LI - Why Is Chinese EV Stock Li Auto Trading Higher Monday? | Benzinga
Li Auto Inc (NASDAQ:LI) reported fourth-quarter fiscal 2023 revenue growth of 136.4% year-on-year to $5.88 billion, beating the consensus of $5.48 billion.
Adjusted net earnings per ADS attributable to ordinary shareholders was $0.60 in the fourth quarter of 2023. The stock price climbed after the results.
Vehicle sales increased 133.8% to $5.69 billion, mainly attributable to the increase in vehicle deliveries. Total vehicle deliveries were 131,805 units in the quarter, an 184.6% year-on-year increase.
The vehicle margin grew by 270 bps Y/Y to 22.7%, while the gross margin expanded by 330 bps Y/Y ...