Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results
BEIJING, China, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter and full year ended December 31, 2023.
- Tie Li, chief financial officer of Li Auto, added, “We ended the year with another robust performance in the fourth quarter, setting historical highs across multiple financial metrics.
- Vehicle margin was 22.7% in the fourth quarter of 2023, compared with 20.0% in the fourth quarter of 2022 and 21.2% in the third quarter of 2023.
- Gross margin was 23.5% in the fourth quarter of 2023, compared with 20.2% in the fourth quarter of 2022 and 22.0% in the third quarter of 2023.
- Operating margin was 7.3% in the fourth quarter of 2023, compared with negative 0.8% in the fourth quarter of 2022 and 6.7% in the third quarter of 2023.