Li Auto misses top-line and bottom-line estimates; initiates Q2 outlook

Business Outlook

For the second quarter of 2024, the company expects:

• Deliveries of vehicles to be between 105,000 and 110,000 vehicles, representing an increase of 21.3% to 27.1% from the second quarter of 2023.
• Total revenues to be between RMB29.9 billion (US$4.1 billion) and RMB31.4 billion (US$4.3 billion), representing an increase of 4.2% to 9.4% from the second quarter of 2023.