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Li Auto Inc. June 2025 Delivery Update
Globenewswireยท 2025-07-01 09:00
Company Performance - Li Auto delivered 36,279 vehicles in June 2025, bringing second-quarter deliveries to 111,074 and cumulative deliveries to 1,337,810 as of June 30, 2025 [1][2] Market Position - Li Auto maintained its position as China's best-selling domestic automotive brand in the RMB200,000 and above mid-to-high-end market for two consecutive years [2] - The recently launched Li MEGA Home exceeded sales expectations, becoming the top seller among MPVs priced above RMB500,000 [2] Product Lineup and Future Plans - Upcoming launches include the six-seat battery electric family SUV Li i8 in July and the five-seat battery electric family SUV Li i6 in September, expanding the product lineup to four extended-range electric SUVs, one flagship MPV, and two high-voltage battery electric SUVs [2] - The company is upgrading its sales system to enhance operational efficiency across all vehicle models [2] Retail and Service Network - As of June 30, 2025, the company had 530 retail stores in 151 cities, 511 servicing centers, and authorized body and paint shops in 222 cities [3] - The company operates 2,851 supercharging stations with 15,655 charging stalls in China [3] Company Mission and Vision - Li Auto's mission is to create a mobile home and happiness, focusing on innovations in product, technology, and business model to provide safe, convenient, and comfortable products and services [4] - The company aims to build emotional connections with users through sponsorships in art and sports, enhancing brand value [3]
Li Auto Inc. Updates Second Quarter Delivery Outlook
Globenewswireยท 2025-06-27 08:30
Core Viewpoint - Li Auto Inc. has revised its delivery outlook for Q2 2025, expecting to deliver approximately 108,000 vehicles, down from a previous estimate of 123,000 to 128,000 vehicles, due to a temporary impact from a sales system upgrade [1] Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles [2] - The company's mission is to create a mobile home and happiness, providing families with safe, convenient, and comfortable products and services [2] - Li Auto is a pioneer in commercializing extended-range electric vehicles in China while also developing battery electric vehicle platforms [2] - The company began volume production in November 2019 and has a diverse model lineup, including Li MEGA, Li L9, Li L8, Li L7, and Li L6 [2]
Li Auto Inc. to Report First Quarter 2025 Financial Results on May 29, 2025
Globenewswireยท 2025-05-12 08:30
Core Viewpoint - Li Auto Inc. will report its unaudited financial results for Q1 2025 on May 29, 2025, before the U.S. market opens, followed by an earnings conference call on the same day [1]. Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles [4]. - The company's mission is to create a mobile home and happiness, emphasizing safety, convenience, and comfort in its products and services [4]. - Li Auto is recognized for successfully commercializing extended-range electric vehicles in China while also developing battery electric vehicle platforms [4]. - The company began volume production in November 2019 and has a diverse model lineup, including Li MEGA, Li L9, Li L8, Li L7, and Li L6 [4]. Conference Call Details - Participants wishing to join the earnings conference call must complete online registration prior to the scheduled start time [2]. - A replay of the conference call will be available until June 5, 2025, through various dial-in numbers [3].
Li Auto Inc. April 2025 Delivery Update
Globenewswireยท 2025-05-01 02:00
Core Insights - Li Auto Inc. delivered 33,939 vehicles in April 2025, marking a year-over-year increase of 31.6%, with cumulative deliveries reaching 1,260,675 as of April 30, 2025 [1] - The company has maintained its position as the sales leader for SUVs priced above RMB200,000 for three consecutive quarters, achieving the highest market share in multiple SUV segments [2] - Li Auto launched new models including Li MEGA Home and Li L6 at Auto Shanghai 2025, with Li MEGA Home accounting for over 90% of order intake for its models, indicating strong consumer endorsement [3] Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on the design, development, manufacturing, and sales of premium smart electric vehicles [5] - The company has a mission to create a mobile home and happiness for families, emphasizing innovations in product, technology, and business models [5] - As of April 30, 2025, Li Auto operates 500 retail stores and 500 servicing centers across 151 cities, along with 2,267 supercharging stations equipped with 12,340 charging stalls in China [4]
Li Auto Inc. to Hold Annual General Meeting on May 30, 2025
Globenewswireยท 2025-04-22 10:59
Core Viewpoint - Li Auto Inc. is set to hold its annual general meeting (AGM) on May 30, 2025, to discuss proposed resolutions supported by the board of directors [1][2]. Group 1: AGM Details - The AGM will take place at 10:00 a.m. Beijing time at Oriental Plaza, Beijing, China [1]. - Shareholders of ordinary shares and holders of American depositary shares (ADSs) as of April 25, 2025, are entitled to attend and vote at the AGM [2]. Group 2: Financial Reporting - Li Auto has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) [3]. Group 3: Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on premium smart electric vehicles [4]. - The company aims to create safe, convenient, and comfortable products and services through innovation in technology and business models [4]. - Li Auto has successfully commercialized extended-range electric vehicles and is also developing battery electric vehicle platforms [4]. - The current model lineup includes various family-oriented SUVs and MPVs, with plans for further product expansion [4].
