1、 Li Auto Inc.Announces Unaudited First Quarter 2023 Financial Results Quarterly total revenues reached RMB18.79 billion(US$2.74 billion)1 Quarterly deliveries reached 52,584 vehicles BEIJING,China,May 10,2023 Li Auto Inc.(“Li Auto”or the“Company”)(Nasdaq:LI;HKEX:2015),a leader in Chinas new energy v

2、ehicle market,today announced its unaudited financial results for the quarter ended March 31,2023.Operating Highlights for the First Quarter of 2023 Total vehicle deliveries were 52,584 units in the first quarter of 2023,representing a 65.8%year-over-year increase.Deliveries 2023 Q1 2022 Q4 2022 Q3

3、2022 Q2 52,584 46,319 26,524 28,687 Deliveries 2022 Q1 2021 Q4 2021 Q3 2021 Q2 31,716 35,221 25,116 17,575 As of March 31,2023,the Company had 299 retail stores covering 123 cities,as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.Financial Highligh

4、ts for the First Quarter of 2023 Vehicle sales were RMB18.33 billion(US$2.67 billion)in the first quarter of 2023,representing an increase of 96.9%from RMB9.31 billion in the first quarter of 2022 and an increase of 6.1%from RMB17.27 billion in the fourth quarter of 2022.Vehicle margin2 was 19.8%in

5、the first quarter of 2023,compared with 22.4%in the first quarter of 2022 and 20.0%in the fourth quarter of 2022.Total revenues were RMB18.79 billion(US$2.74 billion)in the first quarter of 2023,representing an increase of 96.5%from RMB9.56 billion in the first quarter of 2022 and an increase of 6.4

6、%from RMB17.65 billion in the fourth quarter of 2022.Gross profit was RMB3.83 billion(US$557.7 million)in the first quarter of 2023,representing an increase of 77.0%from RMB2.16 billion in the first quarter of 2022 and an increase of 7.4%from RMB3.57 billion in the fourth quarter of 2022.Gross margi