Li Auto Inc (NASDAQ:LI) reported a significant year-on-year revenue growth of 136.4% in Q4 fiscal 2023, reaching $5.88 billion and surpassing consensus estimates. The company's adjusted net earnings per ADS were $0.60, with vehicle sales up by 133.8% to $5.69 billion, driven by a 184.6% increase in vehicle deliveries. The vehicle and gross margins also saw substantial growth. Li Auto's cash reserves stood at $14.60 billion as of December 31, 2023. The company delivered 31,165 vehicles in January 2024, a 105.8% increase from the previous year. For Q1 fiscal 2024, Li Auto forecasts revenue between $4.40 billion and $4.53 billion, with vehicle deliveries expected to increase by 90.2% to 95.9%. Following the announcement, LI shares surged by 11.8% in premarket trading.