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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. reported a significant increase in vehicle deliveries, with 7,094 Li ONEs delivered in September 2021, marking a 102.5% year-over-year growth. For Q3 2021, deliveries reached 25,116, a 190.0% increase compared to the same quarter in 2020. Cumulative deliveries for the first nine months of 2021 totaled 55,270, amounting to 88,867 since the vehicle's launch. However, the company noted that deliveries slowed due to a chip supply shortage. Li Auto operates 153 retail locations across 85 cities.
Li Auto Inc. announced a revised delivery outlook of approximately 24,500 vehicles for Q3 2021, down from the previous estimate of 25,000-26,000 units. The reduction is attributed to ongoing chip supply disruptions caused by the COVID-19 pandemic in Malaysia, which have slowed recovery from the chip shortage. The company is actively monitoring market conditions and collaborating with supply chain partners to mitigate these impacts.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported a record delivery of 9,433 Li ONEs in August 2021, a remarkable 248.0% increase year-over-year and a 9.8% rise month-over-month. Cumulative deliveries reached 81,773 since launch. The company operates 114 retail stores across 69 cities and has established 194 servicing centers in 143 cities. Li Auto specializes in new energy vehicles and aims to broaden its offerings beyond the current model.
Li Auto Inc. reported significant growth in its Q2 2021 financial results, with total revenues reaching RMB5.04 billion (US$780.4 million), a 40.9% increase quarter-over-quarter and 158.8% year-over-year. Deliveries of the Li ONE surged to 17,575 vehicles, up 166.1% from the prior year.
Despite a net loss of RMB235.5 million (US$36.5 million), down 34.6% from the last quarter, operating cash flow improved by 52.0% to RMB1.41 billion (US$218.0 million). The company also completed a global offering, raising US$1.5 billion for expansion and R&D efforts.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) is set to release its unaudited financial results for Q2 2021 before U.S. markets open on August 30, 2021. The company will also conduct an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time. Participants must register online in advance to join the call. The conference call will be accessible via a live and archived webcast on the company's investor relations website. Li Auto, a leader in China’s new energy vehicle sector, manufactures and sells premium smart electric vehicles, highlighted by its flagship model, the Li ONE.
Li Auto Inc. (Nasdaq: LI, HKEX: 2015) has announced its successful public listing on the Main Board of the Stock Exchange of Hong Kong Limited (HKEX) as of August 13, 2021. The company achieved a milestone with 8,589 Li ONE deliveries in July 2021, marking a 251.3% increase year over year, and bringing total deliveries for 2021 to 38,743. Li Auto is also focused on launching its X platform for new electric SUVs in 2022 and 2023, alongside significant investments in High-power Charging BEV technologies.
Li Auto Inc. announced a global offering of 100 million Class A ordinary shares priced at HK$118.00 each, translating to US$30.36 per ADS. The offering, subject to Hong Kong Stock Exchange approval, is expected to close on August 12, 2021. The net proceeds, anticipated at HK$11.6 billion, will fund R&D for electric vehicle technologies, expand production capacity, and enhance marketing efforts. An over-allotment option for 15 million additional shares is also available. The offering's success will be pivotal for Li Auto's growth trajectory in the competitive NEV market.
Li Auto Inc. (Nasdaq: LI) has launched a Global Offering of 100 million Class A ordinary shares, consisting of a Hong Kong public offering and an international offering. The Hong Kong offering will start on August 3, 2021, and initially includes 10 million shares, with a maximum offer price of HK$150.00 per share. The proceeds will be utilized for R&D in electric vehicles, expansion of production, and other corporate purposes. Shares will be dual-listed on the Hong Kong Stock Exchange under stock code 2015, and will be fungible with ADSs on Nasdaq.
Li Auto Inc. (Nasdaq: LI) reported a new record of 8,589 vehicle deliveries for July 2021, marking an 11.4% month-over-month and 251.3% year-over-year increase. Total deliveries for the year reached 38,743, with cumulative deliveries of 72,340 since the launch of the Li ONE. The company plans to enhance its product offerings with major OTA upgrades and is expanding its retail and service network, now at 109 stores in 67 cities.
Li Auto Inc. (Nasdaq: LI) reported a significant surge in its vehicle deliveries for June 2021, achieving 7,713 units delivered—a 320.6% year-over-year increase and a 78.4% rise quarter-over-quarter. The company also set a record for new orders, exceeding 10,000 for the month. Total deliveries for Q2 reached an all-time high of 17,575, marking a 166.1% increase year-over-year. As of June 30, 2021, Li Auto operated 97 retail stores across 64 cities and 167 service centers, reinforcing its market presence in China's new energy vehicle sector.
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