Li Auto Q4 Deliveries Hit Record 158K, 2024 Full-Year Tops 500K Units
Earnings Call
03-14
Li Auto reported strong Q4 2024 results with record-breaking deliveries and financials: 1. Q4 deliveries exceeded 158,000 vehicles, a new quarterly record. 2. Full-year 2024 deliveries surpassed 500,000 units, making Li Auto the first emerging EV brand and Chinese premium automaker to reach this milestone. 3. Q4 total revenue reached RMB 44.3 billion ($6.1 billion), up 6.1% year-over-year. 4. Full-year 2024 revenue totaled RMB 144.5 billion. 5. Cash reserves stood at RMB 112.8 billion by end of 2024. 6. 2024 R&D investments exceeded RMB 11 billion, focusing on electrification and AI. 7. Q1 2025 delivery guidance: 88,000 to 93,000 vehicles. 8. Expanded supercharging network to over 1,900 stations with 10,000+ charging piles. 9. Increased retail presence to 500 stores across 150 cities.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.