Li Auto Inc ADR

LI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Li Auto Earnings: Revenue in Line; Profit Beat on Stronger Vehicle Margin Recovery

Vincent Sun

Nov 1, 2024

Li Auto’s third-quarter revenue was 2% above guidance and largely in line with our expectation. Net profit beat as margin recovered from the past quarter's trough. Vehicle margin was flat year on year but picked up 220 basis points from past quarter supported by larger delivery and supplier rebate.

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Li Auto Inc ADR

Li Auto Earnings: Revenue in Line; Profit Beat on Stronger Vehicle Margin Recovery

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