Shares dipped 0.7% following the earnings release, reflecting investor caution despite new product launches and technological upgrades, as top-line revenue and vehicle sales declined year-over-year.
- Q2 total revenues were RMB 25.7 billion, down 15.1% year-over-year but up 11.7% sequentially.
- Vehicle sales contributed RMB 24.1 billion, down 16.7% year-over-year but increased 11.8% quarter-over-quarter.
- The year-over-year revenue decline was attributed to lower vehicle deliveries and a reduced average selling price.
- Li Auto highlighted significant product refreshes and technology enhancements, including the rollout of an in-house MACH M100 chip and 5C supercharging battery.
- New model launches scheduled for H2 include the Li MEGA and the flagship Li i9, expected to improve competitiveness and BEV sales mix.
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