Latest news with #LiAuto
Business Insider
7 hours ago
- Automotive
- Business Insider
Li Auto delivers 40,856 vehicles in May, up 16.7%
Li Auto (LI) announced that it delivered 40,856 vehicles in May 2025, representing a year-over-year increase of 16.7%. As of May 31, 2025, Li Auto's cumulative deliveries reached 1,301,531. Li Auto has completed a comprehensive upgrade of its entire model lineup to new versions over the past month. The deliveries of Li MEGA Home began in late May, and its production ramp up is accelerating as orders significantly exceeded expectations. The new Li L series demonstrates substantially enhanced product strengths, with each upgrade tailored to genuine user needs and optimized for high-frequency usage scenarios. Li L9 features the dual-chamber air suspension and dual-valve CDC flagship suspension system, delivering an exceptional balance of spacious interior comfort and stable handling. Meanwhile, both Li L8 and Li L7 feature dual-chamber Magic Carpet air suspension as standard, significantly boosting their sporting performance and setting them apart in the RMB300,000 to RMB400,000 price segment. All models come standard with an all-weather LiDAR to deliver industry-leading automatic emergency braking and automatic emergency steering active safety capabilities. Confident Investing Starts Here:
South China Morning Post
7 hours ago
- Business
- South China Morning Post
Hong Kong stocks sink by the most in 2 months as US-China trade tensions rise again
Hong Kong stocks fell by the most in nearly two months on Monday, as rising geopolitical tensions between the US and China weighed on sentiment. The Hang Seng Index fell 2.3 per cent to 22,765.52 at 9.55am local time, the biggest decline since April 7. The Hang Seng Tech Index slipped 2.7 per cent. Mainland markets are closed for the Dragon Boat Festival and will resume trading on Tuesday. Electric carmaker Li Auto tumbled 3.7 per cent to HK$108.20, while peer BYD lost 2.4 per cent to HK$383.40. Short-video platform Kuaishou Technology dropped 4.8 per cent to HK$50.75, while sportswear manufacturer Anta Sports Products weakened 2.8 per cent to HK$92.75. Among the handful of companies that advanced was online games provider NetEase, which jumped 1.2 per cent to HK$193.00. Casino operator Sands China added 0.8 per cent to HK$15.54, while peer Galaxy Entertainment Group rose 0.3 per cent to HK$33.50 after gaming revenue in Macau rose 5 per cent year on year in May to the highest level since January 2020. Investors reassessed their optimistic bets after US President Donald Trump on Friday said China had violated a big part of the trade tariff agreement, without providing details. 'The recent clash might dim the outlook for US-China trade talks during the 90-day truce period, while the strategic decoupling between the two countries is inevitably intensifying,' Nomura analysts including Jing Wang said in a note on Monday.
Associated Press
a day ago
- Automotive
- Associated Press
Li Auto Inc. May 2025 Delivery Update
BEIJING, China, June 01, 2025 (GLOBE NEWSWIRE) -- Li Auto Inc. ('Li Auto' or the 'Company') (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 40,856 vehicles in May 2025, representing a year-over-year increase of 16.7%. As of May 31, 2025, Li Auto's cumulative deliveries reached 1,301,531. Li Auto has completed a comprehensive upgrade of its entire model lineup to new versions over the past month. The deliveries of Li MEGA Home began in late May, and its production ramp up is accelerating as orders significantly exceeded expectations. The new Li L series demonstrates substantially enhanced product strengths, with each upgrade tailored to genuine user needs and optimized for high-frequency usage scenarios. Li L9 features the dual-chamber air suspension and dual-valve CDC flagship suspension system, delivering an exceptional balance of spacious interior comfort and stable handling. Meanwhile, both Li L8 and Li L7 feature dual-chamber Magic Carpet air suspension as standard, significantly boosting their sporting performance and setting them apart in the RMB300,000 to RMB400,000 price segment. All models come standard with an all-weather LiDAR to deliver industry-leading automatic emergency braking (AEB) and automatic emergency steering (AES) active safety capabilities. In late May, Li Auto began to roll out OTA update version 7.4, upgrading the smart assistant Li Xiang Tong Xue with new animated avatars and enhanced intelligence. Additionally, the Company expects to complete the deployment of its 2,500th super charging station in June, setting the stage for the planned launch of its first battery electric SUV, Li i8, in July. As of May 31, 2025, the Company had 506 retail stores in 152 cities, 502 servicing centers and Li Auto-authorized body and paint shops operating in 222 cities. The Company also had 2,414 super charging stations in operation equipped with 13,195 charging stalls in China. 