Li ONE, the only model in Li Auto's lineup, delivered 4,646 units in November, setting another monthly delivery record, up 25.8 percent from October, the Chinese EV maker announced today.
From January to November 2020, a total of 26,498 units of the Li ONE have been delivered.
November 2020 marked the one-year anniversary of Li ONE's mass production, with Li ONE's production exceeding 5,000 units that month.
Notably, the number of new orders for the Li ONE in November exceeded production for the month, the company said.
As of Nov. 30, Li Auto has 45 retail centers in 38 cities, 97 after-sales service centers and 97 authorized sheet metal spraying centers in 72 cities across China.
So far, the big three U.S.-listed Chinese electric car makers have all reported November delivery figures.
According to data released by NIO yesterday, it delivered 5,291 new vehicles in November, exceeding 5,000 units after October, the fourth consecutive month of record monthly deliveries for the brand, and the eighth consecutive month of year-over-year doubling since April of this year.
In the first eleven months of 2020, NIO delivered 36,721 units, up 111.1% year-over-year, and has delivered 68,634 units since June 2018.
XPeng delivered 4,224 units in November, up 342% year-over-year, and 21,341 units from January to November 2020, up 87% year-over-year.
XPeng P7 delivered 2,732 units in a single month, an increase of 30% from the previous month; 11,371 units have been delivered since the end of June this year; XPeng G3 delivered 1,492 units in a single month, an increase of 59% from the previous month, a new high in 2020.
Goldman Sachs analyst Fei Fang on Tuesday raised the bank's price target on Li Auto to $60 from $20.60, maintaining a "Confident Buy" rating.
The bank also raised its rating on NIO to Neutral from Sell and raised its price target significantly to $59 from $7.70.
Goldman Sachs raises price targets on Li Auto and NIO, EV makers' shares soar pre-market