Li Auto's cumulative deliveries for the year to the end of November were 325,677 vehicles, achieving its 2023 target of 300,000 units ahead of schedule.

Li Auto (NASDAQ: LI) saw new record deliveries and met its annual deliveries target ahead of schedule.

The Chinese carmaker delivered a record 41,030 vehicles in November, surpassing October's previous record of 40,422, according to data it released today.

That's up 172.91 percent year-on-year and up 1.5 percent from October.

Li Auto's cumulative deliveries for the year through the end of November stood at 325,677 units, up 190.75 percent year-on-year and achieving its 2023 target of 300,000 vehicles ahead of schedule, according to the company.

Li Auto's cumulative deliveries since its inception stand at 583,011 units, according to data monitored by CnEVPost.

"Propelled by the growing market demand, we will continue to strive for a 50,000 monthly delivery target in December with ample preparations in sales, supply, production, and delivery capabilities," Li Xiang, chairman and CEO of Li Auto, said.

Li Auto currently has three models on sale -- Li L7, Li L8 and Li L9 -- all of which are extended-range electric vehicles (EREVs), essentially plug-in hybrids.

Its first battery electric vehicle (BEV) model, the Li Mega MPV (Multi-Purpose Vehicle), went on pre-sale at the Guangzhou auto show in November, with the official launch set for December.

Li Auto guided for fourth-quarter vehicle deliveries to be in the range of 125,000 to 128,000 units when it reported third-quarter earnings on November 9, implying a year-on-year increase of 169.9 percent to 176.3 percent.

To meet that guidance, Li Auto would need to deliver between 43,548 and 46,548 vehicles in December.

As of November 30, Li Auto had 398 retail stores in 136 cities and 320 repair centers and Li Auto-authorized body and paint stores in 209 cities.

Li Auto plans to start tapping overseas markets in 2024, with 1st stop to be Middle East, report says