BEIJING, China, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015)), a leader in China's new energy vehicle market, today announced that it delivered 51,443 vehicles in October 2024, up 27.3% year over year. As of October 31, 2024, Li Auto had delivered a total of 393,255 vehicles in 2024, with cumulative deliveries reaching 1,026,619. Driven by robust sales across its model lineup, the Company remained the sales champion of Chinese automotive brands in the RMB200,000 and above NEV market for seven straight months. In October, the Company achieved a significant milestone with over one million cumulative deliveries, becoming the first Chines

Quarterly total revenues reached RMB42.9 billion (US$6.1 billion)1Quarterly deliveries reached 152,831 vehicles BEIJING, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015)), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended September 30, 2024. Operating Highlights for the Third Quarter of 2024 Total deliveries for the third quarter of 2024 were 152,831 vehicles, representing a 45.4% year-over-year increase.   2024 Q3 2024 Q2 2024 Q1 2023 Q4  Deliveries 152,831 108,581 80,400 131,805               2023 Q3 2023 Q2 2023 Q1 2022 Q4  Deliveries 105,108 86,533 52,584 46

BEIJING, China, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will report its unaudited financial results for the third quarter of 2024 before the U.S. market opens on Thursday, October 31, 2024. The Company's management will hold an earnings conference call on Thursday, October 31, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants

Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024 Conference Call and Webcast on September 16th at 8 AM ET NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B software-focused auto services and auto e-insurance in China, today provided a business update and reported financial results for the first half of fiscal year 2024. First Half 2024 Financial Results Total revenue increased by 27% to $203.1 million for the six months ended June 30, 2024, from $159.4 million for the six months ended June 30, 2023.Auto Services ' revenue increased by 9% to $107.5 million for the six mo

BEIJING, China, Sept. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it delivered 48,122 vehicles in August 2024, an increase of 37.8% year over year. This brought the Company's total deliveries in 2024 to 288,103. As of August 31, 2024, its cumulative deliveries reached 921,467 vehicles. "Li L6 has gained widespread popularity among young users, with deliveries exceeding 20,000 for the third consecutive month, further expanding our market share. Notably, our share of the RMB200,000 and higher NEV market grew to 18% in July, outpacing Tesla to become the sales champion am

Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1Quarterly deliveries reached 108,581 vehicles BEIJING, China, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Total deliveries for the second quarter of 2024 were 108,581 vehicles, representing a 25.5% year-over-year increase.   2024 Q2 2024 Q1 2023 Q4 2023 Q3  Deliveries 108,581 80,400 131,805 105,108               2023 Q2 2023 Q1 2022 Q4 2022 Q3  Deliveries 86,533 52,584 46,319 26,524

BEIJING, China, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will report its unaudited financial results for the second quarter of 2024 before the U.S. market opens on Wednesday, August 28, 2024. The Company's management will hold an earnings conference call on Wednesday, August 28, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants

BEIJING, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it delivered 51,000 vehicles in July 2024, setting a new monthly delivery record and representing an increase of 49.4% year over year. This brought the Company's total deliveries in 2024 to 239,981. As of July 31, 2024, its cumulative deliveries reached 873,345 vehicles, ranking first among China's emerging new energy auto brands. "Li L6 sustained its robust sales performance with monthly deliveries continually exceeding 20,000, and has become a blockbuster model in the RMB200,000 to RMB300,000 price range. With

BEIJING, China, July 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it delivered 47,774 vehicles in June 2024, up 46.7% year over year. This brought the Company's second-quarter deliveries to 108,581, increasing 25.5% year over year. As of June 30, 2024, its cumulative deliveries reached 822,345 vehicles, ranking first among China's emerging new energy auto brands. "In June, our sales momentum continued to increase, with monthly deliveries exceeding 40,000 vehicles in total and surpassing 20,000 vehicles for Li L6 alone. Since the second quarter, Li Auto has reclaimed t

BEIJING, June 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that the Company delivered 35,020 vehicles in May 2024, up 23.8% year over year. The cumulative deliveries of Li Auto vehicles reached 774,571 as of the end of May 2024. "We have delivered over 15,000 Li L6s since deliveries began on April 24, setting a record pace for our newly launched models. We are fully committed to securing the supply chain and ramping up production of Li L6 to ensure users receive their vehicles at the earliest possible opportunity. Sales of the 2024 Li L7, Li L8, and Li L9 continue to gain mo

