EV maker Li Auto's Q3 revenue falls 36.2% on lower deliveries

Li Auto

26/11/2025 08:56

Overview

Li Auto Q3 revenue falls 36.2% yr/yr to RMB27.4 bln

Company reports Q3 net loss of RMB624.4 mln, compared to net income last year

Vehicle deliveries in Q3 decreased 39% yr/yr to 93,211 units

Outlook

Company expects Q4 vehicle deliveries between 100,000 and 110,000

Li Auto forecasts Q4 revenue between RMB26.5 bln and RMB29.2 bln

Result Drivers

VEHICLE DELIVERIES - Decrease in vehicle deliveries led to a decline in revenue and gross profit

Li MEGA RECALL - Recall of Li MEGA impacted vehicle and gross margins

SUPPLY CHAIN BOTTLENECKS - Supply chain issues affected financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 27.40 bln
Q3 Adjusted net earnings per ADS
-RMB 0.36
Q3 Adjusted Net Income
-RMB 359.70 mln
Q3 Net Income
-RMB 624.40 mln
Q3 Gross Margin
16.30%
Q3 Gross Profit
RMB 4.50 bln
Q3 Operating Income
-RMB 1.20 bln


Press Release: ID:nGNX8HYyG7

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)