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Li Auto Clocks 102% Jump In September Deliveries

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  • Chinese electric vehicle maker Li Auto Inc (NASDAQ: LI) delivered 7,094 Li ONEs during September 2021, up 102.5% year over year.

  • The company's deliveries for the third quarter of 2021 climbed 190% Y/Y to 25,116 vehicles.

  • The September deliveries fell 24.8% compared to August 2021.

  • "Deliveries of Li ONEs in September moderated compared with the prior month due to the prolonged chip supply shortage," said co-founder and president Yanan Shen.

  • Li's rivals Nio Inc (NYSE: NIO) and Xpeng Inc (NYSE: XPEV) registered 125.7% and 199% Y/Y jump in September deliveries, respectively.

  • As of September 30, 2021, Li Auto had 153 retail stores in 85 cities.

  • Price Action: LI shares are trading higher by 1.10% at $26.58 in premarket on the last check Friday.

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