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. (LI) is an automobile manufacturer in China’s new energy vehicle market that regularly publishes detailed delivery and financial updates. Its news releases cover monthly and quarterly vehicle deliveries, cumulative deliveries, and changes in its network of retail stores, servicing centers, and super charging stations in China. These updates provide a view into how Li Auto’s premium smart electric vehicles are performing with family users in the NEV segment.
Investors following Li Auto news will find recurring announcements on unaudited quarterly financial results, including total revenues, vehicle sales, margins, operating expenses, and net income or loss. The company also issues news about product launches, such as its Li i6 and Li i8 battery electric SUVs, and developments related to its Li L series extended-range electric SUVs and flagship family MPV. These stories often highlight vehicle design, platform architecture, and the positioning of new models within China’s premium NEV market.
Li Auto’s news flow also features updates on smart and AI technologies, including the rollout of its VLA Driver large model, Li Xiang Tong Xue Agent, and major OTA software releases. The company reports on its expanding super charging network and its early steps in global expansion, such as opening overseas authorized retail stores and introducing models in markets like Central Asia. Earnings call announcements and board meeting notices appear in its press releases as well.
This LI news page aggregates those company-issued updates in one place, enabling readers to track delivery trends, product introductions, technology milestones, and strategic expansion moves over time.
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).
Li Auto Inc. will report its unaudited financial results for the first quarter of 2024 on May 20, 2024. The earnings conference call will be held on the same day. Li Auto is a key player in China's new energy vehicle market.