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Nio and Li Auto reach record-high delivery numbers in November

Stock Markets Dec 01, 2022 09:10
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By Michael Elkins 

Chinese electric vehicle makers, Nio Inc. (NYSE:NIO) and Li Auto (NASDAQ:LI) both announced today that their respective companies have reached record delivery numbers for the month of November.

Li Auto announced that the Company delivered 15,034 vehicles, achieving record-high monthly deliveries, and representing a 11.5% year-over-year increase. The cumulative deliveries of Li Auto vehicles reached 236,101 as of the end of November.

“We set another monthly record with 15,034 deliveries in November. In particular, Li L9 has been the sales champion of full-size SUVs in China for two consecutive months since it commenced delivery, establishing it as a top choice for six-seat full-size family SUVs in China. Meanwhile, according to the China Insurance Automotive Safety Index evaluation results released in November, Li L9 was the first domestic full-size SUV tested for 25% frontal offset impact on both the driver and passenger sides and achieved the G rating, the highest safety rating, for both tests. Thanks to its ultra-high-strength body structure, Li L9 demonstrated class-leading performance with the ability to withstand a peak force of 116,475 Newtons in the roof strength test,” commented Yanan Shen, co-founder and president of Li Auto. “Additionally, we believe that users’ satisfaction for Li L8 has exceeded their expectations since it commenced delivery in early November. Its deliveries and Li L9’s proven success have solidified our market position in the RMB300,000 to RMB500,000 price segment.”

NIO delivered 14,178 vehicles, also a new record-high, representing an increase of 30.3% year-over-year. The deliveries consisted of 8,003 premium smart electric SUVs including 4,897 ES7s, and 6,175 premium smart electric sedans including 3,207 ET7s and 2,968 ET5s. The EV maker delivered 106,671 vehicles year-to-date in 2022, rising by 31.8% year-over-year.

Shares of NIO and LI are down 2.36% and 2.45% respectively in pre-market trading on Thursday.

Nio and Li Auto reach record-high delivery numbers in November
 

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