On September 16, Li Xiang, the founder of Li Auto, responded to netizen comments on social platforms, saying that in the past few years, all new car-making companies that have falsely reported or falsified the amount of financing have died. Some people who borrow corpses to bring back souls end up dead. Those investors who cooperated with the fraud have generally performed very poorly in the past few years because they have the same values.
The original article that Li Xiang was hotly discussed by netizens read: Wei Xiaoli has never made any fraud or false report in terms of financing. The three founders are among the few who invested billions of dollars with real money. Those founders who make false reports and fraud generally do not pay a cent of their own money, and then register a bunch of affiliated companies to reap the benefits.
On August 8, Li Auto announced its second quarter financial report of this year, which hit record highs in terms of operating income and delivery volume. Data show that Li Auto’s current revenue was 28.65 billion yuan, a year-on-year increase of 228.1% and a month-on-month increase of 52.5%. Among them, Li Auto's vehicle sales revenue in the second quarter was 27.97 billion yuan, a year-on-year increase of 229.7% and a month-on-month increase of 52.6%. The net profit in the second quarter was 2.31 billion yuan (319 million U.S. dollars), while the net loss in the second quarter of 2022 was 641 million yuan.
After the financial report was released, Li Auto's share price once fell by more than 10%. As of now, the company's share price has fallen by about 8%. This may be due to Li Auto’s stock price rising too fast in the past three months, and early investors fleeing for profits. As of now, Li Auto’s market value still reaches US$44.6 billion.