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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 first quarter of 2022 with total revenues of RMB9.56 billion (US$1.51 billion), up 167.5% year-over-year, despite a 10% decline from Q4 2021. Vehicle deliveries surged to 31,716, a 152.1% increase from the prior year. Gross margin improved to 22.6%, reflecting a healthy vehicle margin of 22.4%. However, operating loss was RMB413.1 million, slightly worsening from RMB407.7 million year-over-year. Notably, the net loss was reduced to RMB10.9 million compared to RMB360 million in Q1 2021. The company anticipates vehicle deliveries for Q2 2022 to range between 21,000 and 24,000.
Li Auto Inc. (Nasdaq: LI) announced the delivery of 4,167 Li ONEs in April 2022, raising cumulative deliveries to 159,971 since 2019. However, the company faced significant disruptions due to the COVID-19 resurgence in the Yangtze Delta region, affecting supply chains and production capabilities. The Changzhou manufacturing base, where most suppliers are located, struggled with shutdowns, leading to delayed deliveries for some customers. Currently, Li Auto is working with partners to restore production capacity while adhering to pandemic protocols.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) will announce its unaudited financial results for Q1 2022 on May 10, 2022, before U.S. market opens. The earnings conference call will occur at 8:00 A.M. ET the same day. Interested participants can register online for access information. Following the call, a replay will be available until May 18, 2022. Li Auto, a leader in China's new energy vehicle market, is focused on developing premium smart electric vehicles, including the Li ONE SUV, first launched in 2019. The company is expanding its product line to include BEVs and EREVs.
Li Auto Inc. has been provisionally identified by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA). This designation indicates concerns regarding the ability of U.S. authorities to inspect its auditor's working papers. Li Auto has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, on April 19, 2022. The company is actively seeking solutions to safeguard stakeholder interests while continuing to comply with relevant regulations in both the U.S. and China.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 19, 2022. The report is available on the company's investor relations website. Shareholders and ADS holders can request a hard copy of the annual report, including audited consolidated financial statements, free of charge. Li Auto is a leader in China's new energy vehicle market, focusing on smart electric vehicles and expanding its product line.
Li Auto Inc. has published its 2021 Environmental, Social and Governance (ESG) report, showcasing its sustainability strategies and performance. The report highlights compliance, governance, product innovation, employee care, green operations, and community contributions. As a leader in China's new energy vehicle sector, Li Auto aims to set future ESG goals while continuing to innovate in smart electric vehicles and expanding its product line beyond its flagship model, Li ONE.
Li Auto Inc. reported impressive delivery numbers for March 2022, with 11,034 Li ONEs delivered, marking a 125.2% year-over-year increase. Cumulative deliveries reached 155,804 since the vehicle's launch in 2019. The company aims to unveil its flagship SUV, the L9, on April 16, featuring advanced technology and a fully self-developed range extension system. However, Li Auto's production has faced challenges due to supply chain disruptions linked to COVID-19 outbreaks in the Yangtze Delta region. As of March 31, the company operated 217 retail stores in 102 cities.
Li Auto Inc. (Nasdaq: LI; HKEX: 2015) announced that its Class A ordinary shares have been added to the Shenzhen-Hong Kong Stock Connect program effective March 14, 2022. This inclusion allows Li Auto to reach a wider investor base in mainland China. The Company is also a constituent of the Hang Seng Composite Index and the Hang Seng TECH Index. Li Auto, a leader in China's new energy vehicle market, focuses on smart electric vehicle innovation, including extended-range electric vehicles like the Li ONE, launched in 2019.
Li Auto Inc. reported a robust delivery performance with 8,414 Li ONEs delivered in February 2022, marking a 265.8% year-over-year increase. Cumulative deliveries have reached 144,770 since the vehicle's launch. Despite the success, the company faced challenges due to supply shortages from pandemic impacts and the Chinese New Year, affecting production. As of February 28, 2022, Li Auto operates 220 retail stores across 105 cities and has 279 servicing centers in 204 cities.
Li Auto Inc. reported significant growth in its fourth quarter and full-year results for 2021. Total revenues reached RMB10.62 billion (US$1.67 billion) in Q4, a 156.1% year-over-year increase, while full-year revenues totaled RMB27.01 billion (US$4.24 billion), marking a 185.6% increase. Vehicle deliveries rose 143.5% year-over-year to 35,221 in Q4, contributing to a yearly total of 90,491 vehicles. Gross margin improved to 22.4% in Q4, reflecting robust operational efficiency. The company also achieved a net income of RMB295.5 million (US$46.4 million) for Q4.
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