Welcome to our dedicated page for Li Auto American Depositary Shares news (Ticker: LI), a resource for investors and traders seeking the latest updates and insights on Li Auto American Depositary Shares stock.
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 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.
Li Auto Inc. reported its Q3 2020 financial results with total revenues of RMB2.51 billion (US$369.8 million), a 28.9% increase from Q2 2020. Vehicle deliveries reached 8,660, marking a 31.1% quarter-over-quarter increase. Gross profit rose to RMB496.8 million (US$73.2 million), up 91.3% from the previous quarter. Despite this, the net loss expanded to RMB106.9 million (US$15.7 million), a 42.2% increase from Q2. The company expects 11,000 to 12,000 vehicle deliveries in Q4 2020, reflecting continued growth.
Li Auto Inc. (Nasdaq: LI) announced a voluntary recall for 10,469 Li ONE vehicles produced before June 1, 2020, to replace the front suspension control arm ball joint. This action, effective November 7, 2020, aligns with PRC State Administration for Market Regulation requirements. Vehicles manufactured after June 1, 2020, already have the upgraded part. The replacement process is expected to be completed within three months, reflecting Li Auto’s commitment to user safety and service quality.
Li Auto Inc. (Nasdaq: LI) reported delivering 3,692 Li ONE vehicles in October 2020, marking a consistent increase from September. The company achieved a record number of orders, showcasing strong demand for its electric SUVs. As of October 31, 2020, Li Auto operates 41 retail stores across 36 cities in China and aims to enhance its market presence through a robust sales and service network. Year-to-date deliveries totaled 21,852 units, indicating significant growth.
Li Auto Inc. (Nasdaq: LI) has announced it will report its unaudited financial results for Q3 2020 before market opens on November 13, 2020. A conference call will be held at 8:00 A.M. EST on the same day, with registration required to participate. The company is recognized for its innovative approach in China's new energy vehicle market, focusing on premium smart electric SUVs and extended-range electric vehicles. Li Auto began production of its first model, Li ONE, in November 2019, and plans to expand its product line.
Li Auto Inc. (Nasdaq: LI) appointed Mr. Zheng Fan as an independent director on October 22, 2020. Mr. Fan will serve on the audit, compensation, and nominating committees. This addition brings the Board to six members, including Xiang Li and Yanan Shen. Mr. Fan has a background as vice president of Autohome Inc. (NYSE: ATHM) and co-founder of PCPOP.COM, offering valuable experience to Li Auto. The company, known for its innovation in China's new energy vehicle market, aims to expand its premium smart electric SUV product line following the successful launch of its Li ONE model.
FAQ
What is the current stock price of Li Auto American Depositary Shares (LI)?
What is the market cap of Li Auto American Depositary Shares (LI)?
What is Li Auto Inc.?
When was Li Auto Inc. founded?
What is the Li One?
Where are Li Auto Inc.'s headquarters?
What was Li Auto's NEV sales figure in 2023?
What types of vehicles does Li Auto produce?
Where are Li Auto's manufacturing facilities located?
What recent financial highlights has Li Auto reported?
How can investors get more information about Li Auto?
What market share did Li Auto capture in China's passenger NEV market in 2023?
