Li Auto Inc. reported a significant rebound in its net income for the fourth quarter of 2024, reaching CNY3.5 billion (USD484 million), despite a yearly decline of 38.6% from the previous year. The company's revenue for the quarter increased by 6.1% to CNY44.3 billion (USD6.1 billion), setting a new quarterly record. However, the annual net income for 2024 fell by 31.9% to CNY8 billion from the previous year. Li Auto's gross margin experienced a slip during the quarter. For the full year of 2024, Li Auto delivered a total of 500,508 vehicles, marking a 33.1% increase from the 376,030 vehicles delivered in 2023. The company anticipates vehicle deliveries for the first quarter of 2025 to range between 88,000 and 93,000 units, projecting a year-on-year growth of 9.5% to 15.7%. March deliveries are expected to be between 31,810 and 36,810 units. Despite the positive revenue growth, Li Auto's stock experienced a decline in pre-market trading, falling approximately 3.3% to 4.53% after the earnings announcement. This drop was attributed to the company's first-quarter earnings forecast, which missed analyst estimates amid intensifying competition in the Chinese market. Earnings per American Depositary Share (EPADS) for the quarter were $0.52, while revenue was reported at $6.07 billion, both figures missing analyst estimates. Looking ahead, Li Auto plans to launch two all-electric SUVs in 2025, the Li i8 in July and the Li i6 in the second half of the year. The company also aims to expand its charging infrastructure, targeting 2,500 supercharging stations at the launch of the Li i8 and increasing to over 4,000 by the end of 2025. Currently, Li Auto has 1,905 supercharging stations in China.