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Li Auto (NASDAQ:LI) shares are trading lower on Monday after the company announced March 2023 delivery updates.
Li Auto has reported delivering 20,823 vehicles in March 2023, which marks a significant increase of 88.7% compared to the same period last year and exceeds the 20,000 monthly delivery mark once again. This has contributed to the company's strong first-quarter performance, with 52,584 vehicles delivered in total, representing a 65.8% increase year over year. As of the end of March, Li Auto's cumulative deliveries have reached 309,918 vehicles.
“As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China’s premium NEV manufacturers to achieve this milestone,” commented Xiang Li, chairman and CEO of Li Auto.
Li Auto is a leader in China’s new energy vehicle market, which designs, develops, manufactures, and sells premium smart electric vehicles.
LI Price Action: Li Auto has a 52-week high of $41.49 and a 52-week low of $12.52.
Li Auto shares are down 2.93% at $24.22 at the time of writing, according to Benzinga Pro.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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