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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 Inc. (Nasdaq: LI; HKEX: 2015) announced the resignation of Chief Technology Officer Kai Wang for personal reasons. Donghui Ma, the Chief Engineer, will take over his responsibilities in research and development. Wang will remain as a senior advisor until December 31, 2022, to ensure a smooth transition. Founder and CEO Xiang Li expressed gratitude for Wang's contributions to Li Auto. The company focuses on the development of premium smart electric vehicles, including the Li ONE, and aims to expand its product line with new vehicles targeting a wider consumer base.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) will announce its unaudited financial results for Q4 and full year 2021 before U.S. markets open on February 25, 2022. The company's management will host an earnings conference call at 7:30 A.M. U.S. Eastern Time on the same day. Participants need to register online at least 20 minutes before the call. A replay will be available until March 6, 2022. Li Auto focuses on premium smart electric vehicles, aiming to innovate in product and technology, with plans to expand its offerings beyond the Li ONE model.
Li Auto Inc. reported a record delivery of 12,268 Li ONEs in January 2022, marking a substantial 128.1% year-over-year increase. Cumulative deliveries have reached 136,356 units since the vehicle's launch. The company emphasizes its strong presence in China’s premium vehicle market, achieving over 10,000 deliveries for three consecutive months. Li ONE was recognized for excellence in Autonomous Emergency Braking tests, showcasing Li Auto's advancements in ADAS technology. As of January 31, 2022, Li Auto operates 220 retail stores across 105 cities.
Li Auto Inc. reported impressive growth in December 2021, delivering 14,087 Li ONE vehicles, a 130.0% increase year-over-year. This brought total fourth-quarter deliveries to 35,221, marking a 40.2% increase quarter-over-quarter and a 143.5% rise year-over-year. For the entire year, deliveries reached 90,491, up 177.4%. The company has 206 retail stores across 102 cities and launched an OTA 3.0 update for enhanced user experience.
Li Auto Inc. (Nasdaq: LI) reported a remarkable 190.2% year-over-year increase in Li ONE deliveries, with 13,485 units delivered in November 2021, setting a new monthly record. Total deliveries for the year-to-date reached 76,404, bringing cumulative deliveries to 110,001. The company aims to continue delivering high-quality electric vehicles and has expanded its retail presence to 174 stores in 93 cities. Li Auto, a leader in China's new energy vehicle market, remains focused on innovation and expanding its product portfolio.
Li Auto announced robust Q3 2021 results with total revenues of RMB7.78 billion (US$1.21 billion), a 209.7% year-over-year increase. Vehicle deliveries surged to 25,116, reflecting a 190.0% increase. Gross margin rose to 23.3% while gross profit reached RMB1.81 billion (US$281.2 million), marking a 264.8% increase. Operating cash flow also hit a record high at RMB2.17 billion (US$336.7 million). Despite a net loss of RMB21.5 million (US$3.3 million), the company anticipates fourth-quarter deliveries of 30,000 to 32,000 vehicles, with revenues projected between RMB8.82 billion and RMB9.41 billion.
Li Auto Inc. will announce its unaudited financial results for Q3 2021 on November 29, 2021, before U.S. market opens. Management will host an earnings conference call at 7:30 A.M. ET the same day. Participants are encouraged to register online in advance to receive access information. Li Auto specializes in new energy vehicles and aims to expand its product line with both BEVs and EREVs. The company’s innovative approach in the electric vehicle sector positions it as a key player in the market.
Li Auto Inc. announced the successful adoption of all proposed resolutions during its extraordinary general meeting held on November 16, 2021. The meeting focused on amending and restating the company's memorandum and articles of association. New mandates were granted to the directors, allowing them to issue additional Class A shares and repurchase company shares. As an innovator in China's new energy vehicle market, Li Auto is recognized for its premium smart electric vehicles, notably the Li ONE SUV.
Li Auto Inc. (Nasdaq: LI) reported a remarkable 107.2% year-over-year increase in deliveries, with 7,649 Li ONEs delivered in October 2021. The cumulative deliveries reached 96,516 units since November 2019. The company achieved the 100,000 production milestone in just 708 days, making it the fastest among emerging NEV manufacturers in China. Li Auto's order intake exceeded 14,500 units in October, and the company is working to restore millimeter wave radar supplies to improve delivery times.
Li Auto Inc. will hold an extraordinary general meeting (EGM) on November 16, 2021, at 11:00 a.m. Beijing time to discuss proposed resolutions. Shareholders of ordinary shares as of October 13, 2021, are eligible to vote. Class meetings for holders of Class A and Class B ordinary shares will also occur on the same date. The company emphasizes shareholder participation and supports the proposed resolutions. Additionally, Li Auto has filed its annual report for 2020 with the SEC, accessible on its website. Li Auto is a key player in China's new energy vehicle market.
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