Finance

Li Auto Reports Unaudited Financial Results for the Fourth Quarter and Full Year of 2023

The total deliveries for the full year 2023 reached 376,030 vehicles

Li Auto announced its unaudited financial results for the quarter and full year of 2023 on February 26th.

Based on its report ,The total deliveries for the 4th quarter of 2023 were 131,805 vehicles, representing a 184.6% YoY increase. The total deliveries for the full year 2023 reached 376,030 vehicles, representing an increase of 182.2% from 133,246 vehicles in 2022. As of December 31, 2023, the Company had 467 retail stores covering 140 cities, as well as 360 servicing centers and Li Auto-authorized body and paint shops operating in 209 cities.

For the financial highlights part, the total revenues were RMB123.85 billion (US$17.44 billion) in 2023, representing an increase of 173.5% from RMB45.29 billion in 2022. The Gross profit was RMB27.50 billion (US$3.87 billion) in 2023, representing an increase of 212.8% from RMB8.79 billion in 2022. And the Gross margin was 22.2% in 2023, compared with 19.4% in 2022.

Check the full report here.

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