Li Auto Inc. Releases 2024 Environmental, Social and Governance Report
Newsfilterยท 2025-04-10 09:00
Core Insights - Li Auto Inc. has released its 2024 Environmental, Social and Governance (ESG) report, showcasing its commitment to sustainability and corporate governance [1][2] - The company emphasizes its focus on operational compliance, innovation, low-carbon operations, employee well-being, and community engagement as part of its sustainability strategy [2] Company Overview - Li Auto is a leader in China's new energy vehicle market, specializing in the design, development, manufacturing, and sale of premium smart electric vehicles [4] - The company's mission is to create a mobile home and happiness, aiming to provide safe, convenient, and comfortable products and services through technological innovations [4] - Li Auto has successfully commercialized extended-range electric vehicles in China and is also developing battery electric vehicle platforms [4] - The current model lineup includes various flagship family SUVs and MPVs, with plans for further product expansion to reach a broader user base [4]
Li Auto Inc. March 2025 Delivery Update
Newsfilterยท 2025-04-01 08:30
Core Insights - Li Auto Inc. delivered 36,674 vehicles in March 2025, marking a year-over-year increase of 26.5%, with first-quarter deliveries totaling 92,864, up 15.5% year-over-year [1][2] - The company has maintained its position as the sales leader among Chinese automotive brands in the RMB200,000 and above NEV market for twelve consecutive months [2] - Li Auto's cumulative deliveries reached 1,226,736 as of March 31, 2025 [1] Company Developments - The Li L series is a key contributor to the company's profitability and is on track to deliver its 1,000,000th vehicle soon [2] - The new Li MEGA Ultra, featuring upgraded autonomous driving configurations, is open for reservations, with further updates expected at Auto Shanghai 2025 [2] - Li Auto became the world's first automaker to commit to open-sourcing its proprietary OS for smart vehicles, Li Halo OS [2] Infrastructure and Retail Expansion - As of March 31, 2025, the company operated 500 retail stores in 150 cities, 502 servicing centers, and authorized body and paint shops in 225 cities [3] - The company has 2,045 supercharging stations with 11,038 charging stalls in operation across China [3] Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on premium smart electric vehicles [4] - The company aims to create safe, convenient, and comfortable products and services through innovations in product, technology, and business model [4] - Li Auto has successfully commercialized extended-range electric vehicles in China while also developing battery electric vehicle platforms [4]
LI AUTO(LI) - 2024 Q4 - Earnings Call Transcript
2025-03-14 18:56
Financial Data and Key Metrics Changes - In Q4 2024, total revenues reached RMB 44.3 billion (approximately US$ 6.1 billion), up 6.1% year-over-year and 3.3% quarter-over-quarter [27] - Full year total revenues amounted to RMB 144.5 billion [11] - Gross profit for Q4 was RMB 9 billion (approximately US$ 1.2 billion), down 8.3% year-over-year and 2.8% quarter-over-quarter [28] - Net income in Q4 was RMB 3.5 billion (approximately US$ 484 million), down 38.6% year-over-year but up 25.3% quarter-over-quarter [32] - Cash on hand as of December 31, 2024, was RMB 112.8 billion (approximately US$ 15.5 billion) [33] Business Line Data and Key Metrics Changes - Vehicle sales in Q4 contributed RMB 42.6 billion (approximately US$ 5.8 billion), up 5.6% year-over-year and 3.2% quarter-over-quarter [27] - Vehicle margin in Q4 was 19.7%, compared to 22.7% in the same period last year [28] - R&D expenses in Q4 were RMB 2.4 billion (approximately US$ 329.9 million), down 31% year-over-year [29] Market Data and Key Metrics Changes - In 2024, Li Auto delivered over 158,000 vehicles in Q4, setting a new quarterly record [9] - Full year deliveries exceeded 500,000 units, making Li Auto the first emerging NEV brand to reach this milestone [10] - The NEV penetration rate in China reached 45.9% for