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. (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.
Li Auto Inc. announced delivering 25,787 vehicles in April 2024, showing a 0.4% year-over-year increase. The total deliveries reached 739,551 by the end of April. The company introduced Li L6, its first model under RMB300,000, which gained popularity. Li Auto will offer complimentary charging services during the May Day holiday and launch OTA version 5.2 enhancing autonomous driving features. The company is focused on user value and product improvement.
Li Auto Inc. has completed its put right offer for its 0.25% Convertible Senior Notes due 2028. The offer expired on April 29, 2024, with no Notes surrendered for repurchase. US$862,500,000 aggregate principal amount of the Notes will remain outstanding.
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