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Li Auto: Evidence has been collected and the case has been reported!

Editor: Zhang Jinhe

On April 13, the legal department of Li Auto posted on Weibo that the recent online rumors such as "the latest progress of Li Auto's going overseas" and "Uzbekistan signing" are all false rumors, and we hereby clarify:

After verification, the "Uzbekistan Sales Authorization Contract" shown in some online pictures is not the official act of Li Auto, and the picture is fraudulently created and disseminated false information in the name of Li Auto. In addition, Li Auto has not organized or received any factory visits to dealers, and Li Auto has collected relevant evidence and reported the case to the public security authorities regarding the description of the relevant personnel's so-called visit to the Li Auto factory. The details will await the results of the police investigation.

The general public is requested to know the truth and not to believe or spread rumors.

Li Auto: Evidence has been collected and the case has been reported!

Previously, a blogger posted that someone had recently signed a contract with Uzbekistan for the official authorized sales of Ideal Automobile, and organized a visit to the Ideal Changzhou factory.

Li Auto: Evidence has been collected and the case has been reported!

Image source: Sina Weibo

It is worth noting that on July 18, 2023, Li Xiang, chairman and CEO of Li Auto, posted on Weibo that Li Auto will not do overseas markets before 2025, and will concentrate all resources to achieve the goal of 2025, and the overseas market will still maintain a direct sales model.

Li Auto: Evidence has been collected and the case has been reported!

On April 1, 2024, Li Auto announced its March 2024 delivery data. In March 2024, Li Auto delivered 28,984 new vehicles, up 39.2% year-on-year. A total of 80,400 vehicles were delivered in the first quarter of 2024, up 52.9% year-on-year. As of March 31, 2024, Li Auto has delivered a total of 713,764 vehicles.

In 2023, Li Auto's revenue will be 123.85 billion yuan, a year-on-year increase of 173.5%, and its net profit will reach 11.81 billion yuan, turning losses into profits for the first time, with a gross profit margin of 22.2%, becoming the first new power car company in China to achieve annual profitability.

As of the close of the previous day, Li Auto (LI, stock price $29.39, market capitalization $31.18 billion) shares fell 4.7%.

Li Auto: Evidence has been collected and the case has been reported!

The daily economic news is synthesized from the Weibo of the Legal Department of Li Auto, Li Xiang Weibo, and public information

Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Do so at your own risk.

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