Li Auto Inc. December 2020 Supply Update

BEIJING, China, Jan. 01, 2021 (Globe NEWSWIRE) — Li Car Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new vitality car industry, currently introduced that the Enterprise sent 6,126 Li Types in December 2020, representing an boost of 31.9% month-about-thirty day period and 529.6% calendar year-over-calendar year. The Company’s deliveries for the fourth quarter attained 14,464, 67.% larger than people for the 3rd quarter and 20.5% above the leading conclusion of the Company’s guidance.

Also noteworthy, the amount of Li A single orders for December was at its maximum degree ever.

Additionally, cumulative deliveries of Li Kinds exceeded 30,000 as of December 18, 2020. This milestone was attained in just more than 12 months considering the fact that deliveries commenced on December 4, 2019, location a new history for first designs by new vitality vehicle brands. The Firm would like to thank all Li One particular customers for their continued assistance and belief in Li Automobile.

As of December 31, 2020, the Organization had 52 retail outlets masking 41 cities, and 114 servicing facilities and Li Car-licensed system and paint outlets working in 83 cities. As desire in Li A person grows steadily, the Business remains dedicated to the steady enlargement of its direct product sales and servicing network and additional industry penetration to support that desire.

About Li Vehicle Inc.

Li Automobile Inc. is an innovator in China’s new strength automobile market place. The Enterprise styles, develops, manufactures, and sells high quality good electric powered SUVs. By way of modern goods, technology, and organization product, the Corporation offers prospects with protected, effortless, and price-successful mobility methods. Li Automobile is the to start with to effectively commercialize extended-selection electrical vehicles in China. The Company begun quantity creation of its very first design, Li A single, in November 2019. With Li One, the Company leverages its in-household technological know-how to produce value for its customers, focusing on vary extension, wise technological know-how, and autonomous driving solutions. Further than Li One particular, the Company aims to grow its item line by creating new motor vehicles to goal a broader shopper base.

For far more info, please take a look at: http://ir.lixiang.com.

Safe and sound Harbor Statement

This push release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These ahead-looking statements can be recognized by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and very similar statements. Li Auto could also make composed or oral forward-looking statements in its periodic experiences to the U.S. Securities and Exchange Commission (the “SEC”), in its yearly report to shareholders, in push releases and other written materials, and in oral statements built by its officers, directors, or personnel to third get-togethers. Statements that are not historical information, including statements about Li Auto’s beliefs, plans, and expectations, are ahead-on the lookout statements. Forward-seeking statements contain inherent risks and uncertainties. A quantity of things could result in real results to vary materially from those people contained in any forward-hunting assertion, which includes but not restricted to the subsequent: Li Auto’s strategies, long run business improvement, and money problem and outcomes of functions Li Auto’s limited functioning historical past hazards involved with extended-selection electric powered autos, Li Auto’s skill to produce, manufacture, and provide vehicles of superior good quality and attractiveness to buyers Li Auto’s means to crank out optimistic cash flow and income solution problems or any other failure of autos to conduct as anticipated Li Auto’s means to compete properly Li Auto’s capability to develop its manufacturer and stand up to negative publicity cancellation of orders for Li Auto’s automobiles Li Auto’s potential to acquire new vehicles and changes in shopper demand and federal government incentives, subsidies, or other favorable governing administration procedures. Further facts relating to these and other challenges is bundled in Li Auto’s filings with the SEC. All data supplied in this press launch is as of the day of this push release, and Li Automobile does not undertake any obligation to update any forward-wanting assertion, except as needed under relevant regulation.

For trader and media inquiries, make sure you contact:

Li Automobile Inc.Investor RelationsEmail: [email protected]

The Piacente Team, Inc.Yang TrackTel: +86-10-6508-0677Email: [email protected]

Brandi PiacenteTel: +1-212-481-2050E mail: [email protected]

Li Automobile Inc.