Market Insight | LI AUTO-W Soars Over 5% at Opening, LI ONE Cumulative Deliveries Exceed 200,000 Units, LI AUTO-W Boosts June Sales Significantly

LI AUTO-W opened more than 5%, as of the time of publication, it rose by 5.06% to HKD 81, with a turnover of HKD 34.029 million. On the news front, LI AUTO announced that its flagship 6-seater SUV model "L9" will be launched in June 2022 and officially delivered in August of the same year, taking 680 days, with a cumulative delivery of 200,000 vehicles to date. A research report from CMB Securities pointed out that LI AUTO-W L6 erupted as scheduled, driving a significant increase in sales in June, with the speed of channel and supplementary network expansion reaching a new high. In addition, the company's nationwide NOA without maps has entered the forefront of intelligent driving, and the upgrade of intelligent driving is conducive to enhancing brand strength and improving product structure. The report further indicates that LI AUTO delivered 48,000 new vehicles in June, with year-on-year and month-on-month increases of 46.7% and 36.4% respectively. A total of 109,000 vehicles were delivered in the second quarter, close to the upper limit guidance of 105,000 to 110,000 vehicles. Cumulative deliveries from January to June reached 189,000 vehicles, up 35.8% year-on-year. In June, LI AUTO L6 deliveries exceeded 20,000 units, with cumulative deliveries exceeding 40,000 units after listing. With the promotion of L6, the company won the sales championship of Chinese new energy vehicles priced above 200,000 RMB in June