Li Auto Reported Orders of Over 30,000 Li L9, Flagship SUV

Jun 24, 2022 By MarketDepth

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Li Auto Inc. (NASDAQ: LI), the Chines based designer and manufacturer of electric vehicles announced Friday that the orders for Li L9, its flagship smart SUV, have exceeded 30,000 in 72 hours since the vehicle was available for reservation, demonstrating the outstanding product appeal of the vehicle for family users. Each Li L9 order requires a RMB5,000 deposit, which is refundable for a limited period of time.

Previously, back in May, Li auto reported in a delivery updated that delivered 4,167 Li ONEs in April 2022. Cumulative deliveries of Li ONE have reached 159,971 since the vehicle’s market debut in 2019.

“The COVID-19 resurgence in the Yangtze Delta region continues to cause severe industry-wide disruptions in supply chain, logistics and production since late March. Our Changzhou manufacturing base is located in the center of the Yangtze Delta region, which is home to over 80% of our parts suppliers, especially in Shanghai and Kunshan. The COVID-19 resurgence in this area has incapacitated some suppliers in Shanghai and Kunshan. Some of them completely shut down production or delivery of their products, making it impossible for us to maintain production after exhausting our parts inventory. This materially affected our production in April, resulting in delayed deliveries for some of our users. At present, we are working with our supply chain partners to restore production capacity, aiming to shorten the delivery waiting time for Li ONE users, while meeting all pandemic prevention and containment requirements.”

Yanan Shen, co-founder and president of Li Auto