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Li Auto Li Auto Inc. Announces Unaudited Second Quarter 2021 Financial Results Quarterly total revenues reached RMB5.04 billion ( US $ 780.4 million ) ¹ Quarterly deliveries reached 17,575 vehicles Quarterly gross margin reached 18.9 % BEIJING , China , August 30 , 2021 — Li Auto Inc. ( " Li Auto " or the " Company " ) ( Nasdaq : LI ; HKEX : 2015 ) , an innovator in China's new energy vehicle market , today announced its unaudited financial results for the quarter ended June 30 , 2021 . Operating Highlights for the Second Quarter of 2021 • Deliveries of Li ONEs were 17,575 vehicles in the second quarter of 2021 , representing a 166.1 % year - over - year increase . 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 Deliveries 6,604 8,660 14,464 12,579 17,575 As of June 30 , 2021 , the Company had 97 retail stores covering 64 cities and 167 servicing centers and Li Auto - authorized body and paint shops operating in 127 cities . Financial Highlights for the Second Quarter of 2021 • • • Vehicle sales were RMB4.90 billion ( US $ 759.4 million ) in the second quarter of 2021 , representing an increase of 41.6 % from RMB3.46 billion in the first quarter of 2021 . Vehicle margin² was 18.7 % in the second quarter of 2021 , compared with 16.9 % in the first quarter of 2021 . Total revenues were RMB5.04 billion ( US $ 780.4 million ) in the second quarter of 2021 , representing an increase of 40.9 % from RMB3.58 billion in the first quarter of 2021 . Gross profit was RMB952.8 million ( US $ 147.6 million ) in the second quarter of 2021 , representing an increase of 54.5 % from RMB616.7 million in the first quarter of 2021 . Gross margin was 18.9 % in the second quarter of 2021 , compared with 17.3 % in the first quarter of 2021 . 1 All translations from Renminbi ( " RMB " ) to U.S. dollar ( " US $ " ) are made at a rate of RMB 6.4566 to US $ 1.00 , the noon buying rate in effect on June 30 , 2021 as set forth in the H.10 statistical release of the Federal Reserve Board . 2 Vehicle margin is the margin of vehicle sales , which is calculated based on revenues and cost of sales derived from vehicle sales only . 1