Li Auto has rapidly ascended to the forefront of the Chinese electric vehicle market since its establishment in 2019. Catering specifically to families, the company now proudly showcases a diverse lineup. As of August 2023, Li Auto had successfully delivered an impressive 208,165 vehicles.
August marked a significant milestone for Li Auto.
Deliveries of each L series model surpassed 10,000 units, culminating in an astounding total of 34,914 units. Notably, the L9 model retained its position as the best-seller in its category. Since its debut in the prior August, over 100,000 L9 units have found their way to satisfied customers.
These robust delivery figures are complemented by Li’s strong financial performance.
In the last reported quarter, 2Q23, Li exceeded expectations. The company’s revenue reached an impressive $3.95 billion, a remarkable 228% increase compared to the previous year’s equivalent period. Equally impressive, the Earnings Per Share (EPS) stood at 36 cents – three times the Wall Street projection of 0.12 dollars.
Li Auto shareholders can look forward to sustained profit growth in the next half-year. Simultaneously, the imminent launch of new models slated for 2024 is poised to further expand the company’s footprint and solidify its market share.
In the realm of U.S. stocks, Li Auto emerges as a noteworthy contender.
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