- Li Auto delivered 92,864 vehicles in the first quarter, near the upper end of its guidance range.
- Li Auto had previously guided first-quarter revenue down 8.7 percent to 3.5 percent year-on-year.
Li Auto (NASDAQ: LI) announced today that it will report unaudited financial results for the first quarter on Thursday, May 29, before the US market opens.
The company's management will host an earnings conference call on May 29 at 8:00 am US Eastern time, or 8:00 pm Beijing time.
Already released figures show that Li Auto delivered 92,864 vehicles in the first quarter, which sits near the upper end of its previously guided range of 88,000 to 93,000 units.
Deliveries for the quarter were up 15.50 percent year-on-year, but down 41.48 percent from the fourth quarter of 2024.
Li Auto previously guided first-quarter revenue to be in the range of RMB 23.4 billion yuan ($3.2 billion) to 24.7 billion yuan, down 8.7 percent to 3.5 percent year-on-year.
The company, like its major local peers, saw a weak start to the year.
Li Auto delivered 33,939 vehicles in April, up 31.61 percent from 25,787 a year ago but down 7.46 percent from 36,674 in March.
In the January-April period, Li Auto delivered 126,803 vehicles, up 19.41 percent year-on-year.
Li Auto currently offers five models -- Li L6, Li L7, Li L8, Li L9, and Li Mega -- of which the L-series models are extended-range SUVs (sport utility vehicles), while the Li Mega is a pure electric MPV (multi-purpose vehicle) model.
The company launched the updated Li Mega on April 23 and the updated L-series EREVs on May 8.
Deliveries of the updated L-series began on May 9, and deliveries of the updated Li Mega are set to begin later this month.
($1 = RMB 7.2129)
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