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

Live Track

14 Mar

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.<br><br>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.<br><br>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.<br><br>4. The company has expanded its supercharging network to over 1,900 stations with over 10,000 charging piles in operation.<br><br>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.<br><br>6. The company is accelerating its overseas expansion, with plans to increase investments in Latin America, Middle East, and European markets.<br><br>7. 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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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"earningsCall","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}