(Li Auto) Li Auto Inc. reported a total of 17,575 vehicle deliveries in the second quarter, a 166.1% year-over-year jump.
Following a robust quarter, Li Auto narrowed net losses to RMB235.5 million or $36.5 million, down 34.6% from the first quarter of 2021.
Revenues rose 40.9% from the first quarter to RMB5.04 billion or $780.4 million in the second quarter.
The gross margin was 18.9%, up from 17.3% in the first quarter of 2021.
Li Auto’s free cash flows rose by 72.2% in the first quarter to RMB982.1 million or $152.1 million in the second quarter.
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