Li Auto Inc. American Depositary Shares - LI STOCK NEWS

Li Auto Inc., a leader in China's new energy vehicle market, unveiled its autonomous driving and BEV roadmap at the 20th Shanghai International Automobile Industry Exhibition on April 18, 2023. The company is set to initiate beta testing for its full-stack self-developed Li AD Max 3.0 in Q2 2023, aiming for rollout in 100 cities by year-end. In addition, Li Auto introduced an 800-volt fast charging solution, allowing for 400 kilometers of range with just a 10-minute charge. The firm is partnering with CATL to produce the world's first mass-produced BEV with Qilin batteries. By the end of 2023, Li Auto plans to establish over 300 charging stations and expand to 3,000 by 2025, enhancing its fast charging network.

Li Auto Inc. announced a significant milestone in March 2023, delivering 20,823 vehicles, marking an 88.7% year-over-year increase. The company's first quarter deliveries totaled 52,584 vehicles, reflecting a 65.8% growth year over year, with cumulative deliveries reaching 309,918 units. Chairman Xiang Li highlighted the success of the Li L7 SUV, noting high customer satisfaction and a 20% market share in the RMB300,000 to RMB500,000 SUV segment. Li Auto operates 299 retail stores and 318 servicing centers across 123 cities in China.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported delivering 16,620 vehicles in February 2023, marking a 97.5% year-over-year increase. The total cumulative deliveries reached 289,095 vehicles by the month's end. The company launched the Li L7, a five-seat flagship SUV, on February 8, which aims to enhance its position in the competitive RMB300,000 to RMB400,000 market segment. Additionally, the Li L9 has led the full-size SUV sales in China for five consecutive months. As of February 28, Li Auto operates 298 retail stores and 317 servicing centers across 122 cities.

Li Auto announced its financial results for Q4 and FY 2022, achieving quarterly revenues of RMB17.65 billion (US$2.56 billion), a 66.2% increase YoY. Full-year revenues totaled RMB45.29 billion (US$6.57 billion), up 67.7%. Q4 vehicle deliveries reached 46,319 units, a 31.5% YoY increase, while full-year deliveries hit 133,246, up 47.2% from 90,491 in 2021. However, the company reported a loss from operations of RMB133.6 million in Q4 compared to profits last year, and a net loss of RMB2.03 billion for the year. For Q1 2023, the company forecasts deliveries between 52,000 to 55,000 vehicles, reflecting strong growth potential.

Li Auto Inc. will announce its unaudited financial results for Q4 and full year 2022 on February 27, 2023, before U.S. markets open. A conference call is scheduled for the same day at 7:00 A.M. ET (8:00 P.M. Beijing/Hong Kong Time). Participants are encouraged to register online for access information. A replay will be available until March 6, 2023. Li Auto is a prominent player in China's new energy vehicle market, focusing on smart electric vehicles with its extended-range electric vehicle technology. The company's product line includes models like the Li L9 and Li L7.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) launched the Li L7, a five-seat flagship family SUV, on February 8, 2023. The Li L7 offers a spacious interior designed for families with innovative features like a 'Queen's Seat' mode and a 'Double Bed Mode.' It provides exceptional range capabilities, with a CLTC range of 1,315 kilometers, and accelerates from 0 to 100 km/h in 5.3 seconds. Safety features include rear side airbags and a high safety rating. The model is available in three trims: Air, Pro, and Max, with prices ranging from RMB319,800 to RMB379,800. Reservations begin immediately, with test drives available starting February 9, and deliveries commencing in early April.

Li Auto Inc. reported delivering 15,141 vehicles in January 2023, marking a year-over-year increase of 23.4%. The total cumulative deliveries reached 272,475 by the end of January. The company maintained a leading position in China's full-size and large SUV markets throughout 2022, driven by successful models like Li L9, Li L8, and Li ONE. With 296 retail stores in 123 cities and plans to launch the new Li L7 SUV on February 8, 2023, Li Auto continues its commitment to meeting family needs in the premium SUV segment.

Li Auto delivered a record 21,233 vehicles in December 2022, marking a 50.7% increase year over year. Total deliveries for Q4 reached 46,319, a 31.5% rise, and 133,246 vehicles delivered in 2022, up 47.2%. The cumulative delivery count stands at 257,334. The Li L9 and Li L8 models each crossed the 10,000 delivery mark in December, reinforcing the company's market position in the RMB300,000 to RMB500,000 segment. As of December 31, 2022, Li Auto operates 288 retail stores and 318 service centers across 223 cities.

Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has announced that its December vehicle deliveries will exceed 20,000 units during the Auto Guangzhou 2022 event. The company will hold a dedicated launch event for its new five-seat flagship SUV, the Li L7, on February 8, 2023, with showroom models available on February 9, 2023. Additionally, the Li L9, Li L8 Max, and Li L8 Pro models are currently on display, highlighting Li Auto's commitment to innovation in China’s new energy vehicle market.