the full year, up 12 percentage points year-over-year [9] Company Strategy and Development Direction - The company plans to launch two pure electric SUVs in 2025, the Li i8 in July and the Li i6 in the second half of the year [39] - Focus on enhancing R&D investments, particularly in autonomous driving and artificial intelligence, with R&D investments exceeding RMB 11 billion in 2024 [13] - Expansion of the supercharging network, aiming for 2,500 stations by the launch of Li i8 and 4,000 by the end of 2025 [19] Management Comments on Operating Environment and Future Outlook - Management expects continued growth in 2024, targeting 88,000 to 93,000 vehicle deliveries in Q1 [12] - The company anticipates a year-over-year increase in deliveries despite a challenging competitive landscape [46] - Management believes that the market will transition from competing for growth to competing for market share, emphasizing brand recognition [66] Other Important Information - The company has established an overseas expansion department and opened R&D centers in Munich, Germany [22][86] - Li MEGA has been a top seller in its segment, with expected annual sales between 10,000 and 15,000 units [81] Q&A Session Summary Question: What is the latest launch timing and highlights of new BEV models? - The company plans to launch the Li i8 in July and the Li i6 in the second half of 2025, focusing on user experience and delivery [39] Question: How does the company view sales growth against competition? - The strategy includes product upgrades, expanding the sales network, and enhancing marketing practices [46] Question: What is the scale of AI-related investment in the coming years? - Investments in AI will see substantial growth, primarily funded by cash from operations, focusing on developing capabilities in autonomous driving [54] Question: What is the outlook for the auto and EV industry in 2026? - The NEV penetration rate is expected to increase, with competition shifting towards market share and brand recognition becoming crucial [66] Question: What is the first quarter gross margin guidance? - The expected Q1 vehicle gross margin is around 19% due to seasonal factors and sales promotions [75] Question: What is the long-term plan for internationalization? - The company aims to expand its overseas market presence, focusing on branding, marketing, and after-sales service [86]
LI AUTO(LI) - 2024 Q4 - Earnings Call Transcript
2025-03-14 15:34
Financial Data and Key Metrics Changes - In Q4 2024, total revenues reached RMB 44.3 billion (approximately US$ 6.1 billion), up 6.1% year-over-year and 3.3% quarter-over-quarter [27] - Full year total revenues amounted to RMB 144.5 billion [11] - Gross profit in Q4 was RMB 9 billion (approximately US$ 1.2 billion), down 8.3% year-over-year and 2.8% quarter-over-quarter [28] - Net income in Q4 was RMB 3.5 billion (approximately US$ 484 million), down 38.6% year-over-year but up 25.3% quarter-over-quarter [32] - Cash on hand reached RMB 112.8 billion (approximately US$ 15.5 billion) as of December 31, 2024 [33] Business Line Data and Key Metrics Changes - Vehicle sales in Q4 contributed RMB 42.6 billion (approximately US$ 5.8 billion), up 5.6% year-over-year and 3.2% quarter-over-quarter [27] - Vehicle margin in Q4 was 19.7%, compared to 22.7% in the same period last year [28] - R&D expenses in Q4 were RMB 2.4 billion (approximately US$ 329.9 million), down 31% year-over-year [29] Market Data and Key Metrics Changes - China's NEV penetration rate reached 45.9% for the full year 2024, up 12 percentage points year-over-year [9] - Li Auto achieved a market share of 15.3% in the RMB 200,000 and above NEV market for the full year [9] Company Strategy and Development Direction - The company plans to launch two pure electric SUVs in 2025, the Li i8 in July and the Li i6 in the second half of the year [39] - Focus on enhancing R&D investments, particularly in autonomous driving and artificial intelligence, with R&D investments exceeding RMB 11 billion in 2024 [13] - Expansion of the supercharging network, aiming for 