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Li Auto Inc. (LI) delivers premium smart electric vehicles in China through innovative range extender technology. This dedicated news hub provides investors and industry observers with official updates directly from the company.
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Li Auto reported strong Q3 2024 financial results with total revenues reaching RMB42.9 billion (US$6.1 billion), up 23.6% year-over-year. The company delivered 152,831 vehicles in Q3, representing a 45.4% increase from the previous year. Vehicle margin was 20.9%, and gross margin stood at 21.5%. Net income reached RMB2.8 billion (US$401.9 million). The company achieved a significant milestone of one million cumulative vehicle deliveries in October 2024. For Q4 2024, Li Auto expects deliveries between 160,000-170,000 vehicles and revenues between RMB43.2-45.9 billion.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, has announced that it will report its unaudited financial results for the third quarter of 2024 before the U.S. market opens on Thursday, October 31, 2024. The Company's management will hold an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time.
Participants can join the call by completing online registration using the provided link. Upon registration, they will receive conference call access information, including dial-in numbers, passcode, and a unique access PIN. A replay of the conference call will be accessible through November 7, 2024. Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website.
Li Auto Inc. reported 53,709 vehicle deliveries in September 2024, a 48.9% year-over-year increase. The company's third-quarter deliveries reached 152,831, up 45.4% year-over-year. Total deliveries for 2024 stood at 341,812, with cumulative deliveries reaching 975,176.
Li Auto has captured over 17% market share in the RMB200,000 and above NEV segment, ranking first among Chinese automotive brands. The company is set to reach the one millionth vehicle milestone in October, marking a significant achievement in the intelligent transformation of NEVs.
As of September 30, 2024, Li Auto had 479 retail stores in 145 cities, 436 servicing centers in 221 cities, and 894 super charging stations with 4,286 charging stalls across China.
Li Auto Inc. announced its unaudited second quarter 2024 financial results. Quarterly revenues were RMB31.7 billion (US$4.4 billion), a 23.6% increase from Q1 2024 and 10.6% from Q2 2023. Vehicle sales totaled RMB30.3 billion (US$4.2 billion), up 25.0% from Q1 2024 and 8.4% year-over-year. The company delivered 108,581 vehicles, marking a 25.5% year-over-year increase.
Gross profit was RMB6.2 billion (US$850 million), a 16.9% rise from Q1 2024, but a 0.9% decline year-over-year. Net income stood at RMB1.1 billion (US$151.5 million), down by 52.3% year-over-year but an 86.2% increase from Q1 2024. Non-GAAP net income was RMB1.5 billion (US$206.8 million), down 44.9% year-over-year and up 17.8% from Q1 2024.
Free cash flow was negative RMB1.9 billion (US$254.9 million), compared to RMB9.6 billion in Q2 2023 and negative RMB5.1 billion in Q1 2024. Li Auto expects Q3 2024 vehicle deliveries to range between 145,000 and 155,000, with projected revenues between RMB39.4 billion and RMB42.2 billion.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, has announced it will report its unaudited financial results for the second quarter of 2024 on August 28, 2024, before the U.S. market opens. The company will hold an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time.
Participants can join the call by completing online registration and will receive dial-in numbers, passcode, and a unique access PIN. A replay of the conference call will be available until September 4, 2024. Additionally, a live and archived webcast of the call will be accessible on the company's investor relations website.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported record-breaking deliveries of 51,000 vehicles in July 2024, marking a 49.4% year-over-year increase. The company's total deliveries for 2024 reached 239,981, with cumulative deliveries hitting 873,345 vehicles. The Li L6 model continued its strong performance, consistently delivering over 20,000 units monthly. Li Auto introduced significant upgrades through OTA versions 6.0 and 6.1, enhancing autonomous driving, smart space, and electric features across its product line.
The company's autonomous driving technology gained increased user interest following their Summer Launch Event. NOA test drives nearly doubled, and orders for Li AD Max models with NOA functionality grew substantially. Li Auto also began rolling out its new autonomous driving technology architecture to about 1,000 test users. As of July 31, 2024, Li Auto operated 487 retail stores in 146 cities, 411 servicing centers in 220 cities, and 701 super charging stations with 3,260 charging stalls across China.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015), a prominent player in China's new energy vehicle (NEV) market, announced its delivery update for June 2024.
The company delivered 47,774 vehicles in June, marking a 46.7% increase year-over-year. For Q2 2024, the total deliveries reached 108,581, reflecting a 25.5% year-over-year growth. As of June 30, 2024, Li Auto's cumulative deliveries amounted to 822,345 vehicles, securing its position as the leading emerging NEV brand in China.
CEO Xiang Li attributed the success to the new model Li L6 and improved store efficiency. Additionally, in early July, Li Auto plans to launch its NOA system independent of high-definition maps for all Li AD Max users nationwide.
As of June 30, 2024, Li Auto operated 497 retail stores in 148 cities, 421 servicing centers, and 614 supercharging stations across China.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported a 23.8% year-over-year increase in vehicle deliveries for May 2024, totaling 35,020 units. The company has now achieved cumulative deliveries of 774,571 vehicles. Since its launch on April 24, 2024, 15,000 units of the Li L6 have been delivered, marking a record pace. Sales of the Li L7, Li L8, and Li L9 models are also gaining momentum due to new pricing strategies. Li Auto's market share in the RMB200,000+ NEV segment grew to 13.5% from January to April, consolidating its leading position among Chinese auto brands. The company operates 487 retail stores, 374 service centers, 214 authorized body shops, and 426 supercharging stations across China.
Li Auto Inc., a prominent player in China's new energy vehicle market, held its annual general meeting (AGM) in Beijing on May 31, 2024. During the meeting, all proposed resolutions outlined in the AGM notice dated April 23, 2024, were approved by shareholders. Key outcomes include the re-election of directors Xing Wang and Zhenyu Jiang, and the granting of mandates to the directors for issuing and repurchasing Class A ordinary shares. These authorizations empower the company to manage its share capital effectively.
Li Auto Inc. reported its unaudited Q1 2024 financial results, highlighting a total revenue of RMB25.6 billion (US$3.6 billion) and deliveries of 80,400 vehicles, which marks a 52.9% YoY increase. Vehicle sales reached RMB24.3 billion (US$3.4 billion), up 32.3% YoY but down 39.9% QoQ. The vehicle margin was 19.3%, slightly lower than the previous year's 19.8%. Gross profit was RMB5.3 billion (US$731.9 million), up 38% YoY but down 46% QoQ. Operating expenses rose by 71.4% YoY to RMB5.9 billion, leading to a loss from operations of RMB584.9 million (US$81.0 million). Net income stood at RMB591.1 million (US$81.9 million), a 36.7% decline YoY. Non-GAAP net income was RMB1.3 billion (US$176.8 million). The company expects Q2 2024 deliveries between 105,000 and 110,000 vehicles, with total revenues between RMB29.9 billion (US$4.1 billion) and RMB31.4 billion (US$4.3 billion).
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