Top stories of Li Auto in 2023

As one of the prominent new energy vehicle companies in China, Li Auto has taken the lead in vehicle sales by surpassing the milestone of 30,000 units in monthly sales volume. What's more, achieving a weekly sales volume of over 10,000 vehicles has become routine for Li Auto in 2023.

In addition, while other new energy vehicle companies seek external funding to sustain their operations, Li Auto has already achieved profitability twice within a year.

With robust sales figures and consistent profitability, Li Auto had a remarkable year in 2023. Li Xiang, the founder of Li Auto, has also been actively promoting the brand on social media, further boosting the brand's presence online.

Gasgoo conducted an annual review of key automakers and component companies. In this piece, we will take a look back at thesignificant events that unfolded for Li Auto in 2023.

1) Li Auto surpasses 50,000-unit single-month delivery target in Dec. 2023

On Jan 1, 2024, Li Auto announced its delivery data for Dec 2023. The company delivered 50,353 new vehicles in Dec, marking an outstanding year-over-year growth of 137.1% and achieving its goal of delivering 50,000 vehicles in a single month.

2) Li Auto hits cumulative delivery milestone of 600,000 vehicles

On Dec 14, Li Auto announced that its cumulative delivery volume has exceeded 600,000 vehicles.

3) Li Auto rolls out OTA 5.0 software upgrade with enhanced intelligent driving capabilities

Li Auto held an intelligent software release conference on Dec 10, marking the official launch of its latest OTA 5.0 software version.

4) Li Auto achieves 2023's annual sales target ahead of schedule

Li Auto announced that the company delivered 41,030 vehicles in Nov 2023, reflecting a spike of 172.9% year over year.

5) Li Auto's Li MEGA starts blind pre-orders at Auto Guangzhou 2023

Li Auto's Li MEGA MPV made its debut at the Auto Guangzhou 2023 on Nov 17, and kicked off blind pre-orders with a deposit of 5,000 yuan.

6) Li Auto achieves highest-ever quarterly revenue in Q3 2023

Li Auto today reported total revenues of 34.68 billion yuan (US$4.75 billion) for the third quarter of 2023, representing a 271.2% spike compared to the same quarter last year and a 21% growth from the second quarter of 2023.

7) Li Auto delivers 100,000th Li L7 SUV

On Nov 7, Li Auto announced on its WeChat account that it officially hit a milestone with the 100,000th Li L7 SUV delivered to its owner.

8) Li Auto unveils images of Li MEGA all-electric MPV

Li Auto today released the official images of its first all-electric MPV, the Li MEGA, providing a comprehensive look at the vehicle's exterior design from multiple angles. This model is set to be launched officially in Dec 2023, available for purchase starting Jan next year, and deliveries are expected to commence in Feb 2024, with an estimated price tag of over 500,000 yuan.

9) Li Auto boasts highest-ever quarterly revenue, deliveries in Q2 2023

Li Auto announced its financial report for the second quarter of 2023 (Q2 2023), with record-breaking revenue and delivery volume.

10) Li Auto's Li L9 Pro hits market, starting at 429,800 yuan

On Aug 3, Li Auto announced its Li L9's Pro edition has officially hit the market with a retail price starting at 429,800 yuan. Deliveries will commence within the month.

11) Li Auto's Beijing factory secures production qualifications

In the latest announcement by China's Ministry of Industry and Information Technology (MIIT), "Beijing Li Auto Co., Ltd." appeared on the list, indicating that Li Auto's Beijing factory has obtained the production qualification for pure electric and extended range passenger vehicles.

12) Li Auto discontinues sales of Li ONE

Li Auto, the Chinese new energy vehicle (NEV) startup, took the sales and order portal of its first model, the Li ONE, off the company's official website and app. According to the company’s customer service representatives, the Li ONE has sold out completely.

13) Li Auto sees both quarterly revenue, deliveries hit new high in Q1 2023

Li Auto announced its Q1 2023 financial results on May 10, revealing record-high quarterly revenue and delivery volume.

14) Li Auto unveils 800-volt ultrafast charging system

Li Auto unveiled its 800-volt ultrafast charging system at the Auto Shanghai 2023.

15) Li Auto launches L7 five-seater SUV with entry-level trim priced at 319,800 yuan

On Feb 8, Li Auto officially launched its first five-seater flagship smart SUV, the L7.