Summary by Futu AI
Li Auto Inc., a prominent player in China's new energy vehicle market, has reported a significant increase in vehicle deliveries for May 2024. The company delivered 35,020 vehicles, marking a 23.8% rise compared to the same period last year. This brings the total number of Li Auto vehicles delivered to 774,571 by the end of May 2024. The company's recent success is partly attributed to the strong performance of its newly launched model, the Li L6, which has seen over 15,000 deliveries since its release on April 24. Li Auto's market share in the RMB200,000 and above new energy vehicle (NEV) segment has grown to 13.5% from January to April, solidifying its leading position among Chinese auto brands. The company's retail presence has also expanded, with...Show More