Li Auto recently completed the delivery of its 400,000th vehicle, its five-seat SUV, the Li L7, at its Beijing delivery center. Li Auto reached the milestone in 42 months since delivering its first vehicle in December 2019, making it the fastest new car-making brand in China to reach the milestone.

On March 24, Li Auto's cumulative deliveries exceeded 300,000 units. The latest progress means the company has completed its latest 100,000-vehicle delivery in less than four months.

Looking ahead to the second half of 2023, Li Auto will challenge itself to achieve the 40,000-unit monthly delivery mark in the fourth quarter with the L series.

All of Li Auto's models currently on sale are extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L8 and Li L9.

The company delivered a record 32,575 vehicles in June, bringing cumulative deliveries since inception to 396,451, according to figures it announced earlier this month.