Li Auto Inc. September 2022 Delivery Update | National

BEIJING, China, Oct. 01, 2022 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in the Chinese new energy vehicle market, announcement today reported that the Company delivered 11,531 vehicles in September 2022, up 62.5% year-over-year. Deliveries included 10,123 Li L9, the company’s flagship six-seat smart SUV for families, in its first full month of deliveries. The September delivery lifted the company’s third-quarter shipments to 26,524, representing a 5.6% year-over-year increase. Cumulative Li Auto vehicle deliveries reached 211,015 at the end of September.

“Our delivery of more than 10,000 Li L9s in September marks the first time that a top-of-the-line domestic-brand model priced over RMB 400,000 has reached this monthly delivery milestone, making Li L9 one of the best full-size SUV choices for family users in China. .As a full-size SUV priced at RMB 459,800, Li L9’s outstanding sales performance testifies to our continuous efforts to develop and refine our internal research and development, supply chain and smart manufacturing,” commented Yanan Shen, co-founder and president of Li Auto. “Thanks to these capabilities, we have also received positive feedback from users on our two new models, Li L8, a premium six-seat large smart SUV for families, and Li L7, a flagship five-seat large smart SUV for families, which debuted on September 30. Li show models L8 will begin arriving in Li Auto retail stores nationwide today, and we invite everyone to visit our retail stores for a closer look. Delivery of Li L8 will begin in November.

As of September 30, 2022, the Company had 271 retail stores in 119 cities, as well as 316 service centers and Li Auto-authorized body and paint shops operating in 226 cities.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The company designs, develops, manufactures and sells premium smart electric vehicles. Its mission is: Create Mobile Home, Create Happiness (创造移动的家, 创造幸福的家). Through innovations in products, technology and business model, the company provides families with safe, convenient and comfortable products and services. Li Auto is a pioneer in the successful commercialization of range-extended electric vehicles in China. The company began volume production in November 2019. Its model lineup includes Li L9, a six-seat full-size flagship smart SUV, Li L8 and Li ONE, both of which are large six-seat premium smart SUVs. , and Li L7 , a large five-seat flagship smart SUV. The Company leverages technology to create value for its users. It is focusing its in-house development efforts on its proprietary range extender system, next-generation electric vehicle technology and smart vehicle solutions while expanding its product line by developing new BEVs and EREVs to target a wider user base.

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Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”) and the Hong Kong Stock Exchange Limited (the “HKEX”), in its annual to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: strategies, future business development, financial condition and results operation of Li Auto; Li Auto’s limited operating history; risks associated with extended range electric vehicles; Li Auto’s ability to develop, manufacture and deliver high-quality, customer-appealing vehicles; Li Auto’s ability to generate positive cash flow and earnings; product defects or any other failure of the vehicles to operate as intended; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and resist negative publicity; cancellation of vehicle orders from Li Auto; Li Auto’s ability to develop new vehicles; and changes in consumer demand and favorable government incentives, subsidies or other government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and HKEX. All information provided in this press release is as of the date of this press release, and Li Auto undertakes no obligation to update any forward-looking statements except as required by applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.

Investor Relations

Email: [email protected]

Piacente Group, Inc.

Song Yang

Tel: +86-10-6508-0677

Email: [email protected]

Brandi Piecente

Tel: +1-212-481-2050

Email: [email protected]

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