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$LI AUTO-W(02015)$

$LI AUTO-W(02015)$

BEIJING - Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday

Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY.

We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market," said Xiang Li, chairman and CEO of Li Auto.

Vehicle sales rose 22.9% YoY to RMB41.3 billion ($5.9 billion). Gross margin contracted slightly to 21.5% from 22% a year earlier but improved from 19.5% in Q2.

The company ended the quarter with 479 retail stores across 145 Chinese cities. It also operated 436 servicing centers and 894 super charging stations equipped with 4,286 charging stalls.

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(NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday</p>\n<p>Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY.</p>\n<p>We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market,\" said Xiang Li, chairman and CEO of Li Auto.</p>\n<p>Vehicle sales rose 22.9% YoY to RMB41.3 billion ($5.9 billion). Gross margin contracted slightly to 21.5% from 22% a year earlier but improved from 19.5% in Q2.</p>\n<p>The company ended the quarter with 479 retail stores across 145 Chinese cities. 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Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY.</p>\n<p>We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market,\" said Xiang Li, chairman and CEO of Li Auto.</p>\n<p>Vehicle sales rose 22.9% YoY to RMB41.3 billion ($5.9 billion). Gross margin contracted slightly to 21.5% from 22% a year earlier but improved from 19.5% in Q2.</p>\n<p>The company ended the quarter with 479 retail stores across 145 Chinese cities. It also operated 436 servicing centers and 894 super charging stations equipped with 4,286 charging stalls.</p>\n<p></p>\n<p><br></p></body></html>","text":"$LI AUTO-W(02015)$ $LI AUTO-W(02015)$ BEIJING - Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday Li Auto posted adjusted earnings per share of RMB3.63 ($0.52) for the quarter ended September 30, surpassing analyst estimates of RMB2.68. Revenue came in at RMB42.9 billion ($6.1 billion), topping the consensus forecast of RMB41.6 billion and representing a 23.6% increase YoY. We achieved record-breaking deliveries in the third quarter, further cementing our leadership among Chinese automotive brands in the RMB200,000 and above NEV market,\" said Xiang Li, chairman and CEO of Li Auto. Vehicle sales rose 22.9% YoY to RMB41.3 billion ($5.9 billion). Gross margin contracted slightly to 21.5% from 22% a year earlier but improved from 19.5% in Q2. The company ended the quarter with 479 retail stores across 145 Chinese cities. 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