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Li currently offers three EREV models (L7/L8/L9) and anticipates its fourth EREV model (L6) will begin contributing to sales as soon as the 2nd or 3rd quarters of 2024.
Li has outlined its intentions to introduce its inaugural BEV model (Mega) in the fourth quarter of 2023, with deliveries slated for the first quarter of 2024. Looking forward to the year 2024, the company has also laid out plans for the introduction of three more BEV models, scheduled for delivery in the latter half of the year.
In the short term, Li is confident that the automaker can achieve 40k monthly deliveries in 4Q23. They’re seeing more and more demand, but right now, the number of shipments they can make is stalled by supply chain issues.
“Going forward, Li will focus more on management and communication with the supply chain and believes that suppliers will be more convinced and supportive as its volume grows further.” BofA analysts wrote.
BofA factors in the full product line-up in the coming years for Li and lifted their 2023/24/25 sales volume estimates by 1%/5%/23%, respectively, to 355k/600k/900k units. Given the increasing sales volume and scale, they also raised 2023-25 earnings estimates by 1%/6%/13%.
Shares of LI are down 2.1% in premarket trading on Wednesday.
