Chinese EV maker Li Auto released its unaudited third-quarter earnings on Monday. The financial report shows that its total revenues were 7.78 billion yuan ($1.21 billion) in the third quarter of 2021, representing an increase of 209.7% from 2.51 billion yuan in the third quarter of 2020.
The company’s net loss was 21.5 million yuan Q3, representing a decrease of 79.9% from 106.9 million yuan in the third quarter of 2020.
The third quarter of 2021 saw the the EV maker’s gross profit hit 1.81 billion yuan, representing an increase of 264.8% from 496.8 million yuan. Its gross margin was 23.3%, compared with 19.8% in the third quarter of 2020.
Deliveries of Li ONEs were 25,116 vehicles, representing a 190.0% year-over-year increase. In October this year, Li Auto
As of October 31, 2021, Li Auto
In October 2021, Li Auto
“We are also excited to raise over HK$13 billion net proceeds through our dual primary listing, including the issue of over-allotment shares, further strengthening our capital base for future growth. We will build upon our recent success to further expand our business, and remain focused on R&D to make progress in electrification, smart cockpit, and ADAS technologies simultaneously,” said Li Tie, Li Auto
For the fourth quarter of 2021, the company expects deliveries of vehicles to be between 30,000 and 32,000 vehicles, representing an increase of 107.4% to 121.2% from the fourth quarter of 2020. Total revenues should between 8.82 billion yuan and 9.41 billion yuan, representing an increase of 112.7% to 126.9% from the fourth quarter of 2020.