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]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Quarterly total revenues reached RMB41.73 billion (US$5.88 billion)1Quarterly deliveries reached 131,805 vehiclesFull year total revenues reached RMB123.85 billion (US$17.44 billion)Full year deliveries were 376,030 vehicles BEIJING, China, Feb. 26, 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 and full year ended December 31, 2023. Operating Highligh ...

Exhibit 99.1 Li Auto Inc. Announces Unaudited First Quarter 2024 Financial Results Quarterly total revenues reached RMB25.6 billion (US$3.6 billion) Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 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 March 31, 2024. Operating Highlights for the First Quarter of 2024 · Total deliveries for the first qu ...

I’ve been sending loud-and-clear signals on China-based electric vehicle manufacturer Li Auto (NASDAQ:LI) this year, and I’m only getting more bullish now. I predict higher prices for LI stock, especially with an upcoming data release. Bullish catalysts for Li Auto include stimulus programs in China and the company’s autonomous driving chip deal with Nvidia (NASDAQ:NVDA). Plus, Li Auto is preparing to launch its flagship multi-purpose vehicle, known as the Li MEGA, on March 1. Yet, March 1 isn’t the only da ...

Li Auto Inc. Sponsored ADR (LI) closed the latest trading day at $30.49, indicating a -0.72% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 0.3%.The company's shares have seen a decrease of 2.97% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 3.6% and falling behind the S&P 500's gain of 5.78%.The investment community will be closely monitoring the perform ...

Uncertainty over the future growth of China’s EV sector is keeping top plays in the space at low prices. Li Auto (NASDAQ:LI) is no exception. Although LI stock has yet to tumble back to its 52-week low, shares in the electric vehicle manufacturer have declined by over 35% over the past six months.Although these declines are relatively modest compared to big tumbles that two of Li’s key China-based peers have experienced, don’t assume either name has become oversold/fallen into deep value territory.Both Nio ...

BEIJING, China, Feb. 08, 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 fourth quarter and full year 2023 before the U.S. market opens on Monday, February 26, 2024. The Company's management will hold an earnings conference call on Monday, February 26, 2024, at 7:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. ...

BEIJING, China, Feb. 08, 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 fourth quarter and full year 2023 before the U.S. market opens on Monday, February 26, 2024. The Company’s management will hold an earnings conference call on Monday, February 26, 2024, at 7:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. F ...

Robert Way Investment Thesis Although often overlooked in comparison to Tesla, Inc. (TSLA) and BYD Company Limited (OTCPK:BYDDF), Li Auto Inc. (NASDAQ:LI) has emerged as one of the leading competitors in the Chinese landscape of battery-electric vehicles (BEVs) and, most recently, all-electric vehicles (EVs). Li Auto's strategy is quite different from its competitors, offering hybrid engines in China to reduce range anxiety along with the ability to travel long distances across China. Unlike other competito ...