Li Auto Inc. Stock Price, News & Analysis

Li Auto Inc. reported significant demand for its flagship SUV, the Li L9, with over 30,000 orders placed within 72 hours of availability for reservation. Each order requires a refundable deposit of RMB5,000, indicating strong product appeal among family users. This surge in orders reflects Li Auto's position as a leader in China's new energy vehicle market, emphasizing its commitment to designing premium smart electric vehicles. The company, known for its innovations in range extension technology and electric vehicle solutions, continues to expand its product lineup.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has launched its flagship smart SUV, the Li L9, designed specifically for families. This six-seat SUV boasts a maximum range of 1,315 kilometers (CLTC) and features advanced safety measures, including the self-developed autonomous driving system, Li AD Max. The Li L9 will be available for test drives from July 16, 2022, and deliveries are set to begin by the end of August 2022. Li Auto also plans to open-source its AEB system to enhance autonomous driving safety across the industry.

Li Auto Inc. (Nasdaq: LI) will unveil its flagship smart SUV, the Li L9, on June 21, 2022, at 8:00 A.M. U.S. Eastern Time. The launch event will be livestreamed on the Company's website, with an English-subtitled replay available afterward. Li Auto is a leader in China's new energy vehicle market, focusing on premium smart electric vehicles and innovative technologies. The Company aims to enhance user experience through proprietary range extension systems and smart vehicle solutions, having started volume production in November 2019.

Li Auto Inc. (Nasdaq: LI) reported significant growth in vehicle deliveries, with 11,496 Li ONEs delivered in May 2022, marking a 165.9% year-over-year increase. Cumulative deliveries since the model's launch in 2019 have reached 171,467. However, ongoing parts supply shortages due to production disruptions in the Yangtze Delta have impacted manufacturing levels, leading to delays in deliveries. As of May 31, 2022, Li Auto operates 233 retail stores across 108 cities and plans to improve production capacity while adhering to pandemic precautions.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, held its annual general meeting on May 17, 2022, in Beijing. All proposed resolutions were approved, including the re-election of directors Zheng Fan, Hongqiang Zhao, Zhenyu Jiang, and Xing Xiao. The shareholders also granted a general mandate for the issuance of Class A ordinary shares and for share buybacks. Li Auto continues to focus on its mission to create premium smart electric vehicles and expand its product line, emphasizing its proprietary range extension technology.

Li Auto Inc. reported a strong first quarter of 2022 with total revenues of RMB9.56 billion (US$1.51 billion), up 167.5% year-over-year, despite a 10% decline from Q4 2021. Vehicle deliveries surged to 31,716, a 152.1% increase from the prior year. Gross margin improved to 22.6%, reflecting a healthy vehicle margin of 22.4%. However, operating loss was RMB413.1 million, slightly worsening from RMB407.7 million year-over-year. Notably, the net loss was reduced to RMB10.9 million compared to RMB360 million in Q1 2021. The company anticipates vehicle deliveries for Q2 2022 to range between 21,000 and 24,000.

Li Auto Inc. (Nasdaq: LI) announced the delivery of 4,167 Li ONEs in April 2022, raising cumulative deliveries to 159,971 since 2019. However, the company faced significant disruptions due to the COVID-19 resurgence in the Yangtze Delta region, affecting supply chains and production capabilities. The Changzhou manufacturing base, where most suppliers are located, struggled with shutdowns, leading to delayed deliveries for some customers. Currently, Li Auto is working with partners to restore production capacity while adhering to pandemic protocols.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) will announce its unaudited financial results for Q1 2022 on May 10, 2022, before U.S. market opens. The earnings conference call will occur at 8:00 A.M. ET the same day. Interested participants can register online for access information. Following the call, a replay will be available until May 18, 2022. Li Auto, a leader in China's new energy vehicle market, is focused on developing premium smart electric vehicles, including the Li ONE SUV, first launched in 2019. The company is expanding its product line to include BEVs and EREVs.

Li Auto Inc. has been provisionally identified by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA). This designation indicates concerns regarding the ability of U.S. authorities to inspect its auditor's working papers. Li Auto has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, on April 19, 2022. The company is actively seeking solutions to safeguard stakeholder interests while continuing to comply with relevant regulations in both the U.S. and China.