Quarterly Results
Xpeng Q1 earnings beat estimates, gross margin bounces back to over 1-year high
Xpeng's first-quarter revenue beat Wall Street estimates, gross margin rebounded further to a new high since the third-quarter of 2022, despite conservative guidance for second-quarter deliveries.
Li Auto Q1 2024 earnings: Deutsche Bank's 1st look
"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 Q1 2024 earnings call: Live updates
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 sees net income fall in Q1, guidance for Q2 misses expectations
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.
Xpeng to report Q1 2024 earnings on May 21
Xpeng delivered 21,821 vehicles in the first quarter, slightly above the lower end of the guidance range of 21,000 - 22,500 vehicles.
Li Auto to report Q1 2024 earnings on May 20
Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.