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Li Auto Inc., founded by Li Xiang in 2015, is a prominent player in the electric vehicle market in China. Headquartered in Beijing with manufacturing facilities in Changzhou, Li Auto specializes in the development and production of premium smart NEVs (New Energy Vehicles), focusing specifically on electric vehicles that utilize range extenders for power supply.
In November 2019, Li Auto commenced volume production of its first model, the Li One, a large premium plug-in electric SUV with a six-seater configuration. The Li One is equipped with a sophisticated range extension system and advanced smart vehicle solutions, making it a popular choice among consumers. By 2023, Li Auto had sold over 376,000 NEVs, capturing approximately 4% of China's passenger new energy vehicle market.
Li Auto is not limited to the Li One model; the company is actively expanding its product line to include both Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs), aiming to cater to a broader range of consumer needs. This strategic diversification underscores Li Auto's commitment to innovation and market leadership in the premium NEV segment.
The company's recent achievements and current projects highlight its dynamic presence in the automotive industry. For instance, Li Auto has recently launched new models and continuously updates its existing lineup to incorporate the latest technological advancements. Moreover, Li Auto's strategic partnerships and collaborations further bolster its market position, driving growth and enhancing its competitive edge.
Financially, Li Auto has demonstrated robust performance. The company's recent financial highlights for the first quarter of 2024 reveal key metrics such as revenue, cost of sales, gross margin, operating expenses, and net income. These financial results reflect Li Auto's operational efficiency and market demand for its innovative products.
For investors and stakeholders, Li Auto Inc. represents a compelling opportunity in the rapidly evolving electric vehicle market. With a strong foundation, strategic vision, and commitment to excellence, Li Auto is well-positioned to continue its growth trajectory and make significant strides in the NEV industry.
Li Auto delivered 48,740 vehicles in November 2024, representing an 18.8% year-over-year increase. The company's total deliveries for 2024 reached 441,995 units, with cumulative deliveries hitting 1,075,359. Li Auto maintained leadership among Chinese brands in the RMB200,000+ passenger vehicle segment for eight consecutive months. The Li L6 model surpassed 160,000 cumulative deliveries. Vehicles with Li AD Max autonomous driving technology represented over 70% of orders for models above RMB300,000 and over 80% for those above RMB400,000. The company's infrastructure includes 475 retail stores, 451 service centers, and 1,135 super charging stations with 5,680 charging stalls across China.
Allink Biotherapeutics has secured a $42 million Series A financing led by Lanchi Ventures, with participation from Yuanbio Venture Capital, Legend Capital, C&D Emerging Industry Equity Investment, and existing investors. The funding will support the global clinical development of lead candidates ALK201 and ALK202 through Phase 1 studies across Australia, the United States, and China. The company focuses on developing next-generation bispecific antibody and antibody-drug conjugate (ADC) therapeutics for oncology and immunology applications. The proceeds will also fund portfolio expansion, technology platform development, and global footprint growth.
Li Auto delivered 51,443 vehicles in October 2024, representing a 27.3% year-over-year increase. The company's total deliveries for 2024 reached 393,255 vehicles, with cumulative deliveries surpassing 1 million units. Li Auto maintained its position as sales champion in the RMB200,000+ NEV market for seven consecutive months. The company expanded its infrastructure to 475 retail stores across 144 cities, 444 servicing centers in 223 cities, and 1,004 super charging stations with 4,910 charging stalls. Additionally, Li Auto launched a new autonomous driving architecture featuring E2E and VLM models for Li AD Max users.
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.
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