Shares of Li Auto Inc rose nearly 6% after delivering 11,034 Li ONEs in March 2022, increasing 125.2% YoY, according to a press release by Li Auto on Friday.
The company’s deliveries bring March quarter deliveries to 31,716, a 152.1% YoY surge.
The total deliveries of Li One have hit 155,804 since the launch of the vehicle in the market in 2019.
Meanwhile, the company stated that production has been hampered by the shortage of certain auto parts due to the resurging COVID-19 cases in the Yangtze Delta region.
Li Auto is expecting to release its next car, the L9 SUV, on April 16, as competition in China’s EV market continues to intensify.