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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 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.
Li Auto reported third-quarter 2022 total revenues of RMB9.34 billion (US$1.31 billion), up 20.2% year-over-year, driven by a 22.5% increase in vehicle sales to RMB9.05 billion (US$1.27 billion). Deliveries reached 26,524 vehicles, a 5.6% rise from Q3 2021. However, gross profit fell 34.8% to RMB1.18 billion (US$166.2 million), with a gross margin of 12.7%, down from 23.3% a year earlier. The company posted a net loss of RMB1.65 billion (US$231.3 million), marking a 156.7% increase from Q2 2022. Li Auto anticipates Q4 deliveries between 45,000 and 48,000 vehicles.
Li Auto Inc. (Nasdaq: LI) announced the resignation of president Yanan Shen effective January 1, 2023, to focus on personal matters. He will support the company during this transition. Donghui Ma, previously chief engineer, has been promoted to president, while Yan Xie becomes chief technology officer. Li Auto expresses gratitude for Shen's contributions to its growth in the new energy vehicle market. Ma and Xie bring extensive experience from previous roles in the automotive and technology sectors, signaling a strategic leadership transition aimed at future development.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) reported record deliveries of 15,034 vehicles in November 2022, marking an 11.5% year-over-year increase. Cumulative deliveries reached 236,101 as of November 30, 2022. The Li L9 model has topped the full-size SUV sales in China for two consecutive months and achieved a G rating in safety tests. The company operates 276 retail stores in 119 cities and aims to solidify its market position in the RMB300,000 to RMB500,000 segment with successful models like Li L8 and Li L9.
Li Auto Inc. (Nasdaq: LI) announced it will report its unaudited Q3 2022 financial results on December 9, 2022, before U.S. market opens. Following the report, a conference call will take place at 7:00 A.M. U.S. Eastern Time. Interested participants are advised to register online to receive dial-in information. The call will also be accessible via a live and archived webcast on Li Auto's investor relations website. The company, a leader in China's new energy vehicle market, focuses on premium electric vehicles and has successfully commercialized extended-range EVs.
Li Auto Inc. announced the delivery of 10,052 vehicles in October 2022, marking a 31.4% year-over-year increase. Cumulative deliveries reached 221,067 by month-end. Co-founder Yanan Shen highlighted positive feedback for the newly launched Li L8, with expectations for strong order growth. The Li L9 also maintained robust orders and high user satisfaction. As of October 31, 2022, Li Auto operated 274 retail stores across 119 cities and had a network of 317 servicing centers, underscoring its market expansion.
Li Auto announced that it delivered 11,531 vehicles in September 2022, reflecting a remarkable 62.5% year-over-year growth. The deliveries included 10,123 Li L9s, marking the model's success in the premium SUV market. Overall, their third-quarter deliveries totaled 26,524, up 5.6% year-over-year, contributing to a cumulative 211,015 vehicles delivered. The Company plans to start deliveries of the new Li L8 in November 2022, enhancing its innovation in the electric vehicle sector with a strong retail presence of 271 stores.
Li Auto Inc. has launched two new premium SUVs, the Li L8 and Li L7, aimed at family users. Both models feature advanced all-wheel drive extension systems with impressive ranges of 1,315 km (CLTC) and 1,100 km (WLTC). The Li L8 and L7 come with cutting-edge autonomous driving technology and luxurious interiors filled with over 100 features. Deliveries for the Li L9 exceeded 10,000 units in September. The Li L8 is priced between RMB 359,800 to RMB 399,800 while the Li L7 ranges from RMB 339,800 to RMB 379,800. Reservations are currently open, with deliveries starting in early November.
Li Auto Inc. has revised its delivery forecast for Q3 2022, now expecting to deliver approximately 25,500 vehicles, down from a prior estimate of 27,000 to 29,000 units. This adjustment is attributed to ongoing supply chain constraints, although demand for its vehicles remains strong. The company emphasizes its commitment to working with supply chain partners to resolve these issues and enhance production rates.
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