Li Auto Inc. Stock Price, News & Analysis

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported record deliveries of 15,034 vehicles in November 2022, marking an 11.5% year-over-year increase. Cumulative deliveries reached 236,101 as of November 30, 2022. The Li L9 model has topped the full-size SUV sales in China for two consecutive months and achieved a G rating in safety tests. The company operates 276 retail stores in 119 cities and aims to solidify its market position in the RMB300,000 to RMB500,000 segment with successful models like Li L8 and Li L9.

Li Auto Inc. (Nasdaq: LI) announced it will report its unaudited Q3 2022 financial results on December 9, 2022, before U.S. market opens. Following the report, a conference call will take place at 7:00 A.M. U.S. Eastern Time. Interested participants are advised to register online to receive dial-in information. The call will also be accessible via a live and archived webcast on Li Auto's investor relations website. The company, a leader in China's new energy vehicle market, focuses on premium electric vehicles and has successfully commercialized extended-range EVs.

Li Auto Inc. announced the delivery of 10,052 vehicles in October 2022, marking a 31.4% year-over-year increase. Cumulative deliveries reached 221,067 by month-end. Co-founder Yanan Shen highlighted positive feedback for the newly launched Li L8, with expectations for strong order growth. The Li L9 also maintained robust orders and high user satisfaction. As of October 31, 2022, Li Auto operated 274 retail stores across 119 cities and had a network of 317 servicing centers, underscoring its market expansion.

Li Auto announced that it delivered 11,531 vehicles in September 2022, reflecting a remarkable 62.5% year-over-year growth. The deliveries included 10,123 Li L9s, marking the model's success in the premium SUV market. Overall, their third-quarter deliveries totaled 26,524, up 5.6% year-over-year, contributing to a cumulative 211,015 vehicles delivered. The Company plans to start deliveries of the new Li L8 in November 2022, enhancing its innovation in the electric vehicle sector with a strong retail presence of 271 stores.

Li Auto Inc. has launched two new premium SUVs, the Li L8 and Li L7, aimed at family users. Both models feature advanced all-wheel drive extension systems with impressive ranges of 1,315 km (CLTC) and 1,100 km (WLTC). The Li L8 and L7 come with cutting-edge autonomous driving technology and luxurious interiors filled with over 100 features. Deliveries for the Li L9 exceeded 10,000 units in September. The Li L8 is priced between RMB 359,800 to RMB 399,800 while the Li L7 ranges from RMB 339,800 to RMB 379,800. Reservations are currently open, with deliveries starting in early November.

Li Auto Inc. has revised its delivery forecast for Q3 2022, now expecting to deliver approximately 25,500 vehicles, down from a prior estimate of 27,000 to 29,000 units. This adjustment is attributed to ongoing supply chain constraints, although demand for its vehicles remains strong. The company emphasizes its commitment to working with supply chain partners to resolve these issues and enhance production rates.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has announced the early launch of its family-oriented, six-seat smart SUV, the Li L8, scheduled for September 30, 2022. Priced below RMB400,000, deliveries will commence in early November, coinciding with China's National Day holiday. The decision to expedite the launch was influenced by strong market interest, as stated by co-founder Yanan Shen. Li Auto's L series will also include models like Li L9, Li L7, and Li L6, targeting various family needs in the growing electric vehicle market.

Li Auto announced the delivery of 4,571 vehicles in August 2022, bringing cumulative deliveries to 199,484. The company is launching its flagship smart SUV, Li L9, with positive initial feedback from users. Additionally, the anticipated Li L8, a large premium smart SUV, will begin deliveries in November. As of August 31, 2022, Li Auto operates 265 retail stores and 316 servicing centers across 226 cities, solidifying its presence in China's new energy vehicle market.

Li Auto Inc. reported a strong second quarter for 2022, with total revenues reaching RMB8.73 billion (US$1.30 billion), a 73.3% increase year-over-year. Vehicle deliveries were 28,687, marking a 63.2% rise from the previous year. Gross profit also saw a significant increase of 97.1% to RMB1.88 billion (US$280.4 million), despite a net loss of RMB641 million (US$95.7 million), which was 172.2% higher than last year. The company expects third-quarter deliveries to be between 27,000 and 29,000 vehicles, with projected revenues of RMB8.96 billion to RMB9.56 billion, indicating continued growth.