Li Auto Hits 500K Annual Deliveries, Plans Aggressive Expansion in 2025

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Li Auto Hits 500K Annual Deliveries, Plans Aggressive Expansion in 2025

Live Track03-14 12:14

Li Auto reported strong performance for Q4 and full year 2024:
1. Q4 deliveries exceeded 158,000 vehicles, setting a new quarterly record.
2. 2024 full-year deliveries surpassed 500,000 units, making Li Auto the first emerging EV brand and Chinese premium auto brand to reach this milestone.
3. Each model in the L series (L6, L7, L8, L9) achieved over 200,000 cumulative deliveries.
4. Q4 total revenue reached RMB 44.3 billion, driving 2024 full-year revenue to RMB 144.5 billion.
5. Cash reserves at the end of 2024 stood at RMB 112.8 billion.
6. For Q1 2025, Li Auto forecasts deliveries between 88,000 to 93,000 vehicles.
7. The company is expanding its supercharging network, aiming for 2,500 stations by the launch of its first pure electric SUV, Li Auto I8.
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Cash reserves at the end of 2024 stood at RMB 112.8 billion.6. For Q1 2025, Li Auto forecasts deliveries between 88,000 to 93,000 vehicles.7. The company is expanding its supercharging network, aiming for 2,500 stations by the launch of its first pure electric SUV, Li Auto I8.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"earningsCall","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}