Welcome to our dedicated page for Li Auto news (Ticker: LI), a resource for investors and traders seeking the latest updates and insights on Li Auto stock.
Li Auto Inc. reports developments as a Chinese new energy vehicle manufacturer whose American depositary shares trade on Nasdaq under LI and whose Class A ordinary shares trade in Hong Kong under 2015. The company designs, develops, manufactures, and sells premium smart electric vehicles, with a product lineup spanning a flagship family MPV, Li L series extended-range electric SUVs, and Li i series battery electric SUVs.
Recurring Li Auto news covers monthly vehicle deliveries, model introductions, range-extension and battery-electric platforms, smart vehicle technologies, retail and service network updates, and charging infrastructure in China. Company updates also include quarterly and annual results, share repurchase activity, convertible senior note matters, annual general meeting materials, Form 20-F reporting, and ADR holder voting mechanics.
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.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) is set to release its unaudited financial results for Q2 2021 before U.S. markets open on August 30, 2021. The company will also conduct an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time. Participants must register online in advance to join the call. The conference call will be accessible via a live and archived webcast on the company's investor relations website. Li Auto, a leader in China’s new energy vehicle sector, manufactures and sells premium smart electric vehicles, highlighted by its flagship model, the Li ONE.
Li Auto Inc. (Nasdaq: LI, HKEX: 2015) has announced its successful public listing on the Main Board of the Stock Exchange of Hong Kong Limited (HKEX) as of August 13, 2021. The company achieved a milestone with 8,589 Li ONE deliveries in July 2021, marking a 251.3% increase year over year, and bringing total deliveries for 2021 to 38,743. Li Auto is also focused on launching its X platform for new electric SUVs in 2022 and 2023, alongside significant investments in High-power Charging BEV technologies.
Li Auto Inc. announced a global offering of 100 million Class A ordinary shares priced at HK$118.00 each, translating to US$30.36 per ADS. The offering, subject to Hong Kong Stock Exchange approval, is expected to close on August 12, 2021. The net proceeds, anticipated at HK$11.6 billion, will fund R&D for electric vehicle technologies, expand production capacity, and enhance marketing efforts. An over-allotment option for 15 million additional shares is also available. The offering's success will be pivotal for Li Auto's growth trajectory in the competitive NEV market.
Li Auto Inc. (Nasdaq: LI) has launched a Global Offering of 100 million Class A ordinary shares, consisting of a Hong Kong public offering and an international offering. The Hong Kong offering will start on August 3, 2021, and initially includes 10 million shares, with a maximum offer price of HK$150.00 per share. The proceeds will be utilized for R&D in electric vehicles, expansion of production, and other corporate purposes. Shares will be dual-listed on the Hong Kong Stock Exchange under stock code 2015, and will be fungible with ADSs on Nasdaq.
Li Auto Inc. (Nasdaq: LI) reported a new record of 8,589 vehicle deliveries for July 2021, marking an 11.4% month-over-month and 251.3% year-over-year increase. Total deliveries for the year reached 38,743, with cumulative deliveries of 72,340 since the launch of the Li ONE. The company plans to enhance its product offerings with major OTA upgrades and is expanding its retail and service network, now at 109 stores in 67 cities.
Li Auto Inc. (Nasdaq: LI) reported a significant surge in its vehicle deliveries for June 2021, achieving 7,713 units delivered—a 320.6% year-over-year increase and a 78.4% rise quarter-over-quarter. The company also set a record for new orders, exceeding 10,000 for the month. Total deliveries for Q2 reached an all-time high of 17,575, marking a 166.1% increase year-over-year. As of June 30, 2021, Li Auto operated 97 retail stores across 64 cities and 167 service centers, reinforcing its market presence in China's new energy vehicle sector.
Li Auto Inc. (Nasdaq: LI) announced a significant delivery milestone, reporting 4,323 Li ONEs delivered in May 2021, marking a 101.3% increase year-over-year. The 2021 Li ONE, launched on May 25, has received strong user feedback and record order inflow. With 83 retail stores and 147 service centers across China, the company expects second-quarter deliveries to exceed guidance despite ongoing semiconductor shortages, reflecting robust demand and expanding sales network.
Li Auto Inc. (Nasdaq: LI) reported Q1 2021 revenues of RMB3.58 billion (US$545.7 million), representing a 319.8% year-over-year growth but a 13.8% decrease from Q4 2020. Vehicle sales reached RMB3.46 billion (US$528.7 million), increasing 311.8% year-over-year and decreasing 14.6% quarter-over-quarter. Deliveries of Li ONE vehicles totaled 12,579, up 334.4% from Q1 2020. The gross margin was 17.3%, slightly down from 17.5% in Q4 2020. However, the net loss widened to RMB360 million (US$54.9 million) from a net loss of RMB77.1 million in Q1 2020. The company expects deliveries between 14,500 and 15,500 for Q2 2021.
Li Auto Inc. will report its first quarter 2021 financial results on May 26, 2021, before U.S. markets open. An earnings conference call will take place the same day at 8:00 A.M. ET. Participants can register online to join the call and will receive access information. The replay of the conference will be available until June 3, 2021. Li Auto, a leader in China’s new energy vehicle market, is known for its extended-range electric vehicles, with over 33,500 units of the Li ONE model delivered as of December 31, 2020.