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1、 Li Auto Inc.Announces Unaudited First Quarter 2024 Financial Results Quarterly total revenues reached RMB25.6 billion(US$3.6 billion)1 Quarterly deliveries reached 80,400 vehicles BEIJING,China,May 20,2024 Li Auto Inc.(“Li Auto”or the“Company”)(Nasdaq:LI;HKEX:2015),a leader in Chinas new energy veh

2、icle market,today announced its unaudited financial results for the quarter ended March 31,2024.Operating Highlights for the First Quarter of 2024 Total deliveries for the first quarter of 2024 were 80,400 vehicles,representing a 52.9%year-over-year increase.2024 Q1 2023 Q4 2023 Q3 2023 Q2 Deliverie

3、s 80,400 131,805 105,108 86,533 2023 Q1 2022 Q4 2022 Q3 2022 Q2 Deliveries 52,584 46,319 26,524 28,687 As of March 31,2024,in China,the Company had 474 retail stores in 142 cities,356 servicing centers and Li Auto-authorized body and paint shops operating in 209 cities,and 357 super charging station

4、s in operation equipped with 1,544 charging stalls.Financial Highlights for the First Quarter of 2024 Vehicle sales were RMB24.3 billion(US$3.4 billion)in the first quarter of 2024,representing an increase of 32.3%from RMB18.3 billion in the first quarter of 2023 and a decrease of 39.9%from RMB40.4

5、billion in the fourth quarter of 2023.Vehicle margin2 was 19.3%in the first quarter of 2024,compared with 19.8%in the first quarter of 2023 and 22.7%in the fourth quarter of 2023.Total revenues were RMB25.6 billion(US$3.6 billion)in the first quarter of 2024,representing an increase of 36.4%from RMB

6、18.8 billion in the first quarter of 2023 and a decrease of 38.6%from RMB41.7 billion in the fourth quarter of 2023.Gross profit was RMB5.3 billion(US$731.9 million)in the first quarter of 2024,representing an increase of 38.0%from RMB3.8 billion in the first quarter of 2023 and a decrease of 46.0%f