Li Auto Inc. June 2022 Delivery Update

BEIJING, China, July 01, 2022 – Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 13,024 Li ONE in June 2022, up 68.9% year-on-year. That brought the company’s second-quarter shipments to 28,687, representing a 63.2% year-over-year increase. Cumulative Li ONE deliveries have reached 184,491 since the vehicle’s market debut in 2019.

The company officially unveiled the Li L9 on June 21, 2022, the flagship smart SUV for families. The Li L9 is a six-seat full-size flagship SUV, offering superior space and comfort for family users. Its flagship in-house developed range extender and chassis systems offer excellent handling with a CLTC range of 1,315 kilometers and a WLTC range of 1,100 kilometers. Li L9 also features the company’s self-driving system, Li AD Max, and top-notch vehicle safety measures to protect every passenger in the family. Li L9’s innovative five-screen three-dimensional interactive smart cockpit brings a new level of driving experience and entertainment. Li L9 comes standard with over 100 flagship features at a retail price of RMB 459,800.

“Li L9 is coming to all Li Auto retail stores nationwide today, and we invite everyone to visit our retail stores for a closer review. Since its launch on June 21, Li L9 has received positive feedback from users, accumulating more than 30,000 orders by Jun. 24, 2022, each with 5,000 RMB deposit refundable for a limited period.Meanwhile, our users’ enthusiasm for Li L9 has not dampened our order intake for 2021 Li ONE, which remains high thanks to continued Li L9 road tests will be available in all our retail stores from July 16, and deliveries will begin by the end of August,” said commented Yanan Shen, co-founder and president of Li Auto.

As of June 30, 2022, the Company had 247 retail stores in 113 cities, as well as 308 Li Auto authorized service centers and body and paint shops operating in 226 cities.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The company designs, develops, manufactures and sells premium smart electric vehicles. Its mission is: Create Mobile Home, Create Happiness (创造移动的家, 创造幸福的家). Through innovations in products, technology and business model, the company provides families with safe, convenient and comfortable products and services. Li Auto is a pioneer in the successful commercialization of range-extended electric vehicles in China. The company began volume production in November 2019. Its model lineup includes Li ONE, a large six-seat premium smart electric SUV, and Li L9, a six-seat, full-size flagship smart SUV. The Company leverages technology to create value for its users. It is focusing its in-house development efforts on its proprietary range extender system, next-generation electric vehicle technology and smart vehicle solutions while expanding its product line by developing new BEVs and EREVs to target a wider user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and the Hong Kong Stock Exchange Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: strategies, future business development, financial condition and results operation of Li Auto; Li Auto’s limited operating history; risks associated with extended range electric vehicles; Li Auto’s ability to develop, manufacture and deliver high-quality, customer-appealing vehicles; Li Auto’s ability to generate positive cash flow and earnings; product defects or any other failure of the vehicles to operate as intended; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and resist negative publicity; cancellation of vehicle orders from Li Auto; Li Auto’s ability to develop new vehicles; and changes in consumer demand and favorable government incentives, subsidies or other government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and HKEX. All information provided in this press release is as of the date of this press release, and Li Auto undertakes no obligation to update any forward-looking statements except as required by applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.

Investor Relations

Email: [email protected]

Piacente Group, Inc.

Song Yang

Tel: +86-10-6508-0677

Email: [email protected]

Brandi Piecente

Tel: +1-212-481-2050

Email: [email protected]

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