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Li Auto Inc. Hosts 2024 Spring Launch Event
Newsfilter· 2024-03-01 12:00
BEIJING, China, March 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 hosted its 2024 Spring Launch Event and officially launched Li MEGA, its high-tech flagship family MPV. As the Company's first high-voltage battery electric vehicle, Li MEGA provides big families with a blend of energy replenishment experience as efficient as traditional ICE vehicle refueling, next-generation design and exceptionally low ...
理想汽车2024春季发布会
2024-03-01 07:00
雷辰 电车好了好开啊 出发吧理想麦克全家人的共同体已经降级 雷辰 电铳充好了好开啊 出发吧理想麦克全家人的功劳高铁即将进展 雷辰 电车好了好开啊 出发吧您好 您所拨打的电话已关机 海里有只小蓝鲸它和它的大家庭不分昼夜地航行探索大海的奥秘有一天小鲸鱼问妈妈 海马藏在水槽里螃蟹睡在沙子里章鱼搭了个心窝小姨的珊瑚礁很美丽而我们却在大海里不停地游弋如果我们一直游啊游那 我们的家到底在哪里呢鲸鱼妈妈回答说宝贝你看爸爸妈妈哥哥姐姐全都和你在一起我们一起旅行一起游戏一起唱歌一起感动心有灵犀永不分离 我们的家不需要石头或水草我们的家由爱与梦想来搭建我们一家人在哪里家就在哪里 大家下午好欢迎大家来到理想汽车2024春季发布会那么多手机对着我再次看到那么多老朋友我非常的开心2023年是我从18岁开始创业至今为止24年里工作压力最大的一年 压力最大是非最多为了开好这次发布会能够上镜的时候显得瘦一点所以我在纯洁前把所有的智齿都拔掉了不过我又亲身验证了一次拔智齿对脸瘦一点用都没有好言归正传从创办之初 我们就非常确信理想汽车是为家庭而生的每一款产品都践行着我们的使命创造移动的家创造幸福的家从理想ONE到理想L系列三款产品我们精准地回答了 ...
Li Auto Inc. February 2024 Delivery Update
Newsfilter· 2024-03-01 04:00
BEIJING, China, March 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 the Company delivered 20,251 vehicles in February 2024, up 21.8% year over year. The cumulative deliveries of Li Auto vehicles reached 684,780 as of the end of February 2024. "Even with the impact of Chinese New Year and some trims of Li L series models sold out as we prepare for switching to new models, our average daily ...
Chinese EV Stocks Alert: U.S. Opens Investigation Into Chinese Automakers
InvestorPlace· 2024-02-29 19:07
The U.S. government is doubling down on its mission to curb China’s attempts to spy on Americans. In January 2024, U.S. Secretary of Commerce Gina Raimondo raised concerns about Chinese electric vehicles (EVs) having the ability to harvest American data. Now, President Joe Biden and his administration are launching an investigation into the national security risk that Chinese EVs may pose.Most of China’s EV producers don’t currently sell in the U.S. due to high import tariffs. But if the investigation turns ...
Why Li Auto Stock Keeps Going Up
The Motley Fool· 2024-02-27 17:22
Chinese electric car company Li Auto (LI 9.39%) released a powerful fourth-quarter earnings report on Monday, sending its shares flying nearly 19% by the closing bell, and giving a lift to the whole EV industry.On Tuesday morning, Li Auto was maintaining its momentum, with three Wall Street analysts raising their price targets on the stock over the last 24 hours. As of 11 a.m. ET, Li stock was already up another 9.7%.What Wall Street is saying about LiTic-tac-toe, three in a row -- first Jefferies, then Bar ...
4Q23 results set the tone for resilient FY24
招银国际· 2024-02-27 16:00
M N 27 Feb 2024 CMB International Global Markets | Equity Research | Company Update Li Auto Inc. (LI US) 4Q23 results set the tone for resilient FY24 Target Price US$48.00 Maintain our top pick. Li Auto’s strong beat in 4Q23 GPM led to an all-time (Previous TP US$45.00) high operating margin of 7.3%. Its FY23 net margin of 9.5% was also much Up/Downside 37.9% higher than its guidance of 5% in mid-2023. Management has also provided a Current Price US$34.80 clear path to achieve its FY24 sales target and is s ...
