Li Motors delivered 20,823 new vehicles in March, once again achieving a single-month delivery of more than 20,000 vehicles, an increase of 88.7% year-on-year.
In the first quarter of 2023, Li delivered a total of 52,584 vehicles, an increase of 65.8% compared to the first quarter of 2022. As of March 31, 2023, the cumulative delivery volume of Li was 309,918 units.
“Li L7, the new five-seat flagship for families, has been officially delivered, and the first batch of delivered customers have exceeded expectations for the product. Meanwhile, this month, Li has exceeded 300,000 cumulative deliveries and is the fastest Chinese luxury new energy brand to achieve 300,000 cumulative deliveries. We are very pleased to see that with strong product strength and customer recognition, Li has already gained nearly 20% market share in the 300,000-500,000 SUV market in China, making it one of the top luxury SUV brands for family users. In addition, the Li L7 Air and Li L8 Air models will also start delivery in April.” said Li Xiang, Chairman and CEO of Li Motors.
As of March 31, 2023, there were 299 retail centers in China, covering 123 cities, 318 after-sales repair centers and authorized sheet metal spraying centers, covering 223 cities.
