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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) 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.
Li Auto Inc. (Nasdaq: LI) announced a significant delivery milestone, reporting 4,323 Li ONEs delivered in May 2021, marking a 101.3% increase year-over-year. The 2021 Li ONE, launched on May 25, has received strong user feedback and record order inflow. With 83 retail stores and 147 service centers across China, the company expects second-quarter deliveries to exceed guidance despite ongoing semiconductor shortages, reflecting robust demand and expanding sales network.
Li Auto Inc. (Nasdaq: LI) reported Q1 2021 revenues of RMB3.58 billion (US$545.7 million), representing a 319.8% year-over-year growth but a 13.8% decrease from Q4 2020. Vehicle sales reached RMB3.46 billion (US$528.7 million), increasing 311.8% year-over-year and decreasing 14.6% quarter-over-quarter. Deliveries of Li ONE vehicles totaled 12,579, up 334.4% from Q1 2020. The gross margin was 17.3%, slightly down from 17.5% in Q4 2020. However, the net loss widened to RMB360 million (US$54.9 million) from a net loss of RMB77.1 million in Q1 2020. The company expects deliveries between 14,500 and 15,500 for Q2 2021.
Li Auto Inc. will report its first quarter 2021 financial results on May 26, 2021, before U.S. markets open. An earnings conference call will take place the same day at 8:00 A.M. ET. Participants can register online to join the call and will receive access information. The replay of the conference will be available until June 3, 2021. Li Auto, a leader in China’s new energy vehicle market, is known for its extended-range electric vehicles, with over 33,500 units of the Li ONE model delivered as of December 31, 2020.
Li Auto Inc. reported a remarkable 111.3% year-over-year increase in deliveries, reaching 5,539 Li ONEs in April 2021 and a cumulative total of 51,715 since its launch. This achievement marks the fastest delivery milestone in the new energy vehicle industry, achieved in just 17 months. As of April 30, 2021, the company operates 73 retail stores and 143 servicing centers across 105 cities in China, aiming to enhance its market share through the introduction of new models and an expanded sales network.
Li Auto Inc. (Nasdaq: LI) announced the successful completion of a US$862.5 million offering of 0.25% convertible senior notes due 2028. This includes an additional US$112.5 million from the initial purchasers' option. The proceeds will be allocated towards R&D for new vehicle models, leading technologies, and general corporate purposes. The notes are only available to qualified institutional buyers and certain non-U.S. persons.
Li Auto Inc. announced a US$750 million convertible senior notes offering due 2028. The notes will have a 0.25% annual interest rate, maturing on May 1, 2028, and an initial conversion rate of 35.2818 ADSs per US$1,000. The net proceeds, estimated at US$733.9 million, will fund research, development of new models, and working capital. The offering targets qualified institutional buyers under Rule 144A and certain non-U.S. persons. The expected closing date is around April 12, 2021.
Li Auto Inc. (Nasdaq: LI) has announced a proposed offering of up to US$750 million in convertible senior notes due 2028, pending market conditions. An additional US$112.5 million may be purchased by initial investors. The notes will be unsecured and convertible under specific conditions starting November 1, 2027. Proceeds will be used for R&D of new vehicle models, technology advancements, and working capital. Notably, the offering is not registered under U.S. securities laws and will require caution for investors.
Li Auto Inc. reported a significant surge in vehicle deliveries, with 4,900 Li ONEs delivered in March 2021, a 238.6% increase year-over-year. Total deliveries for Q1 2021 reached 12,579, up 334.4% from the previous year. The company aims to expand its retail and servicing network, currently featuring 65 stores in 49 cities and 135 servicing centers across 98 cities. Li Auto is focused on enhancing its product line with future electric vehicle models while continuing to innovate in the new energy vehicle sector.
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