Li Auto Inc. Stock Price, News & Analysis

Li Auto Inc. (Nasdaq: LI) announced the results of the safety evaluation for its vehicle, Li ONE, conducted by the China Insurance Automotive Safety Index (C-IASI). Li ONE achieved a G rating, the highest safety score, in three out of four categories: occupant safety, pedestrian safety, and assistance safety. It received an M rating for crashworthiness and repair economy, marking it as one of the top performers among premium SUVs. The Company emphasizes its commitment to safety by increasing investments in research and development for better vehicle quality and safety.

Li Auto Inc. (Nasdaq: LI) reported delivering 6,126 Li ONEs in December 2020, a 31.9% month-over-month and 529.6% year-over-year increase. The fourth quarter deliveries totaled 14,464, exceeding guidance by 20.5% and up 67.0% from Q3. Cumulative deliveries surpassed 30,000 as of December 18, 2020, a record for new energy vehicle manufacturers. The company also grew its retail presence to 52 stores across 41 cities and plans to enhance its sales and servicing network.

Li Auto Inc. (Nasdaq: LI) announced a follow-on offering of 47 million American depositary shares (ADSs) priced at $29.00 each, totaling approximately $1.37 billion. The underwriters have a 30-day option to purchase an additional 7.05 million ADSs. This offering is expected to close on December 8, 2020. Proceeds will support R&D for next-gen electric vehicle technologies, a new BEV platform, and autonomous driving solutions. Goldman Sachs, UBS, and China International Capital Corporation are the joint bookrunners for this offering.

Li Auto Inc. (Nasdaq: LI) plans to conduct a public offering of 47 million American depositary shares, each representing two Class A ordinary shares, with a 30-day option for underwriters to purchase an additional 7.05 million ADSs. The funds will support R&D in electric vehicle technologies, next-generation platforms, and autonomous driving solutions. The offering will be managed by Goldman Sachs, UBS, and China International Capital Corporation. A preliminary prospectus is available on Li Auto's website.

Li Auto Inc. (Nasdaq: LI) announced a successful November 2020, delivering 4,646 Li ONE vehicles, contributing to over 5,000 units produced and an increase in new orders. This performance reflects the Company's continuing growth in China's new energy vehicle market. As of November 30, 2020, Li Auto expanded its presence with 45 retail stores in 38 cities and 97 servicing centers across 72 cities. The company aims to enhance its direct sales and servicing network, reinforcing its commitment to customer demand and operational efficiency.

Li Auto Inc. reported its Q3 2020 financial results with total revenues of RMB2.51 billion (US$369.8 million), a 28.9% increase from Q2 2020. Vehicle deliveries reached 8,660, marking a 31.1% quarter-over-quarter increase. Gross profit rose to RMB496.8 million (US$73.2 million), up 91.3% from the previous quarter. Despite this, the net loss expanded to RMB106.9 million (US$15.7 million), a 42.2% increase from Q2. The company expects 11,000 to 12,000 vehicle deliveries in Q4 2020, reflecting continued growth.

Li Auto Inc. (Nasdaq: LI) announced a voluntary recall for 10,469 Li ONE vehicles produced before June 1, 2020, to replace the front suspension control arm ball joint. This action, effective November 7, 2020, aligns with PRC State Administration for Market Regulation requirements. Vehicles manufactured after June 1, 2020, already have the upgraded part. The replacement process is expected to be completed within three months, reflecting Li Auto’s commitment to user safety and service quality.

Li Auto Inc. (Nasdaq: LI) reported delivering 3,692 Li ONE vehicles in October 2020, marking a consistent increase from September. The company achieved a record number of orders, showcasing strong demand for its electric SUVs. As of October 31, 2020, Li Auto operates 41 retail stores across 36 cities in China and aims to enhance its market presence through a robust sales and service network. Year-to-date deliveries totaled 21,852 units, indicating significant growth.

Li Auto Inc. (Nasdaq: LI) has announced it will report its unaudited financial results for Q3 2020 before market opens on November 13, 2020. A conference call will be held at 8:00 A.M. EST on the same day, with registration required to participate. The company is recognized for its innovative approach in China's new energy vehicle market, focusing on premium smart electric SUVs and extended-range electric vehicles. Li Auto began production of its first model, Li ONE, in November 2019, and plans to expand its product line.