Li Auto Inc. (02015.HK, LI.US) Q1 2026 Earnings Conference Call
Live time: May 28, 2026 07:00
Li Auto Inc. (02015.HK, LI.US) Q1 2026 Earnings Conference Call
Live time: 05/28/2026 07:00:00
理想汽车 (02015.HK、LI.US) 2026 年第一季度业绩电话会
Summary
00:00
Opening Remarks by Janet Zhen
Janet Zhen, Director of Investor Relations at Leonardo, welcomed participants to the company's Q1 2026 earnings call and provided disclaimers regarding forward-looking statements and GAAP/non-GAAP measures.
02:23
CEO Stanley Sun Business Overview
CEO Stanley Sun highlighted that Leonardo Auto achieved significant growth with the L9 model maintaining a monthly sales rate of 20,000 units, securing a top position in the Chinese NEV market. The newly launched L9 flagship SUV has set benchmarks in market share and innovation.
04:03
Product Launch and Future Models Overview
CEO announced the upcoming launch of the L8, a five-seater flagship SUV modeled after the L9, expected to further strengthen Leonardo's foothold in the high-end market. It features enhanced comfort, performance, and global market adaptability.
04:31
Milestone Technology Deployment
CEO introduced the Mach M100 chip and VLA model as proprietary technologies highlighting technological leadership. These advancements promise improved AI processing and cost efficiency, further positioning Leonardo Auto as a leader in smart vehicle innovation.
06:15
Future AI and Software Announcements
Leonardo plans a detailed AI-focused conference in June to showcase advancements in smart driving systems, software integration, and user interaction, further enhancing its flagship offerings.
11:17
CFO Johnny Tilly Financial Highlights
CFO Johnny Tilly reported Q1 revenue of RMB 23 billion, down 11.4% YoY. Vehicle sales revenue reached RMB 21.5 billion. Q2 delivery guidance estimates between 95,000 and 100,000 units, targeting recovery in profit margins.
19:25
L9 Order and Production Overview
President Donghui Ma detailed the L9's strong market reception, with 90% of orders for the Livis version. Initial production was constrained by supply bottlenecks but is expected to stabilize at 4,000–5,000 units/month. Q2 deliveries are projected at 8,000 units.
25:26
Q2 Profit Margin and Long-term Goals
CFO projected profit margin recovery above 10% for Q2 as it benefits from new model deliveries. Annual profitability improvements are anticipated through product lineup optimization.
28:31
Mach M100 Impact on Smart Driving
CTO Yan Xi explained the Mach M100 chip paired with VLA models significantly enhances driving performance and safety. Targeting semi-autonomous Level 3 capabilities by late 2026, Leonardo aims for a leap in smart driving capabilities.
36:47
L8 Details and Future AI Strategy
Leonardo shared updates on the L8, set for June launch with features such as a spacious design and advanced powertrain. Additionally, management emphasized AI as the defining factor in the mid-to-high-end EV market.
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