Li Auto (NASDAQ:LI) marked a strong start in January with 31,165 vehicle deliveries, a remarkable 106% increase from the previous year but down 38% M/M, meeting market expectations.
Analyst checks by Morgan Stanley suggested a correlation between delivery figures and a new order intake of 33-35k, further aligning with market predictions. Investor attention is anticipated to shift towards the upcoming 4Q financial report.
In a customer-centric move, Li Auto has announced complimentary charging services at its 330 supercharging stations during the Chinese New Year period.
As Li Auto continues ongoing promotions, particularly in preparation for the L9/8/7 facelifts scheduled for 2Q24, investors will likely continue to focus on whether Li Auto can regain its peak monthly run-rate of 50k units in early 2Q. The introduction of new models like MEGA and L6 will play a pivotal role, although potential competition from Aito M9 remains a consideration.
Shares of LI are up 2.75% in pre-market trading Thursday morning.