Li Auto delivered 108,581 automobiles within the second quarter, inside the steerage vary of between 105,000 and 110,000 automobiles.
Li Auto (NASDAQ: LI) will report unaudited monetary outcomes for the second quarter of 2024 earlier than the US markets open on Wednesday, August 28, the corporate introduced immediately.
Already launched figures present that Li Auto delivered 108,581 automobiles within the second quarter, which is inside the steerage vary of between 105,000 and 110,000 automobiles.
Deliveries for the quarter have been up 25.48 p.c year-on-year and up 35.05 p.c from the primary quarter.
Li Auto beforehand guided second quarter income to be within the vary of RMB 29.9 billion ($4.2 billion) to RMB 31.4 billion, a rise of 4.2 p.c to 9.4 p.c year-on-year.
Li Auto’s present product lineup consists of the Li L6, Li L7, Li L8, Li L9, and Li Mega, with the L collection being EREVs and the Mega being its first battery electrical car (BEV) mannequin.
Li Auto had a really low profile within the second quarter, asserting little or no enterprise progress after the weak efficiency of the Li Mega, which was launched on March 1.
The corporate had deliberate to launch three all-electric SUV fashions within the second half of 2024, however introduced on its final earnings name on Might 20 that its new all-electric SUV fashions shall be launched within the first half of subsequent yr.
Li Auto’s month-to-month deliveries started to rebound after dropping to a close to one-year low of 20,251 automobiles in February, with 25,787, 35,020, and 47,774 automobiles delivered in April by June.
In July, Li Auto delivered a file 51,000 automobiles, up 49.41 p.c year-on-year and up 6.75 p.c from June.
Li Auto’s administration will maintain an earnings name on August 28 at 8:00 am US Japanese Time or 8:00 pm Beijing Time on the identical day.
Li Auto’s native peer Xpeng (NYSE: XPEV) will report its unaudited monetary outcomes for the second quarter on August 20 earlier than the US markets open, and Zeekr (NYSE: ZK) on August 21.
Nio (NYSE: NIO) has but to launch its second-quarter earnings launch date.
($1 = RMB 7.1590)
Li Auto plans to open its 1st abroad after-sales service retailer in Kazakhstan this month, report says
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