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 a Mobile Home, Create Happiness (创造移动的家,创造幸福的家). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, Li L8, a six-seat premium family SUV, Li L7, a five-seat flagship family SUV, and Li L6, a five-seat premium family SUV. The Company will continue to expand its product lineup to target a broader user base. For more information, please visit: Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'targets,' 'likely to,' 'challenges,' and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC') and The Stock Exchange of Hong Kong Limited (the 'HKEX'), in its annual report 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: Li Auto's strategies, future business development, and financial condition and results of operations; Li Auto's limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto's ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto's ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto's ability to compete successfully; Li Auto's ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto's vehicles; Li Auto's ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: Li Auto Inc. Investor Relations Email: [email protected] Christensen Advisory Roger Hu Tel: +86-10-5900-1548 Email: [email protected]
Business Upturn
a day ago
- Automotive
- Business Upturn
Li Auto Inc. May 2025 Delivery Update
BEIJING, China, June 01, 2025 (GLOBE NEWSWIRE) — Li Auto Inc. ('Li Auto' or the 'Company') (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 40,856 vehicles in May 2025, representing a year-over-year increase of 16.7%. As of May 31, 2025, Li Auto's cumulative deliveries reached 1,301,531. Li Auto has completed a comprehensive upgrade of its entire model lineup to new versions over the past month. The deliveries of Li MEGA Home began in late May, and its production ramp up is accelerating as orders significantly exceeded expectations. The new Li L series demonstrates substantially enhanced product strengths, with each upgrade tailored to genuine user needs and optimized for high-frequency usage scenarios. Li L9 features the dual-chamber air suspension and dual-valve CDC flagship suspension system, delivering an exceptional balance of spacious interior comfort and stable handling. Meanwhile, both Li L8 and Li L7 feature dual-chamber Magic Carpet air suspension as standard, significantly boosting their sporting performance and setting them apart in the RMB300,000 to RMB400,000 price segment. All models come standard with an all-weather LiDAR to deliver industry-leading automatic emergency braking (AEB) and automatic emergency steering (AES) active safety capabilities. In late May, Li Auto began to roll out OTA update version 7.4, upgrading the smart assistant Li Xiang Tong Xue with new animated avatars and enhanced intelligence. Additionally, the Company expects to complete the deployment of its 2,500th super charging station in June, setting the stage for the planned launch of its first battery electric SUV, Li i8, in July. As of May 31, 2025, the Company had 506 retail stores in 152 cities, 502 servicing centers and Li Auto-authorized body and paint shops operating in 222 cities. The Company also had 2,414 super charging stations in operation equipped with 13,195 charging stalls in China. 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 a Mobile Home, Create Happiness (创造移动的家,创造幸福的家). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, Li L8, a six-seat premium family SUV, Li L7, a five-seat flagship family SUV, and Li L6, a five-seat premium family SUV. The Company will continue to expand its product lineup to target a broader user base. For more information, please visit: . Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'targets,' 'likely to,' 'challenges,' and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC') and The Stock Exchange of Hong Kong Limited (the 'HKEX'), in its annual report 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: Li Auto's strategies, future business development, and financial condition and results of operations; Li Auto's limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto's ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto's ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto's ability to compete successfully; Li Auto's ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto's vehicles; Li Auto's ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto's filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: Li Auto Relations Email: [email protected]
Yahoo
a day ago
- Automotive
- Yahoo
Tesla Rivals Report May Sales As BYD Launches China EV Price War
Tesla rivals Xiaomi and Li Auto reported May sales Sunday with more to come with giant BYD launching a new China EV price war.
