Li Auto Swings Back to Profit as Sales of Its Sole Electric Car Surge

Chinese electric-car startup Li Auto Inc. returned to profitability in the fourth quarter of 2021, as it notched strong gains in deliveries despite a global shortage of microchips.

In the three months through December, Li Auto posted a net profit of 295.5 million yuan ($46.4 million), compared with a 21.5 million yuan net loss in the previous quarter and a 107.5 million yuan net profit in the same period of 2020, according to its unaudited earnings report published on Friday.