"Li Auto's Record Profits Propel Stock to New Heights"
TL;DR Summary
Li Auto's stock surged after the Chinese EV company reported its first-ever annual net profit and nearly tripled its vehicle deliveries year-over-year, with 131,805 vehicles delivered in the quarter. The company also saw a significant increase in gross profit and maintained a 22.7% margin per vehicle during the fourth quarter of 2023.
Topics:business#annual-net-profit#business-finance#chinese-ev#li-auto#stock-surge#vehicle-deliveries
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- Li Auto Crushes EPS Views. The EV Stock Is Racing Higher. Investor's Business Daily
- Li Auto Forecasts Softer Sales After Posting Surge in Quarterly Revenue, Profit The Wall Street Journal
- LI Earnings: Li Auto Races Ahead on Impressive Q4 Performance - TipRanks.com TipRanks
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