- Li Auto Inc (NASDAQ: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.
Top 5 Tech And Telecom Stocks That May Explode This Month
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
