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Li Auto reported strong fourth-quarter results and provided a better-than-expected outlook for first-quarter sales, Deutsche Bank said. Li Auto (NASDAQ: LI) reported its fourth quarter 2023 financial results today. As usual, Deutsche Bank analyst Edison Yu’s team shared their first look at the results. Here’s what the team said in a research note sent to investors today. Li Auto delivered strong 4Q23 results and provided a better than expected 1Q24 volume outlook. Deliveries were already reported for 4Q at 131,805 units, leading to revenue of 41.7bn RMB, slightly above our forecast of 41.0bn due to higher ASP (306k RMB vs.…

Li Auto management said they expect to see deliveries top 50,000 in March and 70,000 in June. (Image credit: CnEVPost) Li Auto (NASDAQ: LI) reported strong fourth quarter 2023 financial results today and held an analyst call afterwards. Here are the key points mentioned by Li Auto’s management during the call. Li Auto expects to see deliveries top 50,000 units in March and 70,000 in June. In March, Li Auto will launch the Li Mega MPV and will start deliveries of the model in the same month. The 2024 Li L7, Li L8 and Li L9, too, will begin large-scale…

Neta started preparations for its IPO in Hong Kong in the fourth quarter of 2023, with the amount of cornerstone investments signed up so far exceeding RMB 2 billion, according to local media. (Image credit: CnEVPost) Neta Auto kicked off preparations for its initial public offering (IPO) in Hong Kong in the fourth quarter of 2023, with the amount of cornerstone investments signed up so far exceeding RMB 2 billion ($280 million), local automotive media outlet D1EV said today, citing people close to the company. Neta’s parent company is Hozon New Energy Automobile, founded in 2014, which launched the Neta…

Fiat just unveiled a new set of Panda-inspired concept cars at the Geneva Motor Show, including a new city car and a pickup truck. As Fiat has just launched its 500e in the US, some EV versions of these vehicles could be on their way stateside. The first new model will be revealed in July, with the company planning to launch a new vehicle every year until 2027. Of course, being Stellantis, they don’t seem to be going “all in” on EVs like they have been saying, but are offering these models using a “unique multi-energy platform” to “ensure maximum…

This is the all-new Renault 5. An electric four-door hatchback that revives the iconic nameplate once slapped on France’s best-selling car–the same which was known as the Le Car in the United States for a relatively short stint in the 1970s. It looks almost identical to the concept car that was unveiled in 2021, which says a lot about Renault’s confidence in its design department. We think it looks very cool, but you can chime in with your thoughts in the comments section below. Get Fully Charged The quintessential French hatchback goes all-electric The first-gen Renault 5 from the 1970s…

The L7, IM Motors’ first model, has been updated with its starting price cut by RMB 38,900, or 11.5 percent. (Image credit: IM Motors) SAIC Motor Corp’s electric vehicle (EV) arm has launched the 2024 L7 sedan with a significantly lower starting price and upgraded features, at a time when competition in China’s EV industry is intensifying. IM Motors rolled out the refresh of its flagship sedan on February 24, offering four variants with starting prices of RMB 299,900 ($41,700), RMB 349,900, RMB 389,900 and RMB 419,900, respectively. The model was previously offered in three versions with starting prices of…

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! One of the big reasons to get away from the city is to see the magic of the night sky in all of its glory. Away from the bright lights, you can see things like the Milky Way, the zodiacal glow, and even a cool spot in the sky called the gegenschein if you get to a dark enough place. If you can find a nice national park or other tourist destination to check out during the day, you’ve got double the reasons to…

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! To many readers, what I’m about to get into might sound bizarre. After all, EVs often copy (at least in part) things that Tesla pioneered. So, why would anyone want an EV with an unnecessary start/stop button? But, for me, it’s not that simple. I’ve driven some Teslas, but I’ve never owned one. At first, they were out of my budget, and later, when they became affordable, the most affordable models weren’t appealing to me. Elon’s authoritarian conservative politics aside, I really just wasn’t…

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! David Havasi and I both have 2019 Tesla Model 3s. He’s got a Long Range one and I’ve got a Standard Range Plus (SR+). We recently went to our local Tesla store and tested out the new Tesla Model 3 Highland. (Side note: David set up this store, and this whole region, when he worked at Tesla — between 2012 and 2019.) The overarching takeaway: the new Model 3 is faaaaaaaaaaaar better than ours are. The biggest differences are in the suspension and sound…

The Yangwang U9’s powertrain delivers up to 1,306 horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds. (Image credit: Yangwang) BYD’s (OTCMKTS: BYDDF) premium brand Yangwang has launched the U9 electric supercar, the second production vehicle from the new brand after the U8 off-road SUV. Yangwang rolled out the U9 at a launch event in Shanghai today, with only one version of the 2-seat model available at a starting price of RMB 1.68 million ($233,500), higher than the RMB 1.098 million price tag for the U8. The Yangwang U9 measures 4,966 mm in…