Li Auto's second-quarter net income and revenue both fell short of analyst expectations, with weak guidance signaling continued pain ahead.
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Category: Li Auto Earnings
Li Auto reported net income of RMB 646.6 million ($89.1 million) in the first quarter, representing a year-on-year increase of 9.4 percent, despite a decrease of 81.7 percent from the fourth quarter of 2024.
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Li Auto delivered 92,864 vehicles in the first quarter, near the upper end of its guidance range.
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Li Auto expects its vehicle deliveries in the first quarter of 2025 to be in the range of 88,000 to 93,000 units, up 9.5 percent to 15.7 percent year-on-year.
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