Li Auto (LI 1.40%) Q1 2024 Earnings Call May 20, 2024, 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, ladies and gentlemen.

Li Auto is at the forefront of the autonomous driving movement in China, and with OTA updates we wouldn’t be surprised to see drivers ceding more and more control to the Mega in months and years ...

Thank you for standing by for Li Auto's fourth-quarter and full-year 2024 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded.

Li Auto announced that it plans to launch its flagship multi-purpose vehicle, called Li MEGA, on March 1. Moreover, the company will begin delivering the MEGA vehicles in “early March.” ...

Li Auto’s Q4 2022 results were reasonably strong, with sales rising by about 66% versus last year to $2.56 billion, and with deliveries jumping to 46,319 units, up from 26,154 units.

Li Auto said it expects to deliver between 88,000 and 93,000 vehicles in the first quarter. It projected revenue of 23.4 billion yuan to 24.7 billion yuan, equivalent to US$3.24 billion to US$3.41 ...

Li Auto says the Mega has three times the torsional stiffness of traditional MPVs, and it's also the first MPV in China with side curtain airbags for all three rows of seats.

Overall, Li Auto posted revenue of $1.3 billion in its Q2 earnings, up 73% YOY, but a decrease of 8.7% from Q1. The company had $8 billion in cash and equivalents at the end of Q2.

Li Auto stock rose by almost 8% over the last week, compared to the broader S&P 500 which gained about 1% over the same period. However, the stock still remains down by about 7% over the last ...

Li Auto stock (NASDAQ: LI) declined by about 6% over the last week (five trading days), compared to the S&P 500 which was down by about 1% over the same period. The sell-off comes as U.S ...