Industry dynamics

Li Auto Jun sales breakdown: Li L7 contributes 40% with 13,107 units

Publishtime:1970-01-01 08:00:00 Views:28

Li L8 sold 9,618 units and Li L9 at 8,451 units in June, contributing 29.53 percent and 25.94 percent respectively.

Li Auto's (NASDAQ: LI) five-seater SUV, Li L7, continued to see monthly sales rise after its launch, contributing 40 percent of sales in June.

The Li L7 sold 13,107 units in June, up 17.88 percent from 11,119 units in May, marking the third consecutive month of growth, according to data from China Passenger Car Association (CPCA) shared by local automotive media outlet Dongchedi.

The Li L7 contributed 40.24 percent of Li Auto's deliveries in June, considering the company announced earlier this month that it delivered 32,575 vehicles in June.

Li Auto officially launched the Li L7, its first five-seat SUV, on February 8. Its other two models currently on sale, the Li L9 and Li L8, are both six-seaters.

All three models are extended-range electric vehicles (EREVs), essentially plug-in hybrids.

The Li L7 is Li Auto's cheapest model to date, starting at RMB 319,800 ($44,380), and its first delivery was on March 11.

The Li L8 sold 9,618 units in June, up 26.49 percent from 7,604 units in May, contributing 29.53 percent of Li Auto's sales last month.

The Li L8 was launched on September 30, 2022, with the first deliveries taking place on November 10, 2022. The model's current starting price is RMB 339,800.

Li Auto's flagship SUV, the Li L9, sold 8,451 units in June, up 23.34 percent from 6,852 units in May, contributing 25.94 percent of sales.

The Li L9 was launched on June 21, 2022, and the first delivery was made on August 30 last year. The model's current starting price is RMB 459,800.

Last month, a Li L9 without LiDAR appeared in a filing catalog with China's industrial regulator, implying that Li Auto is expected to launch a lower-priced variant of the flagship SUV.

"For the third quarter, we target monthly deliveries for Li L8 and Li L9 at over 10,000 each and aspire to achieve 15,000 Li L7 monthly deliveries," Li Xiang, Li Auto's founder, chairman and CEO, said when the company announced its June deliveries on July 1.

In the fourth quarter, Li Auto will challenge itself to achieve the 40,000 monthly deliveries mark, he said.

($1 = RMB 7.2060)

Li Auto Jun sales breakdown: Li L7 13,107, Li L8 9,618, Li L9 8,451