Li Auto's US-listed shares fall as quarterly results, outlook disappoint

Li Auto

28/08/2025 11:01

** U.S.-listed shares of Li Auto LI.O fall 4.7% to $21.53 in premarket trading

** Chinese EV-maker forecasts Q3 deliveries of 90,000 to 95,000 vehicles, year-on-year decline of 37.8% to 41.1%

** Projects Q3 revenue of RMB 24.8 to 26.2 billion, down 38.8% to 42.1% YoY

** Posts quarterly revenue of RMB 30.246 bln, down 4.5% YoY; Q2 net income of RMB 1.1 bln (~$153 mln), down 0.9% YoY

** LI's total deliveries for Q2 were 11,110 units, up 2.3% YoY

** Stock tumbled 8.3% in prior session, biggest single-day fall in nearly six months

** Majority of brokerages rate the stock "buy" or higher; their median PT is $33 - LSEG data

** Up to last close, stock had fallen about 5.8% YTD

($1 = 7.1529 Chinese yuan renminbi)

(Reporting by Nikhil Sharma)

((Nikhil.Sharma@thomsonreuters.com))