Li Auto's May Vehicle Deliveries Jump 146% - Li Auto (NASDAQ:LI)

Li Auto Inc LI has reported delivering 28,277 vehicles in May 2023, marking a 146% jump year-on-year.
This marks Li Auto's third consecutive month of delivering over 20,000 vehicles and its second straight month of delivering over 10,000 Li L7s.
The cumulative deliveries of Li Auto vehicles reached 363,876 as of the end of May.
"In May, Li Auto's monthly gross sales1 exceeded RMB10 billion for the first time in our history, laying a solid foundation for us to reach the sales target of RMB100 billion in 2023,” said chairman and CEO Xiang Li.
Also Read: Li Auto's Q1 Performance: 97% Topline Growth, Higher Deliveries, Robust Q2 Outlook
As of May 31, 2023, the company had 314 retail stores in 124 cities, as well as 319 servicing centers and Li Auto-authorized body and paint shops operating in 222 cities.
Price Action: LI shares are trading lower by 0.72% at $28.84 in the premarket on Thursday.