The Li L9 and Li L8 were fast-tracking their capacity climb, and Li Auto is on track to exceed 20,000 deliveries in December, an executive said.

Li Auto (NASDAQ: LI) expects to reach a new milestone in December deliveries, as capacity grows for two new models.

Li Auto will deliver more than 20,000 units in December, the company's vice president of sales, Liu Jie, said at the Guangzhou auto show today.

For 2022, Li Auto's lineup steps into a new phase with new products Li L9 and Li L8 quickly completing their capacity climb, Liu said, according to information shared by the company on Weibo today.

Auto Guangzhou 2022 will be held from December 30 to January 8, and Li Auto is showcasing the Li L9 and Li L8, two extended-range electric vehicles (EREVs), at the event.

Li Auto is expected to announce December delivery figures on Sunday, January 1. The company delivered a record 15,034 vehicles in November.

If Li Auto delivers 20,000 units in December, that would mean more than 45,000 deliveries in the fourth quarter and more than 132,000 deliveries for the full year of 2022.

The company gave guidance of 45,000 to 48,000 deliveries for the fourth quarter when it reported its third-quarter earnings on December 9.

Li Auto had suffered badly from Covid earlier this year and had revised downward its delivery guidance for the third quarter on September 26. In the fourth quarter, however, it appears to have been unaffected, despite the Covid infection of its CEO.

The company's local counterpart, Nio, announced earlier this week that it was lowering its delivery guidance for the fourth quarter, blaming Covid's outbreak for making delivery and production challenging.

Nio now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from the previously issued guidance of 43,000-48,000.