Li Auto reported strong Q4 2024 results:
- Deliveries: Over 158,000 vehicles, setting a new quarterly record
- Revenue: RMB 44.3 billion ($6.1 billion), up 6.1% YoY and 3.3% QoQ
- Vehicle margin: 19.7%, down from 22.7% YoY and 20.9% QoQ
- Gross margin: 20.3%, down from 23.5% YoY and 21.5% QoQ
- Cash position: RMB 112.8 billion ($15.5 billion) as of December 31, 2024

Key highlights:
1. Full-year 2024 deliveries exceeded 500,000 units
2. Planning to launch two new pure electric SUVs in 2025: I8 in July and I6 in H2
3. Expanding supercharging network, aiming for 2,500 stations by I8 launch and 4,000 by end of 2025
4. Increased R&D investment to RMB 11 billion in 2024, focusing on autonomous driving technology
5. Q1 2025 delivery guidance: 88,000-93,000 vehicles
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.