Li Auto today released its 2024 second quarter financial report, and the financial report data shows:

  • Second quarter total revenue 31.7 billion yuan, up 10.6% year-on-year, up 23.6% quarter-on-quarter;
  • Total vehicle deliveries were 108,581 units, up 25.5% year-on-year;
  • Vehicle margin 18.7%, compared with 21.0% in the same period last year and 19.3% in the first quarter of this year;
  • Gross profit 6.2 billion yuan, down 0.9% from the same period last year, up 16.9% quarter-on-quarter;
  • Gross margin was 19.5%, compared with 21.8% in the same period last year and 20.6% in the first quarter of 2024;
  • For third quarter deliveries, Li Auto's estimate is 145,000 to 155,000 vehicles, an increase of 38.0% to 47.5% compared with the third quarter of 2023.

Overall, Li Auto's revenue and deliveries are both growing, but gross margin and vehicle margin are declining, which may be related to the launch of lower-priced models.

Do you all think Li Auto's third quarter deliveries can exceed 150 thousand vehicles?

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via 42 Hao Garage's Weibo