Li Auto Inc. Stock Price, News & Analysis

Li Auto announced robust Q3 2021 results with total revenues of RMB7.78 billion (US$1.21 billion), a 209.7% year-over-year increase. Vehicle deliveries surged to 25,116, reflecting a 190.0% increase. Gross margin rose to 23.3% while gross profit reached RMB1.81 billion (US$281.2 million), marking a 264.8% increase. Operating cash flow also hit a record high at RMB2.17 billion (US$336.7 million). Despite a net loss of RMB21.5 million (US$3.3 million), the company anticipates fourth-quarter deliveries of 30,000 to 32,000 vehicles, with revenues projected between RMB8.82 billion and RMB9.41 billion.

Li Auto Inc. will announce its unaudited financial results for Q3 2021 on November 29, 2021, before U.S. market opens. Management will host an earnings conference call at 7:30 A.M. ET the same day. Participants are encouraged to register online in advance to receive access information. Li Auto specializes in new energy vehicles and aims to expand its product line with both BEVs and EREVs. The company’s innovative approach in the electric vehicle sector positions it as a key player in the market.

Li Auto Inc. announced the successful adoption of all proposed resolutions during its extraordinary general meeting held on November 16, 2021. The meeting focused on amending and restating the company's memorandum and articles of association. New mandates were granted to the directors, allowing them to issue additional Class A shares and repurchase company shares. As an innovator in China's new energy vehicle market, Li Auto is recognized for its premium smart electric vehicles, notably the Li ONE SUV.

Li Auto Inc. (Nasdaq: LI) reported a remarkable 107.2% year-over-year increase in deliveries, with 7,649 Li ONEs delivered in October 2021. The cumulative deliveries reached 96,516 units since November 2019. The company achieved the 100,000 production milestone in just 708 days, making it the fastest among emerging NEV manufacturers in China. Li Auto's order intake exceeded 14,500 units in October, and the company is working to restore millimeter wave radar supplies to improve delivery times.

Li Auto Inc. will hold an extraordinary general meeting (EGM) on November 16, 2021, at 11:00 a.m. Beijing time to discuss proposed resolutions. Shareholders of ordinary shares as of October 13, 2021, are eligible to vote. Class meetings for holders of Class A and Class B ordinary shares will also occur on the same date. The company emphasizes shareholder participation and supports the proposed resolutions. Additionally, Li Auto has filed its annual report for 2020 with the SEC, accessible on its website. Li Auto is a key player in China's new energy vehicle market.

Li Auto Inc. reported a significant increase in vehicle deliveries, with 7,094 Li ONEs delivered in September 2021, marking a 102.5% year-over-year growth. For Q3 2021, deliveries reached 25,116, a 190.0% increase compared to the same quarter in 2020. Cumulative deliveries for the first nine months of 2021 totaled 55,270, amounting to 88,867 since the vehicle's launch. However, the company noted that deliveries slowed due to a chip supply shortage. Li Auto operates 153 retail locations across 85 cities.

Li Auto Inc. announced a revised delivery outlook of approximately 24,500 vehicles for Q3 2021, down from the previous estimate of 25,000-26,000 units. The reduction is attributed to ongoing chip supply disruptions caused by the COVID-19 pandemic in Malaysia, which have slowed recovery from the chip shortage. The company is actively monitoring market conditions and collaborating with supply chain partners to mitigate these impacts.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported a record delivery of 9,433 Li ONEs in August 2021, a remarkable 248.0% increase year-over-year and a 9.8% rise month-over-month. Cumulative deliveries reached 81,773 since launch. The company operates 114 retail stores across 69 cities and has established 194 servicing centers in 143 cities. Li Auto specializes in new energy vehicles and aims to broaden its offerings beyond the current model.

Li Auto Inc. reported significant growth in its Q2 2021 financial results, with total revenues reaching RMB5.04 billion (US$780.4 million), a 40.9% increase quarter-over-quarter and 158.8% year-over-year. Deliveries of the Li ONE surged to 17,575 vehicles, up 166.1% from the prior year.

Despite a net loss of RMB235.5 million (US$36.5 million), down 34.6% from the last quarter, operating cash flow improved by 52.0% to RMB1.41 billion (US$218.0 million). The company also completed a global offering, raising US$1.5 billion for expansion and R&D efforts.