Quarterly total revenues reached RMB42.9 billion (US$6.1 billion)1Quarterly deliveries reached 152,831 vehicles BEIJING, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015)), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended September 30, 2024. Operating Highlights for the Third Quarter of 2024 Total deliveries for the third quarter of 2024 were 152,831 vehicles, representing a 45.4% year-over-year increase.   2024 Q3 2024 Q2 2024 Q1 2023 Q4  Deliveries 152,831 108,581 80,400 131,805               2023 Q3 2023 Q2 2023 Q1 2022 Q4  Deliveries 105,108 86,533 52,584 46

BEIJING, China, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will report its unaudited financial results for the third quarter of 2024 before the U.S. market opens on Thursday, October 31, 2024. The Company's management will hold an earnings conference call on Thursday, October 31, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants

Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024 Conference Call and Webcast on September 16th at 8 AM ET NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B software-focused auto services and auto e-insurance in China, today provided a business update and reported financial results for the first half of fiscal year 2024. First Half 2024 Financial Results Total revenue increased by 27% to $203.1 million for the six months ended June 30, 2024, from $159.4 million for the six months ended June 30, 2023.Auto Services ' revenue increased by 9% to $107.5 million for the six mo

Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1Quarterly deliveries reached 108,581 vehicles BEIJING, China, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Total deliveries for the second quarter of 2024 were 108,581 vehicles, representing a 25.5% year-over-year increase.   2024 Q2 2024 Q1 2023 Q4 2023 Q3  Deliveries 108,581 80,400 131,805 105,108               2023 Q2 2023 Q1 2022 Q4 2022 Q3  Deliveries 86,533 52,584 46,319 26,524

BEIJING, China, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will report its unaudited financial results for the second quarter of 2024 before the U.S. market opens on Wednesday, August 28, 2024. The Company's management will hold an earnings conference call on Wednesday, August 28, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants

Quarterly total revenues reached RMB25.6 billion (US$3.6 billion)1Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over-year increase.   2024 Q1 2023 Q4 2023 Q3 2023 Q2Deliveries 80,400 131,805 105,108 86,533           2023 Q1 2022 Q4 2022 Q3 2022 Q2Deliveries 52,584 46,319 26,524 28,687  As of March

BEIJING, China, May 07, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will report its unaudited financial results for the first quarter of 2024 before the U.S. market opens on Monday, May 20, 2024. The Company's management will hold an earnings conference call on Monday, May 20, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants will receive the

Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.

Quarterly total revenues reached RMB41.73 billion (US$5.88 billion)1Quarterly deliveries reached 131,805 vehiclesFull year total revenues reached RMB123.85 billion (US$17.44 billion)Full year deliveries were 376,030 vehicles BEIJING, China, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter and full year ended December 31, 2023. Operating Highlights for the Fourth Quarter of 2023 and Full Year 2023 Total deliveries for the fourth quarter of 2023 were 131,805 vehicles, representing a 184.6% year-over-year increase. Total delive

BEIJING, China, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will report its unaudited financial results for the fourth quarter and full year 2023 before the U.S. market opens on Monday, February 26, 2024. The Company's management will hold an earnings conference call on Monday, February 26, 2024, at 7:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants wi

Macquarie downgraded Li Auto from Outperform to Neutral and set a new price target of $33.00 from $25.00 previously

Citigroup downgraded Li Auto from Buy to Neutral

CLSA downgraded Li Auto from Buy to Outperform and set a new price target of $25.00

Barclays downgraded Li Auto from Overweight to Equal Weight and set a new price target of $25.00

Macquarie resumed coverage of Li Auto with a rating of Outperform and set a new price target of $40.00

Deutsche Bank upgraded Li Auto from Hold to Buy and set a new price target of $41.00 from $45.00 previously

Goldman initiated coverage of Li Auto with a rating of Buy

Jefferies initiated coverage of Li Auto with a rating of Buy and set a new price target of $20.66

CLSA initiated coverage of Li Auto with a rating of Buy

HSBC Securities initiated coverage of Li Auto with a rating of Buy and set a new price target of $35.00

