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LI AUTO INC.

(LI)
  Report
Delayed Quote. Delayed Nasdaq - 12/03 04:00:00 pm
28.5 USD   -15.95%
12/02Li Auto's November SUV Delivery Surges Over 190%
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12/01LI AUTO : November 2021 Delivery Update - Form 6-K
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12/01Li Auto Logs 190% Increase in November Deliveries
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Li Auto : September 2021 Delivery Update (Form 6-K)

10/01/2021 | 06:12am EST

Li Auto Inc. September 2021 Delivery Update

BEIJING, China, October 1, 2021 - Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), an innovator in China's new energy vehicle market, today announced that the Company delivered 7,094 Li ONEs in September 2021, up 102.5% year over year. The Company's deliveries for the third quarter of 2021 were 25,116, up 190.0% year over year. Total deliveries of Li ONEs in the first nine months of 2021 reached 55,270 and the cumulative deliveries of Li ONEs as of September 30, 2021 reached 88,867.

"Deliveries of Li ONEs in September moderated compared with the prior month due to the prolonged chip supply shortage. Responding to the continually rising orders since the release of the 2021 Li ONE, we are taking multiple measures to ensure the supply of the auto parts, aiming to shorten the waiting time of delivery for our users," said Yanan Shen, co-founder and president of Li Auto.

As of September 30, 2021, the Company had 153 retail stores in 85 cities, as well as 223 servicing centers and Li Auto-authorized body and paint shops operating in XX cities.

About Li Auto Inc.

Li Auto Inc. is an innovator in China's new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and refined products and services. Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China. Its first model, Li ONE, is a six-seat, large premium electric SUV equipped with a range extension system and advanced smart vehicle solutions. The Company started volume production of Li ONE in November 2019 and released the 2021 Li ONE in May 2021. The Company leverages technology to create value for its users. It concentrates its in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. Beyond Li ONE, the Company will expand its product line by developing new vehicles, including BEVs and EREVs, to target a broader consumer base.

For more information, please visit: http://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto's strategies, future business development, and financial condition and results of operations; Li Auto's limited operating history; risks associated with extended-range electric vehicles, Li Auto's ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto's ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto's ability to compete successfully; Li Auto's ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto's vehicles; Li Auto's ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto's filings with the SEC. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.

Investor Relations

Email: ir@lixiang.com

The Piacente Group, Inc.

Yang Song

Tel: +86-10-6508-0677

Email: Li@tpg-ir.com

Brandi Piacente

Tel: +1-212-481-2050

Email: Li@tpg-ir.com

Disclaimer

Li Auto Inc. published this content on 01 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2021 10:11:15 UTC.


ę Publicnow 2021
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Financials
Sales 2021 26 271 M 4 120 M 4 120 M
Net income 2021 -747 M -117 M -117 M
Net cash 2021 21 941 M 3 441 M 3 441 M
P/E ratio 2021 -247x
Yield 2021 -
Capitalization 185 B 28 961 M 28 961 M
EV / Sales 2021 6,19x
EV / Sales 2022 3,99x
Nbr of Employees 4 181
Free-Float 10,5%
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Mean consensus BUY
Number of Analysts 17
Last Close Price 28,50 $
Average target price 46,82 $
Spread / Average Target 64,3%
EPS Revisions
Managers and Directors
Xiang Li Chairman & Chief Executive Officer
Ya Nan Shen President & Executive Director
Tie Li Chief Financial Officer & Executive Director
Dong Hui Ma Chief Engineer
Kai Wang Chief Technology Officer
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