CHANGCHUN, CHINA - JULY 17, 2024 - Visitors look at the 2024 Li Auto MEGA electric car at the 21st ... [+] Changchun International Automobile Expo in Changchun, Jilin province, China, July 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO/Future Publishing via Getty ImagesLi Auto, the largest of the emerging EV players in China, delivered 48,122 vehicles for July 2024 - an increase of 38% percent year-over-year, although they were down by 5.6% versus July. Deliveries for the ...

Just months ago, Chinese electric vehicle (EV) manufacturer Li Auto Inc. NASDAQ: LI stood out among competitors like Xpeng Inc. NYSE: XPEV and Nio Inc. NYSE: NIO as a rare profitable maker of new energy vehicles with a stock price that reflected its dominance at over $46 per share in late February. Its leadership in the premium SUV space and focus on production and marketing efficiency with a small number of models contributed to the longevity of Li's share price success, even as rival EV maker stocks floun ...

BEIJING, China, Sept. 01, 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 delivered 48,122 vehicles in August 2024, an increase of 37.8% year over year. This brought the Company’s total deliveries in 2024 to 288,103. As of August 31, 2024, its cumulative deliveries reached 921,467 vehicles. “Li L6 has gained widespread popularity among young users, with deliveries exceeding 20,000 for the thir ...

报告公司投资评级 - 维持"增持"评级 [3] 报告的核心观点 - 2Q24 理想总收入同比+10.6%/环比+23.6%至 316.8 亿元，毛利率同比-2.3pcts/环比-1.1pcts 至 19.5%，Non-GAAP 归母净利润同比-44.5%/环比+17.8%至 15.1 亿元 [2] - 毛利率回落主要由于产品结构/价格体系调整，Non-GAAP 归母净利润表现环比改善主要受益于规模效应+内部降本 [2] - 3Q24E 交付量 14.5-15.5 万辆，1H25E 发布全新纯电车型（基于 800V 架构研发） [3] - 渠道、超充网络正在为 2025E 纯电新车型上市做积极准备 [3] - 预计人员优化有望进一步压缩研发等经营费用，预计 2024E GAAP 净利润率约 5% [3] - 上调 2024E-2026E Non-GAAP 归母净利润至 102 亿元/181 亿元/297 亿元 [3] 财务数据总结 - 2Q24 营业总收入 316.8 亿元，同比+10.6%/环比+23.6% [2] - 2Q24 毛利率 19.5%，同比-2.3pcts/环比-1.1pcts [2] - 2Q24 Non-GAAP 归母净利润 15.1 亿元，同比-44.5%/环比+17.8% [2] - 截至 2Q24 末，在手现金合计约 973 亿元 [2] - 2022-2026E 营业总收入分别为 45,287/123,851/143,958/186,065/232,850 百万元 [4][7] - 2022-2026E Non-GAAP 归母净利润分别为 41/12,093/10,156/18,060/29,711 百万元 [7]

CMB International Global Markets | Equity Research | Company Update MN Li Auto Inc. (LI US) Proven resilience gives us confidence in BEVs Li Auto's 2Q24 operating expenses beat our forecast and such cost control could extend into 2H24. We are of the view that Li Auto has made a comeback on sales volume with resilient pricing and margins. Although some investors may wait for more details of its new BEVs, we think it could be oversold now. 2Q24 beat on tightened operating expenses. Li Auto's revenue in 2Q24 w ...

Several positive analyst notes trumpeted the buy case for the company.Wednesday's sputtering jalopy of an electric vehicle (EV) stock, Li Auto (LI 10.62%), was a race car tearing down the track on Thursday. The Chinese company's American depositary receipts (ADRs) rose 10.6% across the trading session not because of any fresh news from the company, but rather on the back of new bullish analyst takes. That share price increase was well higher than the 0.1% rise of the S&P 500 index.A quick bounce-backLi Auto ...

Li Auto Inc. (LI) reported second-quarter 2024 adjusted earnings per ADS of 20 cents, down from 36 cents reported in the year-ago quarter. Rising costs and price reductions due to higher competition amid falling EV demand resulted in a year-over-year decline. The China-based EV maker generated total revenues of $4.36 billion, up from $3.95 billion reported in the year-ago quarter on higher year-over-year vehicle deliveries. It sold 108,581 units, up from 86,533 in the second quarter of 2023.The company repo ...

Sentiment on the sector wasn't helped by the latest developments in Asia.Not so long ago, electric vehicle (EV) stocks were the assets that could do no wrong. Despite the very many hiccups and challenges associated with the industry, EVs were the future of human mobility. In recent months, though, there's been growing skepticism about this. The novelty of the not-so-new-anymore technology has worn off, and negative news from some top manufacturers has turned off both consumers and stock investors.So, it doe ...

Key TakeawaysLi Auto's earnings sank as the Chinese electric vehicle maker faced higher costs and tougher competition because of a drop in EV demand.The company explained that it faced intense competition in the second quarter.Li Auto's expenses rose as it ramped up production of its new Li L6 SUV. American depositary receipts (ADRs) of Li Auto (LI) cratered Wednesday after the Chinese electric vehicle (EV) manufacturer's profit sank on higher costs and price cuts as slumping EV demand increased competition ...

文章核心观点 - 中国电动汽车制造商李汽车(Li Auto)在激烈的市场竞争中脱颖而出,通过销售混合动力电动车(EREV)实现了增长 [2] - 但公司今年推出的首款纯电动车型"Mega"在当前市场竞争激烈、增长放缓的环境下,未能带来预期的销量增长 [3][6] - 尽管二季度业绩超预期,但车辆毛利率同比和环比均有下降,主要是由于车价下降导致 [5] - 公司预计第三季度交付量和收入将有所增加,但目前投资者对公司股价持谨慎态度,需待行业环境改善 [7] 公司经营情况 - 李汽车是少数盈利的全球电动车制造商之一,二季度每股收益约0.10美元,略超分析师预期 [4] - 二季度销售收入约44亿美元,符合预期 [4] - 公司最近推出了首款纯电动车型"Mega",但在当前市场竞争激烈、增长放缓的环境下,未能带来预期的销量增长 [6] 行业竞争情况 - 电动车市场竞争非常激烈 [1] - 公司CEO和CFO均表示市场竞争"激烈" [5] - 当前市场增长放缓,不及此前预期 [6]