Li Auto sees Q1 revenue $2.9B-$3.1B

Sees Q1 deliveries 85,000-90,000 vehicles. Tie Li, chief financial officer of Li Auto (LI), added, “Despite near-term challenges from product cycle transitions and heightened industry competition, we leveraged our operational strength and disciplined cost management to achieve a resilient gross margin for the fourth quarter. Our solid financial position also underpinned overall performance, resulting in a positive bottom line for the full year. Our year-end cash position remained robust at RMB101.2 billion, providing ample fuel for us to capture the immense opportunities in embodied AI while accelerating global expansion.”