Li Auto delivers 30,895 vehicles in June, launches new Li L8 SUV

Li Auto delivered 30,895 vehicles in June, bringing cumulative sales past 1.73 million, as the Chinese EV maker launched a technology-laden flagship SUV to defend its position in an intensifying price war.

The company introduced the all-new Li L8 on June 23, a five-seat flagship SUV featuring connected zero-gravity seats, an 800-volt active suspension system, a fully drive-by-wire chassis, the in-house MACH M100 chip and a 5C range extension system. The new Li L6 is set to follow in July.

As of June 30, Li Auto operated 495 retail stores across 160 cities and 536 service centers in 220 cities. Its charging network has grown to 4,097 supercharging stations equipped with 22,593 stalls. The Li i6, a battery-electric model, surpassed 150,000 units in cumulative production.

The delivery figure comes after a challenging first quarter in which Li Auto reported a revenue decline, lower margins and a net loss. The stock traded modestly lower on the news, diverging from gains in peers including NIO and XPeng, suggesting a stock-specific reaction. Analysts have a median price target of $16.55 on the Nasdaq-listed shares, with targets ranging from $14 at Barclays to $19 at Piper Sandler.

Li Auto faces a crowded field in China's new energy vehicle market, where BYD dominates and rivals including NIO and XPeng are also rolling out new models. The company's strategy of layering advanced chassis and chip technology into its extended-range and battery-electric SUVs aims to differentiate its premium family-oriented lineup. Short interest stood at 2.28 percent of float as of mid-June, suggesting limited bearish conviction despite the margin pressure from the ongoing price war among Chinese EV makers.

This article is for informational purposes only and does not constitute investment advice.