Li MEGA will become the new explosive product with sales of more than 500,000 RMB
Li MEGA vehicle
On August 9th, Li Auto released its latest financial report yesterday.
The second quarter revenue was 28.65 billion RMB, estimated at 27.21 billion RMB, and 8.73 billion RMB in the same period last year, a year-on-year increase of 228.1%.
At the 2023 second quarter financial report performance meeting, Li Xiang, chairman and CEO of Li Auto, shared the main current situation of Li Auto, as well as the performance outlook for the third quarter of 2023 and other issues of concern to everyone.
The editor summarizes the main contents as follows:
In the third quarter of this year, the delivery volume of Li cars is expected to reach 100,000 to 103,000 units.
Throughout this year, Li Auto is confident that it will exceed the annual delivery target set internally at the beginning of the year by 10-20%, and break through the annual revenue target of 100 billion yuan.
And at the end of this year, hit the monthly delivery milestone of 40,000 vehicles.
In the second half of the year, Li Auto will continue to open urban NOA to early bird users, and at the same time start the early bird test of commuter NOA, so as to popularize urban smart driving to more families.
Li Auto’s first 5C pure electric super flagship model, the Li MEGA, will be released by the end of this year.
Li Xiang said that he is confident that Li MEGA will become the new explosive product with sales of more than 500,000 RMB.
In addition, three pictures of trial vehicles of the new MPV model appeared on the Internet today, which are somewhat similar to the current official preheated Li MEGA shape.
The car is streamlined as a whole, resembling a “bullet”, and the second row will use independent slide rails.
Li MEGA will use an 800V high-voltage platform, equipped with a 5C Qilin battery, and will be released in the fourth quarter of this year.
Li Auto’s second quarter financial report performance meeting record
Li Auto’s second quarter financial report performance meeting record:
In the second quarter of 2023, Li Auto achieved several delivery milestones.
In June, it completed the monthly delivery of more than 30,000 vehicles.
The total delivery volume in the second quarter reached 86,533 vehicles, which was three times that of the same period last year.
2022 total. At the beginning of July, we delivered the 400,000th Li car.
Since the official delivery in December 2019, it took 42 months to become the fastest new car manufacturer in China to reach the delivery of 400,000 cars, of which the 300,000th car was delivered to the No.
The delivery of 400,000 vehicles took less than 4 months. Our delivery volume in July also reached a new high, reaching 34,134 vehicles, and the cumulative delivery exceeded 430,000.
Thanks to our strong product capabilities, as well as the comprehensive improvement of organizational processes and operating capabilities, the three models of the Li L series have maintained sales leadership in their respective market segments.
Since their release in June last year, the cumulative deliveries have exceeded 200,000 car.
According to China Automotive Industry Corporation, in the second quarter, Li L7 continued to be the sales champion of medium and large SUVs above 300,000 RMB;
Li L8 was still the first choice for six-seat SUVs above 300,000 RMB; Li L9 continued to lead the sales list of full-size SUVs.
Li Auto has become the Chinese luxury brand with the highest sales volume in the Chinese market; our sales of new energy brands above 200,000 yuan in China remain the top three, and our market share has increased from about 11% in the first quarter to about 14% in the second quarter.
Our financial performance also continued to improve, driven by delivery growth and operational excellence.
In the second quarter, the company’s revenue, net profit and free cash flow and other financial data set historical records.
The total revenue reached 28.65 billion RMB, a year-on-year increase of 228.1%, the net profit reached 2.31 billion RMB, and the free cash flow reached 9.62 billion RMB.
It is believed that Li Auto’s excellent self-healing ability and abundant cash in hand will firmly support us to spare no effort in investing in research and development, recruiting talents, accelerating business expansion, and establishing long-term competitive barriers.
In the third quarter of this year, the delivery volume of Li cars is expected to reach 100,000 to 103,000 units.
Throughout this year, we are confident that we will exceed the annual delivery target set internally at the beginning of the year by 10-20%, and break through the annual revenue target of RMB 100 billion.
And at the end of this year, hit the monthly delivery milestone of 40,000 vehicles.
In order to support the realization of the delivery target, we will continue to enhance the coordination ability of production, supply and marketing, continue to improve production capacity, and improve supply capacity by optimizing the supply chain management strategy and upgrading the management process.
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