Li Auto Inc. Stock Price, News & Analysis

Li Auto Inc. reported a remarkable 111.3% year-over-year increase in deliveries, reaching 5,539 Li ONEs in April 2021 and a cumulative total of 51,715 since its launch. This achievement marks the fastest delivery milestone in the new energy vehicle industry, achieved in just 17 months. As of April 30, 2021, the company operates 73 retail stores and 143 servicing centers across 105 cities in China, aiming to enhance its market share through the introduction of new models and an expanded sales network.

Li Auto Inc. (Nasdaq: LI) announced the successful completion of a US$862.5 million offering of 0.25% convertible senior notes due 2028. This includes an additional US$112.5 million from the initial purchasers' option. The proceeds will be allocated towards R&D for new vehicle models, leading technologies, and general corporate purposes. The notes are only available to qualified institutional buyers and certain non-U.S. persons.

Li Auto Inc. announced a US$750 million convertible senior notes offering due 2028. The notes will have a 0.25% annual interest rate, maturing on May 1, 2028, and an initial conversion rate of 35.2818 ADSs per US$1,000. The net proceeds, estimated at US$733.9 million, will fund research, development of new models, and working capital. The offering targets qualified institutional buyers under Rule 144A and certain non-U.S. persons. The expected closing date is around April 12, 2021.

Li Auto Inc. (Nasdaq: LI) has announced a proposed offering of up to US$750 million in convertible senior notes due 2028, pending market conditions. An additional US$112.5 million may be purchased by initial investors. The notes will be unsecured and convertible under specific conditions starting November 1, 2027. Proceeds will be used for R&D of new vehicle models, technology advancements, and working capital. Notably, the offering is not registered under U.S. securities laws and will require caution for investors.

Li Auto Inc. reported a significant surge in vehicle deliveries, with 4,900 Li ONEs delivered in March 2021, a 238.6% increase year-over-year. Total deliveries for Q1 2021 reached 12,579, up 334.4% from the previous year. The company aims to expand its retail and servicing network, currently featuring 65 stores in 49 cities and 135 servicing centers across 98 cities. Li Auto is focused on enhancing its product line with future electric vehicle models while continuing to innovate in the new energy vehicle sector.

Li Auto Inc. (Nasdaq: LI) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on March 10, 2021. This report provides audited consolidated financial statements, which shareholders can request free of charge. As a leader in China’s new energy vehicle market, Li Auto focuses on producing premium smart electric SUVs, notably the Li ONE, launched in November 2019. The company aims to expand its product line to cater to a wider consumer base.

Li Auto Inc. has announced the adoption of a 2021 Share Incentive Plan, allowing for the issuance of up to 108,557,400 Class B ordinary shares. The plan includes options granted to CEO Xiang Li at an exercise price of US$14.63 per share, linked to vehicle delivery targets. The first tranche vests after exceeding 500,000 deliveries in 12 months, with subsequent tranches based on higher delivery milestones. In 2020, Li Auto delivered 32,624 vehicles, showing early success in the smart electric vehicle sector.

Li Auto Inc. (Nasdaq: LI) reported strong delivery figures for February 2021, with 2,300 units of the Li ONE delivered, marking a 755.0% year-over-year increase and bringing total cumulative deliveries to 41,276. The company attributed its February performance to seasonal factors and localized COVID-19 outbreaks, yet remains optimistic about future growth due to its expanding sales network, now totaling 60 retail stores and 125 servicing centers across 90 cities. Li Auto continues to focus on expanding its product line and enhancing its market presence.

Li Auto Inc. (Nasdaq: LI) reported robust financial results for Q4 and FY 2020, with total revenues of RMB4.15 billion (US$635.5 million) in Q4, a 65.2% increase from Q3. The company delivered 14,464 vehicles in Q4, marking a 67.0% quarter-over-quarter rise. Full-year revenues reached RMB9.46 billion (US$1.45 billion) with gross margins at 16.4%. Operating cash flow nearly doubled to RMB1.82 billion (US$279.1 million) in Q4. January 2021 deliveries reached 5,379 vehicles, a 355.8% year-over-year increase. Li Auto has also launched new R&D initiatives to further enhance its EV technologies.