Core Insights - XPeng's first-quarter 2024 results showed significant improvement, leading to a 6% increase in stock price, while Li Auto's stock declined due to profit decreases and model delays [1][2][9] - XPeng aims for a Level 4 autonomous driving experience by 2025 and plans to launch a mass-market EV priced under 200,000 yuan ($27,630) [1] - Li Auto faced challenges with insufficient fast-charging infrastructure, leading to the postponement of three electric SUV models to next year [2] Q1 Key Metrics - Deliveries: XPeng sold 21,821 vehicles (up 20%), while Li Auto's deliveries increased 53% to 80,400 units [3] - Revenues: XPeng's revenues reached $906.9 million (up 62.3% YoY), with vehicle sales at $767.9 million (up 58% YoY). Li Auto's revenues rose 36.4% to $3.6 billion, with vehicle sales at $3.4 billion (up 32.3% YoY) [3] - Vehicle Margin: XPeng's vehicle margin improved to 5.5% from negative 2.5% YoY, while Li Auto's margin decreased to 19.3% from 19.8% YoY [3] Operating Expenses and Earnings - Operating Expenses: XPeng's R&D and SG&A costs rose 4.2% and 0.1% YoY, while Li Auto's R&D and SG&A costs surged 64.6% and 81% YoY, respectively [4] - Earnings: Li Auto's net income fell 37% YoY to approximately $82 million, while XPeng's net loss narrowed by 41.4% YoY to $190 million [4] Q2 Outlook - XPeng expects deliveries between 29,000-32,000 units (up 25-37.9% YoY) and revenues of RMB 7.5-8.3 billion (up 48.1-63.9% YoY) [5] - Li Auto projects second-quarter deliveries of 105,000-110,000 units (up 21.3-27.1% YoY) and revenues of RMB 29.9-31.4 billion (up 4.2-9.4% YoY) [5] Financials - As of March 31, XPeng had cash/cash equivalents of $2 billion and long-term borrowings of $752.5 million. Li Auto's cash and cash equivalents were 11.8 billion with long-term borrowings of $249 million [6] - Li Auto's long-term debt-to-capitalization stands at 12.6%, lower than XPeng's 23% [6] EPS & Sales Estimates - Li Auto's 2024 sales estimate implies 32% YoY growth, with EPS projected at $1.50 (down 6.9% YoY). XPeng's consensus estimate suggests a loss of $1.25 per share, improving from a loss of $1.68 in 2023, with sales expected to increase by 63% [7] Stock Performance & Valuation - Year-to-date, XPeng and Li Auto shares have decreased by 40% and 44%, respectively, compared to the industry's growth of 3.8% [8] - Li Auto trades at a forward sales multiple of 0.86, below its five-year median of 2.59 but above the industry's 0.68. XPeng's forward sales multiple is 0.93 [8] Conclusion - XPeng's advancements in autonomous driving and positive second-quarter outlook position it favorably, while Li Auto's delays and financial challenges have affected investor confidence despite strong delivery growth [9]

NEW YORK, May 21, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Li Auto Inc. (NASDAQ: LI) between February 26, 2024 and March 20, 2024, both dates inclusive (the "Class Period"), of the important July 9, 2024 lead plaintiff deadline.SO WHAT: If you purchased Li Auto securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To ...

Li Auto's sales fell 39% sequentially last quarter. The company's explanation for that raises more questions than it answers.Investors in Chinese automaker Li Auto (LI -3.74%) are having a rough month of May. After reporting a decline in sales Monday, which sent its shares tumbling double digits, the company announced Tuesday that it will delay releasing new all-electric SUV models until 2025. Shares of Li Auto stock reacted poorly to the news, falling 3.6% through 10 a.m. ET.That makes six straight days of ...

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Li Auto Inc. (NASDAQ: LI).Shareholders who purchased shares of LI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/li-auto-inc-loss-submission-form/?id=80735&from=4 CLASS PERIOD: February 26, 2024 to March 20, 20 ...

