Li Auto Q4 Earnings: Record Deliveries, New EV Models Planned, AI Focus Intensifies

Live Track
03-14

1. Li Auto delivered over 158,000 vehicles in Q4 2023, setting a new quarterly record. Full year 2023 deliveries exceeded 500,000 units, making Li Auto the first emerging EV brand and Chinese premium auto brand to reach this milestone.

2. The company plans to launch two new pure electric SUVs in 2023: Li Auto I8 in July and I6 in the second half of the year.

3. Li Auto is focusing on advancing its AI and autonomous driving capabilities. They've upgraded to AD Max V13, which uses a 10-million video clip training dataset.

4. The company has expanded its supercharging network to over 1,900 stations with over 10,000 charging piles in operation.

5. For Q1 2024, Li Auto expects to deliver between 88,000 and 93,000 vehicles, representing a 9.5% to 15.7% year-over-year increase.

6. The company is accelerating its overseas expansion, with plans to increase investments in Latin America, Middle East, and European markets.

7. Li Auto's vehicle margin for Q1 2024 is expected to be around 19% due to seasonal factors and sales promotions.
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.

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