Li Auto Inc. Announces Unaudited Third Quarter 2024 Financial Results

Li Auto Inc., a leader in China's new energy vehicle market, announced its unaudited financial results for the third quarter of 2024. The company reported quarterly total revenues of RMB42.9 billion and delivered 152,831 vehicles. The financial highlights include vehicle sales of RMB41.3 billion, gross profit of RMB9.2 billion, and a gross margin of 21.5%. These results represent significant growth compared to the same quarter in 2023.

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11-01

Stock Track | Li Auto Shares Plummet as Q3 Earnings Disappoint, Competition Intensifies

11-01

Stock Track | Li Auto Shares Plunge as Q3 Profit Slips on Price Competition

11-01

异动解读 | 理想汽车三季度业绩未达预期四季度营收指引平淡引发股价暴跌

User Discussion

HRHRHRHR

10-31

Solid 3rd Quarter Earnings - LI AUTO

Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “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. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and users’ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a

Solid 3rd Quarter Earnings - LI AUTO

HRHRHRHR

10-31

The header information all wrong. Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in the third quarter of 2023, respec

EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%

HRHRHRHR

10-31

Ya lol so shit

EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%

Alvin2042

10-31

This generate by AI? Don't find the missing expectations in error?

EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%

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Announces Unaudited Third Quarter 2024 Financial Results","subtitle":"","subtitle_show":0,"pub_time":1730363400000,"source_id":"dowjones_highlight","language":"en","url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":0,"symbols_score_info":{"ESG":1,"LAAOF":1,"EVS.SI":0.6},"rights":null}],"views":[],"tweetList":[{"id":365920266399840,"gmtCreate":1730376112113,"gmtModify":1730379791020,"author":{"id":"4125545119825582","authorId":"4125545119825582","name":"HRHRHRHR","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4125545119825582","authorIdStr":"4125545119825582"},"themes":[],"title":"Solid 3rd Quarter Earnings - LI AUTO ","htmlText":"Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “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. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and users’ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a","listText":"Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “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. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and users’ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a","text":"Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “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. In October, we celebrated a major milestone: one million cumulative deliveries, a first for emerging new energy automotive brands in China. These remarkable results highlighted our rapidly growing brand influence and users’ strong recognition of our advancements in intelligentization. As our vehicle deliveries continue to grow, we are creating a virtuous cycle of innovation and advancement, driving the intelligentization of Li Auto vehicles to new heights. Notably, our latest autonomous driving solution, which integrates an end-to-end (E2E) model and a","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365920266399840","isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366078671003816,"gmtCreate":1730375247007,"gmtModify":1730379759959,"author":{"id":"4125545119825582","authorId":"4125545119825582","name":"HRHRHRHR","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4125545119825582","authorIdStr":"4125545119825582"},"themes":[],"htmlText":"The header information all wrong.&nbsp; Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in the third quarter of 2023, respec","listText":"The header information all wrong.&nbsp; Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in the third quarter of 2023, respec","text":"The header information all wrong. Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in the third quarter of 2023, respec","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366078671003816","repostId":"2479763467","repostType":2,"repost":{"id":"2479763467","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1730385882,"share":"https://ttm.financial/m/news/2479763467?lang=&edition=fundamental","pubTime":"2024-10-31 22:44","market":"us","language":"en","title":"EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2479763467","media":"Tiger Newspress","summary":"EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinF","content":"<html><head></head><body><p>EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.</p><p>Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/LI\">Li Auto</a> posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbafa929c9aeb399e9a9ed3be1735a7d\" tg-width=\"460\" tg-height=\"574\"/></p><p>The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.</p><p>Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts&#39; estimate of 42.99 billion yuan.</p><p>Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.</p><p>Li Auto&#39;s margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.</p><p>For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.</p><p>The Beijing-based company&#39;s American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.</p><p>By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.</p><p>Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.</p><p>It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.</p><p>Tesla&#39;s &#34;full self-driving&#34; software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain&#39;s neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.</p><p>On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received &#34;overwhelmingly positive&#34; feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-10-31 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.</p><p>Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/LI\">Li Auto</a> posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbafa929c9aeb399e9a9ed3be1735a7d\" tg-width=\"460\" tg-height=\"574\"/></p><p>The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.</p><p>Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts&#39; estimate of 42.99 billion yuan.