(Li Auto) Li Auto Inc. said that it delivered a total of 35,221 vehicles in the fourth quarter of 2021, an increase of 40.2% from the previous quarter and 143.5% from the prior year.
FY21 deliveries of Li ONEs was 90,491, an increase of 177.4% from the previous year.
The EV maker reported that its total vehicle sales in the fourth quarter was RMB10.38 billion or US$1.63 billion, an increase of 155.7% from the previous year’s quarter. The vehicle margin was 22.3%, up from 17.1% in the prior year.
Overall, Li Auto’s total revenues were $10.62 billion or $1.67 billion, an increase of 156.1% from the fourth quarter of 2020.
The net income improved to RMB295.5 million or $46.4 million in the fourth quarter, compared to RMB107.5 million in the prior year.
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