Intense competition continues in the electric vehicle (EV) market.One Chinese electric vehicle (EV) maker has differentiated itself from the crowd. It has grown by selling extended-range electric vehicles (EREVs) that utilize a small onboard gasoline engine to boost vehicle range. But Li Auto (LI -16.68%) also just came out with its first pure electric model earlier this year.Investors were hoping the fully electric Li Mega would help boost sales beginning in the second quarter. But Li's second-quarter earn ...

Li Auto Inc. (NASDAQ:LI) Q2 2024 Earnings Call Transcript August 28, 2024 8:00 AM ET Company Participants Janet Chang - IR Director Xiang Li - Chairman and CEO Johnny Tie Li - CFO James Liangjun Zou - SVP Conference Call Participants Tim Hsiao - Morgan Stanley Ben Wang - Deutsche Bank Tina Hou - Goldman Sachs Xu Yingbo - CITIC Securities Paul Gong - UBS Yuqian Ding - HSBC Jin Zhong - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for Li Auto's Second Quarter 2024 Earnings Conference Ca ...

Li Auto Inc. Announces Unaudited Second Quarter 2024 Financial Results Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1 Quarterly deliveries reached 108,581 vehicles BEIJING, China, August 28, 2024 — Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 • Total deliveries for the second quarter ...

Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1Quarterly deliveries reached 108,581 vehicles BEIJING, China, Aug. 28, 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 its unaudited financial results for the quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Total deliveries for the second quarter of 2024 were 108,581 vehicles, representing a 25.5% year- ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Li Auto Inc. Sponsored ADR (LI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Li Auto currently has an average brokerage reco ...

In the latest market close, Li Auto Inc. Sponsored ADR (LI) reached $21.35, with a +1.04% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.89%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 1.67%.The the stock of company has risen by 12.15% in the past month, leading the Auto-Tires-Trucks sector's loss of 7.27% and the S&P 500's gain of 2.17%.Analysts and investors alike will be keeping a close eye on the ...

Robert Way The Chinese Extended Range EV (EREV) and battery electric vehicle (BEV) maker Li Auto Inc. (NASDAQ:LI) is set to report Q2 earnings on August 28, before the market opens. This came after last quarter, both top-line and bottom-line results disappointed, and Li Auto announced to lay off approx. 18% of its workforce. In addition, forecasts in January were expecting 800,000 deliveries for 2024, which got slashed to a new target of 640,000 to 560,000 vehicles in March. Things got worse however at the ...

Visitors are looking at the 2024 Li Auto MEGA electric car at the 21st Changchun International ... [+] Automobile Expo in Changchun, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesThings appear to be getting better in the Chinese luxury electric vehicle market. Li Auto , which is the largest of the emerging EV players in China, delivered 51,000 vehicles for July 2024, an increase of 49.4% versus last year. Deliveries for the seven months from January through J ...

Bloomberg's forecast for increased "cash for clunkers" subsidies lifted the country's EV sector today. Shares of Chinese electric vehicle maker Li Auto (LI 4.07%) rallied as much as 5.1% on Monday, before reverting to a 4.1% gain as of 1:49 p.m. ET. Though there wasn't much company-specific news, today saw a new report from Bloomberg New Energy Finance suggesting China may materially increase subsidies for its "cash for clunkers" program. That has the potential to spur more new EV sales in China this year, ...

BEIJING, China, Aug. 15, 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 will report its unaudited financial results for the second quarter of 2024 before the U.S. market opens on Wednesday, August 28, 2024. The Company’s management will hold an earnings conference call on Wednesday, August 28, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For partic ...