2,500 stations by the launch of Li i8 and 4,000 by the end of 2025 [19] Management's Comments on Operating Environment and Future Outlook - Management expects continued growth in 2024, with vehicle deliveries projected between 88,000 and 93,000 in Q1 [12][35] - The company anticipates a year-over-year decrease in total revenue for Q1 2025, reflecting current market conditions [35] - Management believes that competition will shift from growth to market share, emphasizing the importance of brand recognition [66] Other Important Information - The company operates the largest highway supercharging network in China, with over 1,900 stations and plans for significant expansion [17] - Li MEGA, a luxury pure-electric MPV, has been a top seller in its segment, with expected annual sales between 10,000 and 15,000 units [81] Q&A Session Summary Question: What is the latest launch timing and highlights of new BEV models? - The company plans to launch the Li i8 in July and the Li i6 in the second half of 2025, focusing on user experience and delivery [39] Question: How does the company view sales growth against competition? - The strategy includes product upgrades, expanding the sales network, and enhancing marketing practices, with confidence in overall sales growth [46][51] Question: What is the expected gross margin for Q1? - The Q1 vehicle gross margin is expected to be around 19% due to seasonal factors and sales promotions [75] Question: What is the long-term plan for internationalization? - The company is committed to expanding overseas markets, with established service centers in Kazakhstan, Uzbekistan, and UAE, and plans for further growth in 2025 [86]
Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results
Globenewswireยท 2025-03-14 08:35
Core Viewpoint - Li Auto Inc. reported strong financial results for the fourth quarter and full year of 2024, achieving record revenues and vehicle deliveries, while also facing challenges in net income and margins compared to previous periods [2][5][18]. Financial Highlights for Q4 2024 - Total revenues reached RMB44.3 billion (US$6.1 billion), a 6.1% increase year-over-year from RMB41.7 billion [6][22]. - Vehicle sales amounted to RMB42.6 billion (US$5.8 billion), reflecting a 5.6% increase from RMB40.4 billion in Q4 2023 [6][22]. - Gross profit was RMB9.0 billion (US$1.2 billion), down 8.3% from RMB9.8 billion in Q4 2023 [6][22]. - Net income decreased by 38.6% to RMB3.5 billion (US$484.0 million) compared to RMB5.8 billion in Q4 2023 [6][28]. - Operating expenses were reduced by 22.0% to RMB5.3 billion (US$721.6 million) from RMB6.8 billion in Q4 2023 [6][27]. Financial Highlights for Full Year 2024 - Full year total revenues reached RMB144.5 billion (US$19.8 billion), a 16.6% increase from RMB123.9 billion in 2023 [10][12]. - Total vehicle sales for the year were RMB138.5 billion (US$19.0 billion), up 15.2% from RMB120.3 billion in 2023 [10][12]. - Net income for the year was RMB8.0 billion (US$1.1 billion), down 31.9% from RMB11.8 billion in 2023 [10][12]. - Operating expenses increased by 12.7% to RMB22.6 billion (US$3.1 billion) from RMB20.1 billion in 2023 [10][12]. Delivery and Operational Highlights - Quarterly deliveries reached 158,696 vehicles, a 20.4% year-over-year increase [5][18]. - Full year deliveries totaled 500,508 vehicles, representing a 33.1% increase from 376,030 vehicles in 2023 [5][18]. - As of December 31, 2024, the company operated 502 retail stores in 150 cities and 1,727 supercharging stations [3][13]. Cash Flow and Financial Position - Net cash provided by operating activities was RMB8.7 billion (US$1.2 billion) in Q4 2024, down 49.8% from RMB17.3 billion in Q4 2023 [9][28]. - Free cash flow was RMB6.1 billion (US$830.1 million) in Q4 2024, a decrease of 58.6% from RMB14.6 billion in Q4 2023 [9][28]. - The company's cash position stood at RMB112.8 billion (US$15.5 billion) as of December 31, 2024 [28]. Future Outlook - For Q1 2025, the company expects vehicle deliveries to be between 88,000 and 93,000, indicating a year-over-year increase of 9.5% to 15.7% [35].