Li Auto will launch two all-electric SUVs this year, including the Li i8 in July and another model, the Li i6, in the second half of the year.
Li Auto (NASDAQ: LI) today announced its fourth-quarter 2024 earnings results, followed by an analyst call.
Below are the key takeaways from the call, with the latest at the top.
Expanding into overseas markets is one of Li Auto's core strategies for 2025. The company set up a separate overseas market development department after the Chinese New Year, bringing a group of experienced people into the team.
Li Auto will select dealer partners to work together in overseas markets, with 2025 being the first year the company will officially begin expanding overseas.
Li Auto aims to sell 10,000 to 15,000 Li Mega MPVs (multi-purpose vehicle) this year.
Li Auto's gross margin guidance for the first quarter is around 19 percent due to the Chinese New Year and slow automotive market in the quarter.
Li Auto believes that the penetration rate of new energy vehicles (NEVs) in China will continue to increase in 2026, with consumers favoring brands with higher sales volumes.
The leading brands in each price segment will further increase their market share by their product and sales advantages.
Li Auto's investment in the field of AI (artificial intelligence) will continue to increase, but the basic principle is to be based on the blood-forming ability of the main business itself.
Li Auto believes that it should be a device manufacturer in the AGI (artificial general intelligence) era.
Li Auto's expansion into overseas markets is now progressing as planned, with good progress being made in Central Asia, Asia Pacific and other markets at this stage.
The company will continue to increase its investment in Latin America, the Middle East and Europe.
Li Auto's introduction of authorized dealers in overseas markets has been gradually carried out.
With a number of high-quality and experienced authorized dealers on board, the company is confident that it will be able to gain a good incremental sales volume in overseas markets this year.
Li Auto will grow its sales this year by upgrading its products, expanding its sales network, strengthening its marketing, and accelerating overseas market expansion.
The company now has more than 502 sales outlets.
Li Auto has launched the Fanxing program to increase coverage in less developed tier 4 and tier 5 cities with aftermarket service partners.
Li Auto will launch two all-electric SUVs this year, including the Li i8 in July and another model, the Li i6, in the second half of the year, at a similar pace to the 2022 launch of the Li L9 and Li L8.
The purpose of this new car release cadence is to support sales in the second half of the year, as well as to stockpile orders for the first quarter of next year.
Li Auto aims to have 2,500 supercharging stations at the launch of its first all-electric SUV (sport utility vehicle), the Li i8, and to increase the number to more than 4,000 by the end of 2025.
The company currently has 1,905 supercharging stations in China, according to its charging map.
Li Auto has initiated research and development on the next-generation VLA (Visual-Language-Action) smart driving large model, which will be released alongside the Li i8, the company's management said.
Li Auto previously said the Li i8 would be launched in July.
In 2025, Li Auto will continue to push forward with the expansion of its sales networks.
Li Auto has already established direct service centers in Kazakhstan, Dubai and Uzbekistan.
In 2025, the company will increase its overseas expansion efforts to explore markets with high growth potential, and believes that more and more Li Auto vehicles will be traveling in different countries in the future.
Li Auto sees net income rebound sequentially in Q4, guidance for Q1 below estimates
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