Li Auto Reports Strong Yearly Growth Amidst Seasonal Fluctuations

Li Auto (LI) has released an update.

Li Auto Inc., a leader in China’s new energy vehicle market, announced a substantial year-over-year increase in vehicle deliveries for Q1 2024, with revenues reaching RMB25.6 billion (US$3.6 billion). The unaudited financial results show a 52.9% increase in quarterly deliveries to 80,400 vehicles, despite a decrease compared to the previous quarter, likely due to seasonal factors. The company remains confident in its delivery growth and continued investment in R&D and its service network.

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