Li Auto delivered 158,696 cars in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 vehicles.
Li Auto (NASDAQ: LI) saw deliveries rebound to a record high in December, but fourth-quarter deliveries missed guidance.
The company delivered 58,513 vehicles in December, beating the previous record of 53,709 in September to a record high, according to data it released today.
That's up 16.21 percent from 50,353 a year ago and up 20.05 percent from 48,740 in November.
Li Auto delivered 158,696 vehicles in the fourth quarter, which was below the lower end of the guidance range of 160,000 to 170,000 vehicles.
Deliveries for the quarter were up 20.40 percent year-on-year and up 3.84 percent from the third quarter.
For the full year 2024, Li Auto delivered 500,508 vehicles, up 33.10 percent year-on-year.
At the end of December, Li Auto's cumulative deliveries since inception amounted to 1,133,872 vehicles.
As of December 31, 2024, the company had 502 retail stores in 150 cities and 478 service centers and Li Auto authorized body and paint stores in 225 cities.
It operates 1,727 supercharging stations with 9,100 charging piles in China.
Li Auto hasn't launched any new models in the past eight months, the latest being the Li L6 SUV (sport utility vehicle), which was launched on April 18.
The Li L6 is its newest addition to its L-series EREVs after the Li L7, Li L8, and Li L9, with a starting price of RMB 249,800 ($34,220), its least expensive.
Prior to the Li L6, it launched its first battery electric vehicle (BEV) model, the Li Mega MPV (multi-purpose vehicle), on March 1, as well as a 2024 facelift for its L-series EREVs.
Li Auto had originally planned to launch more BEVs in the second half of 2024, but announced on a May 20 earnings call that it was delaying that plan until the first half of 2025.
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