</p><p>Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.</p><p>Li Auto&#39;s margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.</p><p>For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.</p><p>The Beijing-based company&#39;s American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.</p><p>By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.</p><p>Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.</p><p>It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.</p><p>Tesla&#39;s &#34;full self-driving&#34; software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain&#39;s neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.</p><p>On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received &#34;overwhelmingly positive&#34; feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","NKLA":"Nikola Corporation","LU1720050803.USD":"安联全方位中国股票基金","BK1587":"次新股","02015":"理想汽车-W","BK1119":"汽车制造商","BK1539":"汽车股","RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc","BK1588":"回港中概股","LI":"理想汽车","TSLA":"特斯拉","BK1575":"同股不同权","VFS":"VinFast Auto","NIO":"蔚来","XPEV":"小鹏汽车"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241031:nTUA5LWXVS:4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479763467","content_text":"EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.Chinese electric-vehicle maker Li Auto posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts' estimate of 42.99 billion yuan.Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.Li Auto's margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.The Beijing-based company's American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.Tesla's \"full self-driving\" software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain's neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received \"overwhelmingly positive\" feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366070312730792,"gmtCreate":1730373206413,"gmtModify":1730379759306,"author":{"id":"4125545119825582","authorId":"4125545119825582","name":"HRHRHRHR","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4125545119825582","authorIdStr":"4125545119825582"},"themes":[],"htmlText":"Ya lol so shit&nbsp;","listText":"Ya lol so shit&nbsp;","text":"Ya lol so shit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366070312730792","repostId":"2479763467","repostType":2,"repost":{"id":"2479763467","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1730385882,"share":"https://ttm.financial/m/news/2479763467?lang=&edition=fundamental","pubTime":"2024-10-31 22:44","market":"us","language":"en","title":"EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2479763467","media":"Tiger Newspress","summary":"EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinF","content":"<html><head></head><body><p>EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.</p><p>Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/LI\">Li Auto</a> posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbafa929c9aeb399e9a9ed3be1735a7d\" tg-width=\"460\" tg-height=\"574\"/></p><p>The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.</p><p>Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts&#39; estimate of 42.99 billion yuan.</p><p>Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.</p><p>Li Auto&#39;s margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.</p><p>For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.</p><p>The Beijing-based company&#39;s American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.</p><p>By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.</p><p>Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.</p><p>It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.</p><p>Tesla&#39;s &#34;full self-driving&#34; software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain&#39;s neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.</p><p>On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received &#34;overwhelmingly positive&#34; feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-10-31 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.</p><p>Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/LI\">Li Auto</a> posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbafa929c9aeb399e9a9ed3be1735a7d\" tg-width=\"460\" tg-height=\"574\"/></p><p>The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.</p><p>Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts&#39; estimate of 42.99 billion yuan.</p><p>Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.</p><p>Li Auto&#39;s margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.</p><p>For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.</p><p>The Beijing-based company&#39;s American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.</p><p>By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.</p><p>Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.</p><p>It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.</p><p>Tesla&#39;s &#34;full self-driving&#34; software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain&#39;s neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.</p><p>On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received &#34;overwhelmingly positive&#34; feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","NKLA":"Nikola Corporation","LU1720050803.USD":"安联全方位中国股票基金","BK1587":"次新股","02015":"理想汽车-W","BK1119":"汽车制造商","BK1539":"汽车股","RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc","BK1588":"回港中概股","LI":"理想汽车","TSLA":"特斯拉","BK1575":"同股不同权","VFS":"VinFast Auto","NIO":"蔚来","XPEV":"小鹏汽车"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241031:nTUA5LWXVS:4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479763467","content_text":"EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.Chinese electric-vehicle maker Li Auto posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts' estimate of 42.99 billion yuan.Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.Li Auto's margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.The Beijing-based company's American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.Tesla's \"full self-driving\" software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain's neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received \"overwhelmingly positive\" feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365939280785464,"gmtCreate":1730365641630,"gmtModify":1730365645728,"author":{"id":"3574415414802540","authorId":"3574415414802540","name":"Alvin2042","avatar":"https://static.tigerbbs.com/7eeb010e22e591b88d14cca40e702538","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574415414802540","authorIdStr":"3574415414802540"},"themes":[],"htmlText":"This generate by AI? Don't find the missing expectations in error?","listText":"This generate by AI? Don't find the missing expectations in error?","text":"This generate by AI? Don't find the missing expectations in error?