Li Auto

Li Auto said Li L6 production capacity continues to climb and will top 20,000 units next month.

Li Auto's BEV endeavors appear to be facing structural challenges as transferring its EREV success to BEV is not so straightforward, Deutsche Bank said.

"Li Auto delivered mostly in-line 1Q24 earnings results and 2Q24's volume outlook bracketed our forecast but pricing pressure appears much worse than anticipated," said Deutsche Bank.

Li Auto said it won't release any all-electric SUVs this year; they'll be released in the first half of next year. It said in its last earnings call that it would release three all-electric SUVs in the second half of 2024.

Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.

Thousands of completed Li Megas are currently parked in the parking lot of Li Auto's Beijing plant, according to local media.

Li Auto is accused of exaggerating market demand for the Li Mega and the effectiveness of its operational strategy when it launched the model, allegations that the company refutes.

Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.

Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.

Li Auto has updated the purchase entitlements offered for the Li L6, reducing them by RMB 5,000 from the initial ones.