Li Auto June deliveries rise 68.9% Y/Y to 13,024; Q2 deliveries of 28,687 exceeds guidance

• Li Auto (NASDAQ:LI) has delivered 13,024 Li ONEs in June 2022, up 68.9% Y/Y, 13.3% M/M.
• The Q2 deliveries reached to 28,687 exceeded the guidance of Q2 delivery range of 21K-24K, representing a 63.2% year-over-year increase.
• The cumulative deliveries of Li ONE have reached 184,491 since the vehicle’s market debut in 2019.
• The Company officially unveiled Li L9 on June 21, 2022, the flagship smart SUV for families. Li L9 is a six-seat, full-size flagship SUV, offering superior space and comfort for family users. Its self-developed flagship range extension and chassis systems provide excellent drivability with a CLTC range of 1,315 kilometers and a WLTC range of 1,100 kilometers.
• As of June 30, 2022, the Company had 247 retail stores in 113 cities, as well as 308 servicing centers and Li Auto-authorized body and paint shops operating in 226 cities.
• In its Q1 earning release, the company guided Q2 deliveries between 21,000 and 24,000 vehicles, representing an increase of 19.5% to 36.6% from the second quarter of 2021.
• LI +1.6% premarket to $38.9.
• Read more on recent sales trends in China.
• Wall Street Analysts give a Strong Buy rating to the stock in contrast to Hold by SA quant rating system.

Comments

[SavvyOrBroke]

Day traded a small portion of my Li holdings. Li has came a long way, for it to continue to go up it has to go thru $2 billion dollars worth of ATM secondary first. That amounts to about 55 million shares. Li has a very bright future with the right products. Little doubt in my mind Li will go up after the secondary is exhausted (assuming no big geopolitical turmoil).

[raph86]

Forward PE of over 500, looking to start a short. Drop this thing to 15 a share (best case scenario)

[SavvyOrBroke]

@raph86 go ahead, short it! 15? I will sell it to you at 80

[raph86]

@SavvyOrBroke looking forward to it my friend. Looking forward to it. 80 by 2030 might happen, maybe

[SavvyOrBroke]

@raph86 If it is going to happen, it will be within 2 years. That's merely 86 billions market cap. With what they are doing, it can go up by leaps and bounds. Good luck with your short.

[userpeter]

Li Auto's new SUV model are trouncing European SUV in the Chinese market, as European models are being displaced. Imagine Li Auto starts exporting more cars.

[Michink]

Incredible results! Increased my long position

[Paolo Gaarten]

$LI what at bubble and look at the numbers released today no wonder they want to sell $2bn stock (6% market cap). Li Auto's deliveries in the second quarter down 9.55 percent from 31,716 vehicles in the first quarter and just 13% growth QoQ.

[Michink]

@Paolo Gaarten nice try! cover your short because you get hit badly

[Baddogrex]

@Paolo Gaarten The L9 is a devastatingly good vehicle and sales will rapidly grow from this brilliant vehicle
Li will be cash generative in 2023 Strong Buy