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.