jozzeppe/iStock Editorial via Getty Images Li Auto (NASDAQ:LI) delivered better than expected Q2’24 earnings at the end of August and reported strong delivery growth. The EV maker, also, unfortunately, reported a decline in vehicle margins quarter-over-quarter, a sign that the EV market remains highly competitive, especially for start-ups. Despite the Q/Q margin drop-off, Li Auto has still by far the highest vehicle margin in the EV start-up industry group and convinces with a strong outlook for third q ...

CHANGCHUN, CHINA - JULY 17, 2024 - Visitors look at the 2024 Li Auto MEGA electric car at the 21st ... [+] Changchun International Automobile Expo in Changchun, Jilin province, China, July 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO/Future Publishing via Getty ImagesLi Auto, the largest of the emerging EV players in China, delivered 48,122 vehicles for July 2024 - an increase of 38% percent year-over-year, although they were down by 5.6% versus July. Deliveries for the ...

Just months ago, Chinese electric vehicle (EV) manufacturer Li Auto Inc. NASDAQ: LI stood out among competitors like Xpeng Inc. NYSE: XPEV and Nio Inc. NYSE: NIO as a rare profitable maker of new energy vehicles with a stock price that reflected its dominance at over $46 per share in late February. Its leadership in the premium SUV space and focus on production and marketing efficiency with a small number of models contributed to the longevity of Li's share price success, even as rival EV maker stocks floun ...

BEIJING, China, Sept. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 48,122 vehicles in August 2024, an increase of 37.8% year over year. This brought the Company’s total deliveries in 2024 to 288,103. As of August 31, 2024, its cumulative deliveries reached 921,467 vehicles. “Li L6 has gained widespread popularity among young users, with deliveries exceeding 20,000 for the thir ...

公司研究 2Q24 业绩披露，静待 3Q24E 业绩改善 ——理想汽车（LI.O）跟踪报告 要点 增持（维持） 2Q24 业绩披露：2Q24 理想总收入同比+10.6%/环比+23.6%至 316.8 亿元，毛 利率同比-2.3pcts/环比-1.1pcts 至 19.5%，Non-GAAP 归母净利润同比-44.5%/ 环比+17.8%至 15.1 亿元。毛利率同环比下降主要由于产品结构/价格体系调整， Non-GAAP 归母净利润表现环比改善主要受益于规模效应+内部降本。 毛利率回落，3Q24E 有望爬坡改善：1）2Q24 汽车收入同比+8.4%/环比+25.0% 至 303.2 亿元（ASP 同比-13.6%/环比-7.4%至 27.9 万元）；汽车业务毛利率同 比-2.3pcts/环比-0.6pcts 至 18.7%。2）2Q24 公司研发费用率同比+1.1pcts/环 比-2.3pcts 至 9.6%，SG&A 费用率同比+0.8pcts/环比-2.7pcts 至 8.9%。3）2Q24 Non-GAAP 单车盈利同比-55.8%/环比-12.8%至 1.4 万元（Non-GAAP 净利润率 4.7 ...

29 Aug 2024 CMB International Global Markets | Equity Research | Company Update Li Auto Inc. (LI US) Proven resilience gives us confidence in BEVs Li Auto's 2Q24 operating expenses beat our forecast and such cost control could extend into 2H24. We are of the view that Li Auto has made a comeback on sales volume with resilient pricing and margins. Although some investors may wait for more details of its new BEVs, we think it could be oversold now. 2Q24 beat on tightened operating expenses. Li Auto's revenue ...

Several positive analyst notes trumpeted the buy case for the company.Wednesday's sputtering jalopy of an electric vehicle (EV) stock, Li Auto (LI 10.62%), was a race car tearing down the track on Thursday. The Chinese company's American depositary receipts (ADRs) rose 10.6% across the trading session not because of any fresh news from the company, but rather on the back of new bullish analyst takes. That share price increase was well higher than the 0.1% rise of the S&P 500 index.A quick bounce-backLi Auto ...

Li Auto Inc. (LI) reported second-quarter 2024 adjusted earnings per ADS of 20 cents, down from 36 cents reported in the year-ago quarter. Rising costs and price reductions due to higher competition amid falling EV demand resulted in a year-over-year decline. The China-based EV maker generated total revenues of $4.36 billion, up from $3.95 billion reported in the year-ago quarter on higher year-over-year vehicle deliveries. It sold 108,581 units, up from 86,533 in the second quarter of 2023.The company repo ...

Sentiment on the sector wasn't helped by the latest developments in Asia.Not so long ago, electric vehicle (EV) stocks were the assets that could do no wrong. Despite the very many hiccups and challenges associated with the industry, EVs were the future of human mobility. In recent months, though, there's been growing skepticism about this. The novelty of the not-so-new-anymore technology has worn off, and negative news from some top manufacturers has turned off both consumers and stock investors.So, it doe ...

Key TakeawaysLi Auto's earnings sank as the Chinese electric vehicle maker faced higher costs and tougher competition because of a drop in EV demand.The company explained that it faced intense competition in the second quarter.Li Auto's expenses rose as it ramped up production of its new Li L6 SUV. American depositary receipts (ADRs) of Li Auto (LI) cratered Wednesday after the Chinese electric vehicle (EV) manufacturer's profit sank on higher costs and price cuts as slumping EV demand increased competition ...