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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) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on March 10, 2021. This report provides audited consolidated financial statements, which shareholders can request free of charge. As a leader in China’s new energy vehicle market, Li Auto focuses on producing premium smart electric SUVs, notably the Li ONE, launched in November 2019. The company aims to expand its product line to cater to a wider consumer base.
Li Auto Inc. has announced the adoption of a 2021 Share Incentive Plan, allowing for the issuance of up to 108,557,400 Class B ordinary shares. The plan includes options granted to CEO Xiang Li at an exercise price of US$14.63 per share, linked to vehicle delivery targets. The first tranche vests after exceeding 500,000 deliveries in 12 months, with subsequent tranches based on higher delivery milestones. In 2020, Li Auto delivered 32,624 vehicles, showing early success in the smart electric vehicle sector.
Li Auto Inc. (Nasdaq: LI) reported strong delivery figures for February 2021, with 2,300 units of the Li ONE delivered, marking a 755.0% year-over-year increase and bringing total cumulative deliveries to 41,276. The company attributed its February performance to seasonal factors and localized COVID-19 outbreaks, yet remains optimistic about future growth due to its expanding sales network, now totaling 60 retail stores and 125 servicing centers across 90 cities. Li Auto continues to focus on expanding its product line and enhancing its market presence.
Li Auto Inc. (Nasdaq: LI) reported robust financial results for Q4 and FY 2020, with total revenues of RMB4.15 billion (US$635.5 million) in Q4, a 65.2% increase from Q3. The company delivered 14,464 vehicles in Q4, marking a 67.0% quarter-over-quarter rise. Full-year revenues reached RMB9.46 billion (US$1.45 billion) with gross margins at 16.4%. Operating cash flow nearly doubled to RMB1.82 billion (US$279.1 million) in Q4. January 2021 deliveries reached 5,379 vehicles, a 355.8% year-over-year increase. Li Auto has also launched new R&D initiatives to further enhance its EV technologies.
Li Auto Inc. (Nasdaq: LI) announced it will release its unaudited financial results for Q4 and the full year 2020 on February 25, 2021, before U.S. market opening. A conference call will be held the same day at 7:30 A.M. ET. Participants can register online to receive access information. A replay of the call will be available until March 5, 2021. Li Auto, an innovator in China's new energy vehicle market, focuses on premium smart electric SUVs, having successfully launched its first model, Li ONE, in November 2019.
Li Auto Inc. (Nasdaq: LI) announced the results of the safety evaluation for its vehicle, Li ONE, conducted by the China Insurance Automotive Safety Index (C-IASI). Li ONE achieved a G rating, the highest safety score, in three out of four categories: occupant safety, pedestrian safety, and assistance safety. It received an M rating for crashworthiness and repair economy, marking it as one of the top performers among premium SUVs. The Company emphasizes its commitment to safety by increasing investments in research and development for better vehicle quality and safety.
Li Auto Inc. (Nasdaq: LI) reported delivering 6,126 Li ONEs in December 2020, a 31.9% month-over-month and 529.6% year-over-year increase. The fourth quarter deliveries totaled 14,464, exceeding guidance by 20.5% and up 67.0% from Q3. Cumulative deliveries surpassed 30,000 as of December 18, 2020, a record for new energy vehicle manufacturers. The company also grew its retail presence to 52 stores across 41 cities and plans to enhance its sales and servicing network.
Li Auto Inc. (Nasdaq: LI) announced a follow-on offering of 47 million American depositary shares (ADSs) priced at $29.00 each, totaling approximately $1.37 billion. The underwriters have a 30-day option to purchase an additional 7.05 million ADSs. This offering is expected to close on December 8, 2020. Proceeds will support R&D for next-gen electric vehicle technologies, a new BEV platform, and autonomous driving solutions. Goldman Sachs, UBS, and China International Capital Corporation are the joint bookrunners for this offering.
Li Auto Inc. (Nasdaq: LI) plans to conduct a public offering of 47 million American depositary shares, each representing two Class A ordinary shares, with a 30-day option for underwriters to purchase an additional 7.05 million ADSs. The funds will support R&D in electric vehicle technologies, next-generation platforms, and autonomous driving solutions. The offering will be managed by Goldman Sachs, UBS, and China International Capital Corporation. A preliminary prospectus is available on Li Auto's website.
Li Auto Inc. (Nasdaq: LI) announced a successful November 2020, delivering 4,646 Li ONE vehicles, contributing to over 5,000 units produced and an increase in new orders. This performance reflects the Company's continuing growth in China's new energy vehicle market. As of November 30, 2020, Li Auto expanded its presence with 45 retail stores in 38 cities and 97 servicing centers across 72 cities. The company aims to enhance its direct sales and servicing network, reinforcing its commitment to customer demand and operational efficiency.
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