Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chinese auto manufacturer Li Auto’s vehicle sales in February surged by 755pc to 2,300 units, according to local media reports.

In the first two months of the year, the company’s vehicle sales stood at 7,679 units, up by 430pc from the prior-year period.

The company said that February sales were affected due to the Chinese New Year holiday and COVID-19 outbreaks in northern China or the sales would have been even higher than the current figure. 

It further informed that with the continuous expansion of direct sales and servicing network, and the effective control of the COVID-19 pandemic in China, it is confident of momentum in the growth of sales.

The company is expecting its sales in the first quarter of the year (Q1 2021) to be between 10,500 and 11,500 units.

To meet increasing vehicle demands, and launch new models in 2022 and beyond, the company is planning to accelerate the expansion of its direct sales and servicing network in the future.

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