Li Auto Tops 500K Deliveries In 2024, Sees Q1 Slowdown

Li Auto Inc (NASDAQ:LI) reported fiscal fourth-quarter 2024 revenue growth of 6.1% year-on-year to 44.3 billion Chinese yuan ($6.07 billion), missing the analyst consensus of 44.6 billion Chinese yuan. 

Its adjusted net earnings per ADS were 3.79 Chinese yuan ($0.52), beating the analyst consensus of 2.87 Chinese yuan. The stock price fell after the print.

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Vehicle sales increased 5.6% to $5.8 billion due to increased vehicle deliveries partially offset by the lower average selling price, mainly due to different product ...