For the week of March 25-31, China's NEV sales were 186,183, up 14 percent from the previous week, with a penetration rate of 43 percent.
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Li Auto becomes the first Chinese EV startup to sell more than 700,000 cars cumulatively. The brand aims for sales this year of 800,000 alone.
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In the first quarter, Li Auto delivered 80,400 vehicles, exceeding the upper end of the lowered guidance range of 76,000 to 78,000 vehicles.
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Tesla Model Y sales in China last week were 10,800, Li Mega 1,000 and Xpeng X9 at 800 units.
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Li Auto previously aimed to sell as many as 800,000 vehicles in 2024, and become the best-selling premium car brand in China.
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Li Auto now expects vehicle deliveries in the first quarter of 2024 to be in the range of 76,000 to 78,000 units, revised from its previous forecast of between 100,000 and 103,000 units.
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Li Auto incorrectly treated a period of commercial validation as a period of rapid growth with the Li Mega, and this strategic miscalculation was the essential reason for the model's issues, its CEO said.
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So far this month, Nio was at 5,500, Xpeng at 4,700, Li Auto at 18,200 and Tesla at 31,000.
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Nio's models currently come standard with four Nvidia Orin chips, but it will carry its own in-house developed chip in the ET9, which it will start delivering next year.
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Li Auto's management was expecting 70,000 to 80,000 units of the Li Mega for the full year prior to its launch, and is now discussing whether to lower that to 50,000 to 60,000 units, according to local media.
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