Li Auto had record weekly order growth over the Labor Day holiday in early May, its CEO said.
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Category: Li Auto
Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.
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Thousands of completed Li Megas are currently parked in the parking lot of Li Auto's Beijing plant, according to local media.
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Li Auto is accused of exaggerating market demand for the Li Mega and the effectiveness of its operational strategy when it launched the model, allegations that the company refutes.
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Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.
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For May 1-12, Nio was 5,600, Xpeng 2,800, Li Auto 10,800, Xiaomi 2,000, Tesla 16,900, and BYD 101,300 units.
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The incident of a Li driving on the highway without a driver along with sales of the L6 and driving results of the May holiday.
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The sequential increase in new orders for Nio in April was mainly due to lower prices for its BaaS battery rental service, according to Deutsche Bank.
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Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.
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Li Auto had 5,300 insurance registrations last week and Xpeng 1,400.
The post China EV insurance registrations for week ending May 5: Nio 3,600, Tesla 11,000, BYD 52,600 appeared first on CnEVPost.
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