Li Auto achieved record-breaking performance in Q3 2024, with total revenues reaching RMB42.9 billion ($6.1 billion), up 23.6% YoY. Vehicle deliveries surged to 152,831 units, representing a 45.4% YoY increase. The company maintained robust profitability with a gross margin of 21.5% and net income of RMB2.8 billion ($402 million).The company's operational metrics showed significant strength, with vehicle margin at 20.9% and operating income of RMB3.4 billion ($489 million), up 46.7% YoY. Operating cash flow remained strong at RMB11.0 billion ($1.6 billion), while free cash flow reached RMB9.1 billion ($1.3 billion). The company's cash position stood at RMB106.5 billion ($15.2 billion) as of September 30, 2024.Looking ahead to Q4 2024, Li Auto expects vehicle deliveries between 160,000 and 170,000 units, projecting a 21.4% to 29.0% YoY growth. The company recently achieved a milestone of one million cumulative deliveries, becoming the first emerging new energy automotive brand in China to reach this benchmark.

Li Auto achieved record-breaking performance in Q3 2024, with total revenues reaching RMB42.9 billion ($6.1 billion), up 23.6% YoY. Vehicle deliveries surged to 152,831 units, representing a 45.4% YoY increase. The company maintained robust profitability with a gross margin of 21.5% and net income of RMB2.8 billion ($402 million).The company's operational metrics showed significant strength, with vehicle margin at 20.9% and operating income of RMB3.4 billion ($489 million), up 46.7% YoY. Operating cash flow remained strong at RMB11.0 billion ($1.6 billion), while free cash flow reached RMB9.1 billion ($1.3 billion). The company's cash position stood at RMB106.5 billion ($15.2 billion) as of September 30, 2024.Looking ahead to Q4 2024, Li Auto expects vehicle deliveries between 160,000 and 170,000 units, projecting a 21.4% to 29.0% YoY growth. The company recently achieved a milestone of one million cumulative deliveries, becoming the first emerging new energy automotive brand in China to reach this benchmark.