Li Auto delivers 40k EVs in October
) released their October 2023 vehicle delivery report on Wednesday, announcing that the company delivered 40,422 vehicles, representing an increase of 302.1% when compared with the same time last year.
“Following steady growth for ten consecutive months, Li Auto achieved a new milestone with over 40,000 monthly deliveries, a strong testament to our ever-improving organizational capabilities across production, sales, and services.” Said CEO Xiang Li. Investors are expected to closely monitor whether the increasing order intake can drive monthly deliveries towards the 50,000 target, despite intensifying competition triggered by the launch of Huawei's Aito M9 in December. This new product could pose a considerable threat to the L9.
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