Li Auto delivered 29,927 vehicles in January, down 48.85 percent from December and down 3.97 percent from the same month last year.

Li Auto (NASDAQ: LI) saw deliveries almost halve in January from the previous month, as China's auto market enters a seasonal slow period.

The company delivered 29,927 vehicles in January, down 48.85 percent from 58,513 in December and down 3.97 percent from 31,165 a year ago, according to data it released today.

China's auto market is distinctly seasonal, with the beginning of the year, especially the month in which the Chinese New Year falls, usually being the low point for deliveries, while the end of the year is usually the high point.

Below is its statement, as the CnEVPost article is being updated.

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 29,927 vehicles in January 2025. As of January 31, 2025, Li Auto's cumulative deliveries reached 1,163,799.

Li L6 surpassed the 200,000 cumulative delivery milestone in January 2025. Li Auto sustained its leadership as the sales champion of Chinese automotive brand in the passenger vehicle market priced at RMB200,000 and above, with Li L6 maintaining its position as the best-selling extended-range electric vehicle model in China for seven consecutive months.

In January, the Company released OTA update version 7.0, introducing the new Li AD Max V13.0, to provide users with enhanced autonomous driving experience.

As of January 31, 2025, the Company had 500 retail stores in 150 cities, 486 servicing centers and Li Auto-authorized body and paint shops operating in 225 cities. The Company also had 1,845 super charging stations in operation equipped with 9,820 charging stalls in China.