (the “SEC&CloseCurlyDoubleQuote), in its annual report to shareholders, in push releases and other penned components, and in oral statements built by its officers, directors, or staff to 3rd functions. Statements that are not historic specifics, including statements about Li Vehicle&CloseCurlyQuotes beliefs, options, and expectations, are forward-searching statements. Ahead-seeking statements contain inherent challenges and uncertainties. A variety of aspects could induce actual success to vary materially from those contained in any ahead-on the lookout assertion, which include but not confined to the next: Li Automobile&CloseCurlyQuotes tactics, long run business improvement, and monetary affliction and results of operations Li Vehicle&CloseCurlyQuotes minimal running background hazards connected with extended-range electric powered autos Li Car&CloseCurlyQuotes potential to build, manufacture, and provide autos of large excellent and appeal to buyers Li Car&CloseCurlyQuotes potential to make favourable income stream and revenue products flaws or any other failure of cars to execute as envisioned Li Auto&CloseCurlyQuotes capacity to contend correctly Li Auto&CloseCurlyQuotes skill to construct its brand name and face up to destructive publicity cancellation of orders for Li Auto&CloseCurlyQuotes motor vehicles Li Car&CloseCurlyQuotes means to establish new automobiles and adjustments in purchaser demand and govt incentives, subsidies, or other favorable authorities guidelines. More information and facts with regards to these and other hazards is bundled in Li Auto&CloseCurlyQuotes filings with the SEC. All data presented in this press release is as of the day of this press launch, and Li Car does not undertake any obligation to update any ahead-looking assertion, besides as required beneath applicable law.
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