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365939280785464","repostId":"2479763467","repostType":2,"repost":{"id":"2479763467","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1730385882,"share":"https://ttm.financial/m/news/2479763467?lang=&edition=fundamental","pubTime":"2024-10-31 22:44","market":"us","language":"en","title":"EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2479763467","media":"Tiger Newspress","summary":"EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinF","content":"<html><head></head><body><p>EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.</p><p>Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/LI\">Li Auto</a> posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbafa929c9aeb399e9a9ed3be1735a7d\" tg-width=\"460\" tg-height=\"574\"/></p><p>The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.</p><p>Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts&#39; estimate of 42.99 billion yuan.</p><p>Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.</p><p>Li Auto&#39;s margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.</p><p>For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.</p><p>The Beijing-based company&#39;s American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.</p><p>By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.</p><p>Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.</p><p>It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.</p><p>Tesla&#39;s &#34;full self-driving&#34; software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain&#39;s neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.</p><p>On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received &#34;overwhelmingly positive&#34; feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Shares Drop. Li Auto Plummets 13% as Profit Slips; Lucid Falls 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-10-31 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.</p><p>Chinese electric-vehicle maker <a href=\"https://laohu8.com/S/LI\">Li Auto</a> posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bbafa929c9aeb399e9a9ed3be1735a7d\" tg-width=\"460\" tg-height=\"574\"/></p><p>The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.</p><p>Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts&#39; estimate of 42.99 billion yuan.</p><p>Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.</p><p>Li Auto&#39;s margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.</p><p>For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.</p><p>The Beijing-based company&#39;s American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.</p><p>By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.</p><p>Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.</p><p>It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.</p><p>Tesla&#39;s &#34;full self-driving&#34; software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain&#39;s neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.</p><p>On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received &#34;overwhelmingly positive&#34; feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","NKLA":"Nikola Corporation","LU1720050803.USD":"安联全方位中国股票基金","BK1587":"次新股","02015":"理想汽车-W","BK1119":"汽车制造商","BK1539":"汽车股","RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc","BK1588":"回港中概股","LI":"理想汽车","TSLA":"特斯拉","BK1575":"同股不同权","VFS":"VinFast Auto","NIO":"蔚来","XPEV":"小鹏汽车"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241031:nTUA5LWXVS:4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2479763467","content_text":"EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinFast fell over 4%; Tesla fell over 1%.Chinese electric-vehicle maker Li Auto posted a slight fall in profit for the third quarter despite higher revenue as lower selling prices weighed on earnings.The hybrid-vehicle specialist on Thursday said net profit fell 0.3% to 2.81 billion yuan, equivalent to about $395 million. That topped the 2.62 billion yuan consensus estimate of analysts in a Visible Alpha poll.Revenue for the quarter rose 24% from a year earlier to 42.87 billion yuan, just missing analysts' estimate of 42.99 billion yuan.Gross margin was 21.5%, down from 22.0% a year ago but up from 19.5% in the second quarter, the company said. Its vehicle margin declined to 20.9% from 21.2% a year earlier but was higher than 18.7% in the second quarter. The company attributed the sequential increase to cost reduction, partially offset by lower average selling prices.Li Auto's margins were pressured by price cuts to flagship models and a low price tag for the L6, a premium five-seat SUV. The EV maker sold 152,831 vehicles during the period, meeting its delivery guidance.For the fourth quarter, the company said it expects to deliver between 160,000 and 170,000 vehicles and post revenue of 43.2 billion yuan to 45.9 billion yuan.The Beijing-based company's American depositary receipts, down more than 22% this year, fell about 6% in premarket trading.By comparison, EV leader Tesla reported an automotive gross margin of 20.1% for the third quarter.Li Auto remains among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres and XPeng.It has also joined the race to develop autonomous-driving technology as competition with Chinese automakers heats up.Tesla's \"full self-driving\" software, which can drive its EVs in most situations but requires constant human supervision, uses AI and learning tools modeled on the human brain's neural networks. Chinese carmakers are working to train their own AI models and develop similar autonomous-driving technology.On Thursday, Li Auto Chairman and Chief Executive Li Xiang said its latest autonomous-driving solution has received \"overwhelmingly positive\" feedback. The EV maker rolled out the new tech on a full scale to more than 320,000 users in October, he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}