Blowing past a significant mark in October with one million cumulative deliveries, Li Auto (NASDAQ:LI) has become the first premium Chinese car company to do so. With 51,443 automobiles recorded in October, the company's YTD count comes to 393,255 units. Though it is a 4.2% drop from the 53,709 units sold in September, this shows a 27.3% YOY growth.
By October 31, Li Auto ran 475 retail stores in 144 cities, 444 service centers, and Li Auto-authorized body and paint shops spread across 223 Chinese cities. Emphasizing its ongoing infrastructure investment, the corporation also kept a sizable charging network with 4,910 terminals and 1,004 supercharging stations. While XPeng Inc. (NYSE:XPEV) hit a record 23,917 deliveries, up 20%, YOY, Nio recorded a 30.5% YOY bump in October deliveries, totaling 20,976 vehicles among rivals. Reflecting investor hope as Li Auto increases its hold in China's competitive EV industry, the U.S.-listed shares climbed 1.6% premarket Friday.
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