Li Auto shares gain 20% in Hong Kong after big earnings beat, solid 2024 outlook
Market Watch· 2024-02-27 02:56
Li Auto’s shares 2015, +19.09% rose sharply in Hong Kong after the Chinese electric-vehicle maker roundly beat earnings expectations with jumps in quarterly profit and revenue on the back of rising demand for its SUVs and other cars. Shares were 20% higher at 167.10 Hong Kong dollars (US$21.36), on track for their biggest one-day percentage gain in almost two years. The jump, which came after a steep rise in U.S.-listed ADRs LI, +18.79% overnight, pulled shares into the green for the year, and took 12-mo ...
Li Auto ADRs Surge as Chinese EV Maker Swings to First Annual Profit
Investopedia· 2024-02-26 19:00
Key TakeawaysLi Auto beat fourth-quarter earnings estimates and recorded its first annual profit.The Chinese carmaker predicted current-quarter deliveries would be nearly double what they were a year ago.Li Auto ADRs are 70% higher in the past year.American Depositary Receipts (ADRs) of Li Auto (LI) surged Monday after the Chinese electric vehicle (EV) manufacturer defied intense domestic competition to post better-than-expected results and its first annual profit.The company reported fourth-quarter revenue ...
3 EV Stocks to Buy for at Least 100% Returns Before the End of 2025
InvestorPlace· 2024-02-26 18:14
From being among the hottest stocks in the markets, EV stocks have been wealth destroyers in the last few quarters. The reasons for the sell-off in EV stocks include higher borrowing costs, slow growth in Europe and expiring subsidies.However, it’s worth noting euphoric rallies tend to take valuations to unsustainable levels that defy fundamentals. In the same way, the sell-off can punish stocks more than they deserve. I believe this currently holds for some of the best EV stocks.An important point to note ...
LI AUTO(LI) - 2023 Q4 - Earnings Call Transcript
2024-02-26 17:00
Financial Data and Key Metrics Changes - In Q4 2023, total revenues reached RMB41.73 billion, up 136.4% year-over-year and 23% quarter-over-quarter [16] - Annual revenues surpassed RMB100 billion, totaling RMB123.85 billion for 2023 [8] - The company achieved a net income of RMB11.81 billion for the full year, marking its first year of profitability [8] - Cash position at the end of 2023 was RMB103.67 billion [21] - Q4 net income was RMB5.75 billion, representing a 2,068.2% increase year-over-year [20] Business Line Data and Key Metrics Changes - Q4 vehicle sales contributed RMB40.38 billion, up 133.8% year-over-year [16] - Vehicle margin in Q4 was 22.7%, compared to 20% in the same period last year [17] - Gross profit in Q4 was RMB9.79 billion, up 174.4% year-over-year [17] Market Data and Key Metrics Changes - Li Auto's market share in China's NEV market increased from 10.9% in Q1 2023 to 16.0% in Q4 2023 [7] - The company delivered a total of 376,000 vehicles in 2023, exceeding its target [6] Company Strategy and Development Direction - The company plans to launch several new models in 2024, including the Li MEGA and the 2024 model year L7, L8, and L9 [9][10] - Aiming to expand its direct sales network to 800 retail stores by the end of 2024 [13] - The company is focusing on R&D in autonomous driving and smart technologies to enhance product competitiveness [11][51] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving monthly deliveries exceeding 50,000 vehicles starting in March 2024 [25] - The company anticipates a significant ramp-up in production and delivery capabilities, leveraging past experiences [29] - Management predicts a clear market consolidation in the smart EV industry, with top brands capturing a significant market share [50] Other Important Information - The company has opened 106 new retail stores in Q4 2023, creating the largest automobile direct sales network in China [12] - Li Auto's supercharging network is expanding, with a target of 2,000 stations by the end of 2024 [14] Q&A Session Summary Question: Guidance on monthly deliveries and model breakdown - Management confirmed guidance remains unchanged, expecting to deliver over 100,000 models by the end of the year, with a significant ramp-up in March [25] Question: Comparison with competitors in self-driving technology - Management highlighted improvements in their autonomous driving features and expressed confidence in their competitive position [26] Question: Production bottlenecks with new model launches - Management reassured that they have strategies in place to avoid supply bottlenecks and ensure timely deliveries [29] Question: Plans for vehicles below RMB200,000 - Management stated there are no plans to launch vehicles below this price point, focusing instead on the premium market [32] Question: Gross margin expectations for BEV models - Management indicated that the overall blended gross margin for BEV and EREV series will be around 25% [39] Question: Overseas expansion plans - Management confirmed plans to establish a sales network in overseas markets, starting with the introduction of L9 and L7 models [42] Question: Charging station profitability and CapEx - Management expressed confidence in the profitability of charging stations and detailed plans for their expansion [48]