M N 21 May 2024 CMB International Global Markets | Equity Research | Company Update Li Auto Inc. (LI US) Is the Mega lesson worthwhile? Target Price US$26.00 We are of the view that Li Auto has lowered priority for its FY24E profitability (Previous TP US$48.00) and the sell-off after the 1Q24 earnings call has largely priced in such Up/Downside 19.8% management mentality. We believe the key lies in its new BEV strategy, EREV Current Price US$21.71 sales recovery in 2H24 and FY25 sales growth with BEVs being ...

2024 年 5 月 21 日 CMB 国际全球市场 | 股票研究 | 公司更新 Li Auto Inc. (LI US) 大教训值得吗 ？ 目标价 26.00 美元 我们认为 ， 在第 1 季度的收益电话会议在很大程度上反映了这种管理层的心态之后 ， Li (先前 TP 为 48.00 美元) Auto 降低了 FY24E 盈利能力和抛售的优先级。我们认为 ， 关键在于其新的 BEV 战略 ， 涨 / 跌 19.8% EREV 在 2H24 的销售复苏以及 BEV 被推迟的 FY25 销售增长。  第 24 季度 GP 上线 ； 研发和 SG & A 拖累 NP 。Li Auto 的 1Q24 收入比我们先前的预 现价 21.71 美元中国汽车 测高出约 3 ％ ， 这主要是由于其其他销售和服务。 GP 比我们的预期高出 1 ％ 。另一 Ji Shi, CFA 方面 ， 研发和 SG ＆ A 合计超出了我们的预期 16 亿元人民币。因此 ， 1Q24 NP 比我 (852) 3761 8728 们的预期低约 14 亿元人民币。  2Q24 和 FY24E 展望。管理层预计第二季度将面临挑战，并将车辆毛利 ...

Li Auto Inc. (NASDAQ:LI) Q1 2024 Results Conference Call May 20, 2024 8:00 AM ET Company Participants Janet Chang - Director of Investor Relations Xiang Li - Chairman and CEO Johnny Tie Li - CFO Donghui Ma - President James Liangjun Zou - Senior Vice President Conference Call Participants Bin Wang - Deutsche Bank Tim Hsiao - Morgan Stanley Tina Hou - Goldman Sachs Yingbo Xu - CITIC Paul Gong - UBS Yuqian Ding - HSBC Ming Hsun Lee - Bank of America Operator Hello, ladies and gentlemen. Thank you for standing ...

At less than 5 times trailing free cash flow, Li Auto stock looks like a buy.Three months ago, Chinese electric-vehicle (EV) company Li Auto (LI -14.66%) announced powerful fourth-quarter earnings, but with a caveat: Management warned that a sales slump was coming in the 2024 first quarter.Now it's time for that first-quarter report, and the news is not good. Earnings came in at just $0.17 per share, half of what Wall Street expected. Quarterly sales of $3.55 billion similarly missed consensus targets of $3 ...

KEY TAKEAWAYSChinese EV manufacturer Li Auto posted a 36% year-over-year drop in first-quarter profit as it lowered car prices.The company said its profit attributable to shareholders was 592.6 million yuan ($82.0 million, well below analysts' forecasts.However, revenue was up by 36% at CNY25.63 billion, including a 32% jump in vehicle sales to CNY24.3 billion. American depositary receipts (ADRs) of Li Auto (LI) are down 14% in intraday trading Monday after the Chinese electric vehicle (EV) manufacturer pos ...

The shares of Chinese plug-in hybrid and electric vehicle (EV) maker Li Auto (NASDAQ:LI) are tumbling today after the company reported weaker-than-expected first-quarter results. LI stock is sinking over 10% in early trading. The firm’s Q2 revenue guidance also came in well below analysts’ average estimate.Li’s Q1 Miss and Guidance ShortfallLi reported Q1 earnings per share of 17 cents versus analysts’ average estimate of 20 cents. On the top line, its revenue came in at $3.6 billion, missing the mean outlo ...