Li Auto, Inc. ( (LI) ) has released its Q4 earnings. Here is a breakdown of the information Li Auto, Inc. presented to its investors.
Li Auto Inc. is a prominent player in China’s new energy vehicle market, specializing in the design, development, manufacturing, and sale of premium smart electric vehicles. The company is known for its innovative approach, particularly in extended-range electric vehicles and battery electric vehicle platforms.
Li Auto Inc. recently reported its unaudited financial results for the fourth quarter and full year of 2024, showcasing significant growth in vehicle deliveries and revenues. The company achieved a record quarterly revenue of RMB44.3 billion, driven by strong vehicle sales and a year-over-year increase in deliveries. For the full year, Li Auto’s total revenues reached RMB144.5 billion, with a notable increase in vehicle deliveries to over 500,000 units.
Key financial highlights include a 6.1% year-over-year increase in total revenues for the fourth quarter, despite a decrease in vehicle margin to 19.7%. The company’s operating expenses decreased significantly, contributing to an increase in income from operations. However, net income for the quarter saw a decline compared to the previous year, primarily due to changes in product mix and pricing strategies.
Looking ahead, Li Auto’s management remains optimistic about the company’s growth prospects. They plan to launch new BEV models and enhance autonomous driving features, aiming to expand their market presence and product portfolio. The company is committed to driving technological innovation and maintaining financial excellence to create value for stakeholders in the evolving intelligent era.
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