Chinese electric vehicle (EV) maker Li Auto said on Tuesday it will release its unaudited financial results for the fourth quarter and full year 2024 on March 14, ahead of U.S. market hours.
The company will hold an earnings call at 8:00 a.m. U.S. Eastern time (8:00 p.m. Beijing time) the same day to discuss the results and provide an update on its outlook, it said in a statement.
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Li Auto delivered 158,696 vehicles in the fourth quarter, falling short of its earlier guidance of 160,000 to 170,000 units. The figure represented a 20.4% increase from a year earlier and a 3.84% rise from the previous quarter.
For full-year 2024, the company reported total deliveries of 500,508 vehicles, marking a 33.1% year-on-year increase.
In its third-quarter earnings report on October 31, Li Auto forecast fourth-quarter revenue in the range of 43.2 billion yuan ($5.94 billion) to 45.9 billion yuan, up 3.5% to 10% from the previous year.
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The company had posted record revenue of 42.9 billion yuan in the third quarter, a 23.6% increase from a year earlier and a 35.3% rise from the second quarter. Net income for the period stood at 2.82 billion yuan, up 0.3% year-on-year and 156.2% quarter-on-quarter. Gross margin came in at 21.5%, down from 22.0% a year earlier but higher than the 19.5% recorded in the second quarter.
Li Auto’s upcoming 2025 product roadmap is expected to be a key topic in the March 14 call. The company recently unveiled plans for its first all-electric SUV, the Li i8, and shared initial images of the model.