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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 announced its financial results for Q4 and FY 2022, achieving quarterly revenues of RMB17.65 billion (US$2.56 billion), a 66.2% increase YoY. Full-year revenues totaled RMB45.29 billion (US$6.57 billion), up 67.7%. Q4 vehicle deliveries reached 46,319 units, a 31.5% YoY increase, while full-year deliveries hit 133,246, up 47.2% from 90,491 in 2021. However, the company reported a loss from operations of RMB133.6 million in Q4 compared to profits last year, and a net loss of RMB2.03 billion for the year. For Q1 2023, the company forecasts deliveries between 52,000 to 55,000 vehicles, reflecting strong growth potential.
Li Auto Inc. will announce its unaudited financial results for Q4 and full year 2022 on February 27, 2023, before U.S. markets open. A conference call is scheduled for the same day at 7:00 A.M. ET (8:00 P.M. Beijing/Hong Kong Time). Participants are encouraged to register online for access information. A replay will be available until March 6, 2023. Li Auto is a prominent player in China's new energy vehicle market, focusing on smart electric vehicles with its extended-range electric vehicle technology. The company's product line includes models like the Li L9 and Li L7.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) launched the Li L7, a five-seat flagship family SUV, on February 8, 2023. The Li L7 offers a spacious interior designed for families with innovative features like a 'Queen's Seat' mode and a 'Double Bed Mode.' It provides exceptional range capabilities, with a CLTC range of 1,315 kilometers, and accelerates from 0 to 100 km/h in 5.3 seconds. Safety features include rear side airbags and a high safety rating. The model is available in three trims: Air, Pro, and Max, with prices ranging from RMB319,800 to RMB379,800. Reservations begin immediately, with test drives available starting February 9, and deliveries commencing in early April.
Li Auto Inc. reported delivering 15,141 vehicles in January 2023, marking a year-over-year increase of 23.4%. The total cumulative deliveries reached 272,475 by the end of January. The company maintained a leading position in China's full-size and large SUV markets throughout 2022, driven by successful models like Li L9, Li L8, and Li ONE. With 296 retail stores in 123 cities and plans to launch the new Li L7 SUV on February 8, 2023, Li Auto continues its commitment to meeting family needs in the premium SUV segment.
Li Auto delivered a record 21,233 vehicles in December 2022, marking a 50.7% increase year over year. Total deliveries for Q4 reached 46,319, a 31.5% rise, and 133,246 vehicles delivered in 2022, up 47.2%. The cumulative delivery count stands at 257,334. The Li L9 and Li L8 models each crossed the 10,000 delivery mark in December, reinforcing the company's market position in the RMB300,000 to RMB500,000 segment. As of December 31, 2022, Li Auto operates 288 retail stores and 318 service centers across 223 cities.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has announced that its December vehicle deliveries will exceed 20,000 units during the Auto Guangzhou 2022 event. The company will hold a dedicated launch event for its new five-seat flagship SUV, the Li L7, on February 8, 2023, with showroom models available on February 9, 2023. Additionally, the Li L9, Li L8 Max, and Li L8 Pro models are currently on display, highlighting Li Auto's commitment to innovation in China’s new energy vehicle market.
Li Auto reported third-quarter 2022 total revenues of RMB9.34 billion (US$1.31 billion), up 20.2% year-over-year, driven by a 22.5% increase in vehicle sales to RMB9.05 billion (US$1.27 billion). Deliveries reached 26,524 vehicles, a 5.6% rise from Q3 2021. However, gross profit fell 34.8% to RMB1.18 billion (US$166.2 million), with a gross margin of 12.7%, down from 23.3% a year earlier. The company posted a net loss of RMB1.65 billion (US$231.3 million), marking a 156.7% increase from Q2 2022. Li Auto anticipates Q4 deliveries between 45,000 and 48,000 vehicles.
Li Auto Inc. (Nasdaq: LI) announced the resignation of president Yanan Shen effective January 1, 2023, to focus on personal matters. He will support the company during this transition. Donghui Ma, previously chief engineer, has been promoted to president, while Yan Xie becomes chief technology officer. Li Auto expresses gratitude for Shen's contributions to its growth in the new energy vehicle market. Ma and Xie bring extensive experience from previous roles in the automotive and technology sectors, signaling a strategic leadership transition aimed at future development.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported record deliveries of 15,034 vehicles in November 2022, marking an 11.5% year-over-year increase. Cumulative deliveries reached 236,101 as of November 30, 2022. The Li L9 model has topped the full-size SUV sales in China for two consecutive months and achieved a G rating in safety tests. The company operates 276 retail stores in 119 cities and aims to solidify its market position in the RMB300,000 to RMB500,000 segment with successful models like Li L8 and Li L9.
Li Auto Inc. (Nasdaq: LI) announced it will report its unaudited Q3 2022 financial results on December 9, 2022, before U.S. market opens. Following the report, a conference call will take place at 7:00 A.M. U.S. Eastern Time. Interested participants are advised to register online to receive dial-in information. The call will also be accessible via a live and archived webcast on Li Auto's investor relations website. The company, a leader in China's new energy vehicle market, focuses on premium electric vehicles and has successfully commercialized extended-range EVs.
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