Li Auto welcomes four years of stable policy, CEO Li Xiang proposes annual sales target of 1.6 million vehicles

According to news on June 21, in order to support the development of the new energy vehicle industry and promote automobile consumption, the Ministry of Finance and other three departments stated that they will continue and optimize the vehicle purchase tax reduction and exemption policy for new energy vehicles. According to an announcement jointly issued by the Ministry of Finance, the State Administration of Taxation and the Ministry of Industry and Information Technology, from January 1, 2024 to December 31, 2025, vehicles purchasing new energy vehicles will be exempted from vehicle purchase tax, of which each new energy vehicle will be exempted from vehicle purchase tax. The tax exemption for energy passenger vehicles shall not exceed 30,000 yuan. From January 1, 2026 to December 31, 2027, the vehicle purchase tax for new energy vehicles will be halved, with the tax reduction for each new energy passenger vehicle not exceeding 15,000 yuan.

# According to the editor’s understanding, the release of this policy has been supported by Li Xiang, CEO of Li Auto. Li Xiang said that the policy provides a four-year stable policy and sets clear strategic goals for Li Auto. He believes that after completing the company's strategic goals in 2025, the company will have no excuses. Li Xiang has set an ambitious goal, planning to achieve annual sales of 1.6 million vehicles and revenue of 500 billion yuan by early 2026.

In recent times, Li Auto’s development momentum has been very strong. According to official data, as of the 25th week of 2023 (June 12 to June 18), Li Auto’s weekly sales reached 7,800 units, exceeding the combined sales of the second, third and fourth places in the rankings . As of June 18, Li Auto's sales this month have reached 19,800 vehicles, delivering more than 20,000 vehicles for three consecutive months.

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