Yesterday, Li Auto announced its annual results, with revenue of 1238500 million yuan, it is the first car company in the new domestic car-making force to exceed 100 billion yuan in revenue. Compared to last year's 452900 million yuan, and revenue soared by 173%. What's even more gratifying is that the net profit reached 11.8 billion yuan, achieving the first profit of the year.
The capital market has also moved, and the stock price has risen by more than 10%, reaching a market value of $44 billion, more than twice the market value of NIO and Xpeng combined.
Last year, 37 new cars were delivered ideally60,000 units, rising quarter by quarter throughout the year, and 1320,000 units, with a sales target of 800,000 units this year. In other words, this year, Li Auto will also strive to achieve a quarter-by-quarter growth in sales, but judging from the sales data at the beginning of the year, Ideal has been overtaken compared to its competitors. So this goal is not easy, but there is hope.
With more than 100 billion cash reserves in hand, Li Auto can also invest a large amount of money in the research and development of its heart without financing, especially in the slightly outdated autonomous driving. Last year's R&D investment has exceeded 10 billion, and this year it will probably reach nearly 20 billion.
The ideal model from the beginning of the hybrid to the current hybrid electric two-legged walking, and Weilai, Wenjie is the same as the high-end market of medium and large cars, the biggest competitor is Wenjie, after all, Wenjie also achieved adjustment growth last year. There is another pure electric vehicle manufacturer coming out soon, and that is Xiaomi. I always think that among the new energy car companies, the three that came out are BYD and Xiaomi, and it is difficult to judge who is left.
The main reason for being optimistic about Xiaomi is Lei Jun. As a serial success, he has always been in the field he is familiar with, and the car is no exception, and there is no reason why he would lose to others. Moreover, Lei Jun's Xiaomi has its own brand halo, and there is a cash capacity that other new car-making forces do not have, so there is no need to take the detour for financing. More importantly, the future car must be Internet-based, the car is the same as a mobile phone, just an electronic product, a consumer terminal, the understanding of the Internet ecology, I believe that there is no second person in China who can compare with Lei Jun.