Key Takeaways: Xiaomi received regulatory clearance to mass produce electric vehicles independently, a crucial move as it seeks to ramp up its high-stakes EV drive The smartphone maker’s big EV ambitions could be undermined by production bottlenecks, quality issues and a weakening consumer demand By Xia Fei Despite its late arrival to the race, Xiaomi Corp.’s (OTC:XIACF)(OTC:XIACY) drive into China’s crowded electric vehicle (EV) market is showing no signs of slowing and may even be gaining momentum. That journey logged another milestone earlier this month when the company better known for its smartphones won a regulatory greenlight to manufacture cars independently instead of relyin

Chinese electric vehicle stocks, including NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV), are trading higher Monday. China, a key AI chip and electric vehicle market, faces several economic challenges, including weak growth in the second quarter and looming deflation. On Monday, the People’s Bank of China (PBOC) announced that it would cut the seven-day reverse repo rate to 1.7% from 1.8% and reduce the one-year loan prime rate (LPR) to 3.35% from 3.45%. Additionally, China lowered the five-year LPR to 3.85% from 3.95%. Also Read: Alibaba, Chinese Tech Stocks And EV Stocks NIO, XPeng, Li Auto Tumble After Disappointing Economic Report EV stocks also got a

Electric vehicle stocks fell across the board, with the decline mostly due to the broader market pullback this week. Tesla, Inc. (NASDAQ:TSLA) extended its weekly declines ahead of next week’s earnings release. Here’s a run down on what happened in the EV space during the week: Tesla Raises Prices: The not-so-successful price-cutting strategy has been discontinued at least for now, with Tesla announcing $2,000 price increases for all variants of the Model S and Model X EVs in U.S. this week. The prices of these models were also hiked in Canada. The company, however, is persisting with its incentives and liberal financing options. Tesla influencer Sawyer Merritt reported that Tesla has

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The S&P 500 and Nasdaq experienced their largest weekly declines since April, falling by 1.97% and 3.65%, respectively, with the Nasdaq breaking a six-week winning streak. Conversely, the Dow rose by 0.72% and the Russell 2000, focused on small-cap stocks, increased by 1.68%. Federal Reserve Chair Jerome Powell highlighted that recent inflation data has increased confidence in achieving the 2% target, prompting investors to bet on a rate cut in September, as indicated by CME Group’s FedWatch tool. Additionally, unemployment claims surged to 243,000 wit

Li Auto Inc. (NASDAQ:LI) shares are trading marginally lower on Wednesday in the premarket session. Chinese stocks may be under pressure after the country’s softer-than-expected second-quarter GDP growth. According to official data released on Monday, the economy expanded by 4.7%. This growth rate, lower than the 5.1% predicted by analysts, reflects the slowest pace since the first quarter of 2023. Meanwhile, Li Auto has reportedly established a specialized team focused on investing in comprehensive AI (artificial intelligence) technology, following in the footsteps of NIO Inc. (NYSE:NIO). Li Auto has recently formed a team dedicated to end-to-end large-model autonomous driving,

Despite new tariffs on Chinese electric vehicles (EVs), foreign automakers are struggling to stay competitive in China’s burgeoning EV market. What Happened: A study by AlixPartners reveals that foreign car companies are falling behind in China’s EV market, which represents over 40% of new passenger cars sold in the country. Stephen Dyer, co-leader and head of AlixPartners’ Asia automotive practice suggests that foreign brands must adopt a different approach and take more risks to make a mark in the market, CNBC reported on Tuesday. "Unless [foreign car brands] change their mindset of developing and manufacturing cars to one that is more willing to take risks, and consider how to desig

Alibaba Group Holding Limited (NYSE:BABA) and peer Chinese technology stocks are trading lower Monday after China's economy grew slower than expected in the second quarter, with a protracted property downturn and job insecurity stalling recovery efforts. The world's second-largest economy expanded by 4.7% from April to June, missing the 5.1% forecast by analysts and marking its slowest growth since Q1 2023. Alibaba's domestic rivals, including PDD Holdings Inc. (NASDAQ:PDD), Baidu, Inc. (NASDAQ:BIDU), JD.Com, Inc. (NASDAQ:JD) and Bilibili Inc. (NASDAQ:BILI), are trading lower on Monday following the dismal macro report. The report also hit Chinese electric vehicle stocks, including

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6-K - Li Auto Inc. (0001791706) (Filer)