Li Auto June Deliveries Drop 15% YoY, Also Decline MoM
Claire Weston
Li Auto delivered 30,895 vehicles in June, down 14.8% year-on-year and 7.4% month-on-month; yet year-to-date deliveries still grew nearly 30%, putting the spotlight on whether new models can reverse the slide in the second half.
How bad is the June scorecard, really?
June deliveries hit 30,895 units versus 36,279 a year ago — a 14.8% year-on-year drop.
Sequentially, May's 33,350 units fell to June's figure, a 7.4% decline — both dimensions contracting.
This means → Li Auto is not just "slowing down." It is shrinking in absolute volume — selling fewer cars than last year and fewer than last month.
Year-to-date is still up — how does that square?
Cumulative deliveries through June reached 1,733,687 units, up roughly 29.6% year-on-year.
In plain terms = the surplus built in the first half is large enough that one weak month has not dragged the annual number negative.
But if the second half mirrors June's pace, that nearly 30% cumulative gain will erode fast.
Can new models turn the tide?
The Li Auto i6 — a pure-electric SUV — passed 150,000 cumulative units produced in June, confirming production capacity is ramped.
The new Li Auto L8 five-seat flagship SUV debuted on June 23, featuring connected zero-gravity seats, with deliveries planned for July.
This means → Li Auto is betting on the L8. If July deliveries rebound on the new model, the product cycle still has momentum; if not, the market will question demand, not supply.
A rival is accelerating — why is Li Auto decelerating?
NIO (蔚来) delivered 40,597 units in June, up 62.9% year-on-year, outselling Li Auto by nearly 10,000 units in a single month.
This reflects a product-cycle mismatch: NIO has multiple new models hitting volume at once, while Li Auto sits in a gap between an aging lineup and a flagship not yet delivering.
Put simply = Li Auto did not suddenly get worse — its new-product timing landed in the worst possible window. Whether July's L8 launch closes the gap is the real test.
Content is for reference only, not financial advice.