Li Auto Inc. (NASDAQ:LI) Q2 2024 Earnings Call Transcript August 28, 2024 8:00 AM ET

Company Participants

Janet Chang - IR Director
Xiang Li - Chairman and CEO
Johnny Tie Li - CFO
James Liangjun Zou - SVP

Conference Call Participants

Tim Hsiao - Morgan Stanley
Ben Wang - Deutsche Bank
Tina Hou - Goldman Sachs
Xu Yingbo - CITIC Securities
Paul Gong - UBS
Yuqian Ding - HSBC
Jin Zhong - CICC

Operator

Hello, ladies and gentlemen. Thank you for standing by for Li Auto's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host, Ms. Janet Chang, Investor Relations Director of Li Auto. Please go ahead, Janet.

Janet Chang

Thank you, Kerry. Good evening and good morning, everyone. Welcome to Li Auto's second quarter 2024 earnings conference call. The company's financial and operating results were published in our press release earlier today and were posted on the company's IR website. On today's call, we will have our Chairman and CEO, Mr. Xiang Li; and our CFO, Mr. Johnny Tie Li, begin with prepared remarks. Our President, Mr. Donghui Ma; and Senior Vice President, Mr. James Liangjun Zou, will join for the Q&A discussion.

Before we continue, please be reminded that today's discussion will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the views expressed today. Further information regarding risks and uncertainties is included in certain company filings with the US Securities and Exchange Commission and the Stock Exchange of Hong Kong Limited. The company does not assume any obligation to update any forward-looking statements except as required under applicable law.

Please also note that Li Auto's earnings press release and this conference call include discussions of unaudited US GAAP financial information as well as unaudited non-GAAP financial measures. Please refer to Li Auto's disclosure documents on the IR section of our website, which contain a reconciliation of the unaudited non-GAAP measures to comparable US GAAP measures. Our CEO will start his remarks in Chinese. There will be English translation after he finishes all his remarks.

With that, I will now turn the call over to our CEO, Mr. Xiang Li. Please go ahead.