Li Auto

Li Auto Inc. is a Nasdaq-listed company (ticker: LI) that reported a net income of RMB 591.1 million ($81.6 million) in Q1 2024, down 36.7% from the previous year and down 89.7% from Q4. The company is involved in the energy vehicle market in China, designing, developing, manufacturing, and selling premium smart electric vehicles such as MPVs and sport utility vehicles. It also provides sales and after-sales management, technology development, corporate management services, and purchases manufacturing equipment. Li Auto operates through online and offline channels. The company was formerly known as Leading Ideal Inc., changed its name to Li Auto Inc. in July 2020, and is headquartered in Beijing.

Biography:  https://finance.yahoo.com/quote/LI/

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

No current examples available.

Conflicts of Interest

100%

Examples:

No current examples available.

Contradictions

85%

Examples:

  • Lower Q2 delivery guidance than Wall Street expectations.
  • Net income down 36.7% from a year earlier and down 89.7% from the fourth quarter.
  • No all-electric SUVs to be released this year.

Deceptions

100%

Examples:

No current examples available.

Recent Articles

Li Auto Reports Q1 2024 Financial Results: Revenue and Earnings Miss Analyst Estimates, Stock Price Drops

Li Auto Reports Q1 2024 Financial Results: Revenue and Earnings Miss Analyst Estimates, Stock Price Drops

Broke On: Tuesday, 21 May 2024 Li Auto reported Q1 2024 financial results with a 36.4% revenue increase to RMB25.6 billion, driven by a 52.9% surge in vehicle deliveries to 80,400 units. However, the company missed analyst expectations for revenue and adjusted net earnings per ADS due to declining vehicle margins and income from operations. Li Auto's stock price dropped following the announcement and concerns about competition from Chinese EV makers like Nio and Tesla China, as well as international players. The company also announced no all-electric SUV releases this year, adding to investor concerns.