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An Li Auto Store in Hangzhou

A citizen is walking past a Li Auto store in Hangzhou, China, on February 27, 2024. Li Auto released its annual financial report on the evening of February 26, revealing that its revenue for 2023 was 123.85 billion Chinese Yuan, marking an increase of 173.5%. The net profit reached 11.81 billion yuan, and the gross profit margin for the year stood at 22.2%, making it the first new energy car enterprise in China to achieve an annual profit. (Photo by Costfoto/NurPhoto)

Photo ID	#11031783
Date Taken	27 February 2024
Location	N/A
Photographer	Costfoto/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Costfoto/NurPhoto

Store retail new energy trade Li Auto Hangzhou China February 27 2024 Li Auto store Zhejiang province Li Automobile annual financial report 2023 revenue 123.85 billion Chinese Yuan 173.5% increase net profit 11.81 billion yuan gross profit margin 22.2% new energy car enterprise China annual profit Costfoto NurPhoto automotive industry electric vehicles financial performance business growth profitability Chinese market automotive sales financial results economic development sustainable transportation revenue growth profit margin fiscal year market expansion EV market.