Li Auto’s 2021 Web Loss Will increase 111.9% YoY, CTO Steps Down

Li Auto, a brand new power automobile maker in China, on Friday introduced its unaudited monetary effects for the fourth quarter and entire 12 months ended December 31, 2021.

The corporate’s overall revenues have been 10.62 billion yuan ($1.67 billion) within the fourth quarter of 2021, representing a year-on-year building up of 156.1% whilst gross benefit used to be 2.38 billion yuan, representing a year-on-year building up of 228.5%.

The entire of Li Auto‘s closing 12 months’s overall revenues and gross benefit have been 27.01 billion yuan and 5.76 billion yuan, respectively. Then again, its internet losses reached 321.5 million yuan in 2021, representing an building up of 111.9% from 151.7 million yuan in 2020.

The corporate delivered 35,221 Li ONEs within the fourth quarter of 2021, representing a 143.5% year-over-year building up. Deliveries of the Li ONE for the total 12 months 2021 reached 90,491 cars, representing an building up of 177.4% from 32,624 cars in 2020.

In January 2022, the corporate delivered 12,268 Li ONEs, representing a 128.1% building up from the 12 months sooner than.

As of December 31, 2021, the corporate had 206 retail shops overlaying 102 towns and 278 servicing facilities and had approved frame stores running in 204 towns.

For the primary quarter of 2022, the corporate expects deliveries of cars to be between 30,000 and 32,000 devices, and overall revenues to be between 8.84 billion yuan and 9.43 billion yuan.

SEE ALSO: Li Auto Plans to Ship Li ONEs with Two Radars Lacking Because of Chip Scarcity

Li Auto additionally introduced a control exchange lately. Wang Kai has tendered his resignation as leader era officer of the corporate for private causes. Ma Donghui, the corporate’s leader engineer, will think the tasks in managing Li Auto‘s analysis and building in clever automobile applied sciences. Wang will proceed to function the corporate’s senior marketing consultant till December 31, 2022 to make sure a clean transition.