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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. reported a strong second quarter for 2022, with total revenues reaching RMB8.73 billion (US$1.30 billion), a 73.3% increase year-over-year. Vehicle deliveries were 28,687, marking a 63.2% rise from the previous year. Gross profit also saw a significant increase of 97.1% to RMB1.88 billion (US$280.4 million), despite a net loss of RMB641 million (US$95.7 million), which was 172.2% higher than last year. The company expects third-quarter deliveries to be between 27,000 and 29,000 vehicles, with projected revenues of RMB8.96 billion to RMB9.56 billion, indicating continued growth.
Li Auto Inc. will report its second quarter 2022 unaudited financial results on August 15, 2022, before the U.S. market opens. An earnings conference call will be held on the same day at 8:00 A.M. U.S. Eastern Time. The company, known for its leadership in China's new energy vehicle market, has successfully commercialized extended-range electric vehicles and expanded its model lineup, including the Li ONE and Li L9. Investors can access a replay of the conference call until August 22, 2022, via specified dial-in numbers.
Li Auto Inc. (Nasdaq: LI) reported a strong performance in July 2022, delivering 10,422 Li ONEs, marking a 21.3% year-over-year increase. Cumulative deliveries of the Li ONE have reached 194,913 since its launch in 2019. The company also celebrated the production of its 200,000th Li ONE in just 986 days, a record among emerging NEV manufacturers in China. Additionally, the Li L9, launched on June 21, has received over 50,000 orders, with 30,000 confirmed non-refundable orders. Li Auto currently operates 259 retail stores across 118 cities.
Li Auto Inc. reported delivering 13,024 Li ONEs in June 2022, marking a 68.9% year-over-year increase. In Q2 2022, deliveries totaled 28,687, up 63.2% year-over-year, bringing cumulative deliveries to 184,491. The Company launched the Li L9 on June 21, 2022, with over 30,000 orders by June 24, priced at RMB459,800. The Li L9 features advanced safety systems and impressive range capabilities, aiming to enhance family travel. By the end of June, the Company operated 247 retail stores across 113 cities.
Li Auto Inc. has announced a prospectus to sell up to $2 billion of American depositary shares (ADSs), each representing two Class A ordinary shares, through an at-the-market equity offering on the Nasdaq Global Select Market. The offering will be managed by Goldman Sachs, UBS, Barclays Capital, and China International Capital Corporation. Proceeds will be used for R&D in electric vehicle technologies, future platform development, and working capital. The offering is made under an existing shelf registration statement effective since August 2021.
Li Auto Inc. reported significant demand for its flagship SUV, the Li L9, with over 30,000 orders placed within 72 hours of availability for reservation. Each order requires a refundable deposit of RMB5,000, indicating strong product appeal among family users. This surge in orders reflects Li Auto's position as a leader in China's new energy vehicle market, emphasizing its commitment to designing premium smart electric vehicles. The company, known for its innovations in range extension technology and electric vehicle solutions, continues to expand its product lineup.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has launched its flagship smart SUV, the Li L9, designed specifically for families. This six-seat SUV boasts a maximum range of 1,315 kilometers (CLTC) and features advanced safety measures, including the self-developed autonomous driving system, Li AD Max. The Li L9 will be available for test drives from July 16, 2022, and deliveries are set to begin by the end of August 2022. Li Auto also plans to open-source its AEB system to enhance autonomous driving safety across the industry.
Li Auto Inc. (Nasdaq: LI) will unveil its flagship smart SUV, the Li L9, on June 21, 2022, at 8:00 A.M. U.S. Eastern Time. The launch event will be livestreamed on the Company's website, with an English-subtitled replay available afterward. Li Auto is a leader in China's new energy vehicle market, focusing on premium smart electric vehicles and innovative technologies. The Company aims to enhance user experience through proprietary range extension systems and smart vehicle solutions, having started volume production in November 2019.
Li Auto Inc. (Nasdaq: LI) reported significant growth in vehicle deliveries, with 11,496 Li ONEs delivered in May 2022, marking a 165.9% year-over-year increase. Cumulative deliveries since the model's launch in 2019 have reached 171,467. However, ongoing parts supply shortages due to production disruptions in the Yangtze Delta have impacted manufacturing levels, leading to delays in deliveries. As of May 31, 2022, Li Auto operates 233 retail stores across 108 cities and plans to improve production capacity while adhering to pandemic precautions.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, held its annual general meeting on May 17, 2022, in Beijing. All proposed resolutions were approved, including the re-election of directors Zheng Fan, Hongqiang Zhao, Zhenyu Jiang, and Xing Xiao. The shareholders also granted a general mandate for the issuance of Class A ordinary shares and for share buybacks. Li Auto continues to focus on its mission to create premium smart electric vehicles and expand its product line, emphasizing its proprietary range extension technology.
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