Li Auto Inc. Stock Price, News & Analysis

Li Auto announced that it delivered 11,531 vehicles in September 2022, reflecting a remarkable 62.5% year-over-year growth. The deliveries included 10,123 Li L9s, marking the model's success in the premium SUV market. Overall, their third-quarter deliveries totaled 26,524, up 5.6% year-over-year, contributing to a cumulative 211,015 vehicles delivered. The Company plans to start deliveries of the new Li L8 in November 2022, enhancing its innovation in the electric vehicle sector with a strong retail presence of 271 stores.

Li Auto Inc. has launched two new premium SUVs, the Li L8 and Li L7, aimed at family users. Both models feature advanced all-wheel drive extension systems with impressive ranges of 1,315 km (CLTC) and 1,100 km (WLTC). The Li L8 and L7 come with cutting-edge autonomous driving technology and luxurious interiors filled with over 100 features. Deliveries for the Li L9 exceeded 10,000 units in September. The Li L8 is priced between RMB 359,800 to RMB 399,800 while the Li L7 ranges from RMB 339,800 to RMB 379,800. Reservations are currently open, with deliveries starting in early November.

Li Auto Inc. has revised its delivery forecast for Q3 2022, now expecting to deliver approximately 25,500 vehicles, down from a prior estimate of 27,000 to 29,000 units. This adjustment is attributed to ongoing supply chain constraints, although demand for its vehicles remains strong. The company emphasizes its commitment to working with supply chain partners to resolve these issues and enhance production rates.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has announced the early launch of its family-oriented, six-seat smart SUV, the Li L8, scheduled for September 30, 2022. Priced below RMB400,000, deliveries will commence in early November, coinciding with China's National Day holiday. The decision to expedite the launch was influenced by strong market interest, as stated by co-founder Yanan Shen. Li Auto's L series will also include models like Li L9, Li L7, and Li L6, targeting various family needs in the growing electric vehicle market.

Li Auto announced the delivery of 4,571 vehicles in August 2022, bringing cumulative deliveries to 199,484. The company is launching its flagship smart SUV, Li L9, with positive initial feedback from users. Additionally, the anticipated Li L8, a large premium smart SUV, will begin deliveries in November. As of August 31, 2022, Li Auto operates 265 retail stores and 316 servicing centers across 226 cities, solidifying its presence in China's new energy vehicle market.

Li Auto Inc. reported a strong second quarter for 2022, with total revenues reaching RMB8.73 billion (US$1.30 billion), a 73.3% increase year-over-year. Vehicle deliveries were 28,687, marking a 63.2% rise from the previous year. Gross profit also saw a significant increase of 97.1% to RMB1.88 billion (US$280.4 million), despite a net loss of RMB641 million (US$95.7 million), which was 172.2% higher than last year. The company expects third-quarter deliveries to be between 27,000 and 29,000 vehicles, with projected revenues of RMB8.96 billion to RMB9.56 billion, indicating continued growth.

Li Auto Inc. will report its second quarter 2022 unaudited financial results on August 15, 2022, before the U.S. market opens. An earnings conference call will be held on the same day at 8:00 A.M. U.S. Eastern Time. The company, known for its leadership in China's new energy vehicle market, has successfully commercialized extended-range electric vehicles and expanded its model lineup, including the Li ONE and Li L9. Investors can access a replay of the conference call until August 22, 2022, via specified dial-in numbers.

Li Auto Inc. (Nasdaq: LI) reported a strong performance in July 2022, delivering 10,422 Li ONEs, marking a 21.3% year-over-year increase. Cumulative deliveries of the Li ONE have reached 194,913 since its launch in 2019. The company also celebrated the production of its 200,000th Li ONE in just 986 days, a record among emerging NEV manufacturers in China. Additionally, the Li L9, launched on June 21, has received over 50,000 orders, with 30,000 confirmed non-refundable orders. Li Auto currently operates 259 retail stores across 118 cities.

Li Auto Inc. reported delivering 13,024 Li ONEs in June 2022, marking a 68.9% year-over-year increase. In Q2 2022, deliveries totaled 28,687, up 63.2% year-over-year, bringing cumulative deliveries to 184,491. The Company launched the Li L9 on June 21, 2022, with over 30,000 orders by June 24, priced at RMB459,800. The Li L9 features advanced safety systems and impressive range capabilities, aiming to enhance family travel. By the end of June, the Company operated 247 retail stores across 113 cities.