Li Auto delivered 105,108 vehicles in the third quarter, above the upper end of its guidance range of 100,000 to 103,000 vehicles.
Li Auto will report unaudited financial results for the third quarter before US markets open on Thursday, November 9, it announced today.
The company’s management will host an earnings call on Thursday, November 9, at 7:00 am US Eastern Time (8:00 pm Beijing time).
Li Auto delivered 105,108 vehicles in the third quarter, marking the first time it has seen quarterly deliveries exceed 100,000 vehicles, an increase of 296.28 percent year-on-year and up 21.47 percent from the second quarter.
The company had previously guided for third-quarter vehicle deliveries to be in the range of 100,000 to 103,000 vehicles and expected third-quarter total revenue to be in the range of RMB 32.33 billion ($4.4 billion) to RMB 33.30 billion.
Li Auto delivered 86,533 vehicles in the second quarter, resulting in record revenue of RMB 28.65 billion.
Its gross margin was 21.8 percent in the second quarter, compared to 21.5 percent in the second quarter of 2022 and 20.4 percent in the first quarter.
Li Auto’s vehicle margin was 21.0 percent in Q2, compared to 21.2 percent in the second quarter of 2022 and 19.8 percent in the first quarter.
Li Auto’s local peer Xpeng (NYSE: XPEV) announced earlier this week that it will report its third quarter unaudited financial results on Wednesday, November 15, before the US markets open.
Nio (NYSE: NIO) has yet to announce a date for its third-quarter results.
($1 = RMB 7.3180)
