Li Auto Reports Q1 2025 Financial Results

Li Auto, Inc. ( (LI) ) has released its Q1 earnings. Here is a breakdown of the information Li Auto, Inc. presented to its investors.

Li Auto Inc. is a prominent player in China’s new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles. The company is recognized for its innovative approach to extended-range electric vehicles and is expanding its lineup to include battery electric vehicles.

In the first quarter of 2025, Li Auto reported total revenues of RMB25.9 billion (US$3.6 billion) and delivered 92,864 vehicles, marking a 15.5% increase in deliveries year-over-year. The company maintained a strong presence in China with 500 retail stores and over 2,000 supercharging stations.

Key financial metrics for the quarter included a vehicle sales revenue of RMB24.7 billion, a vehicle margin of 19.8%, and a gross margin of 20.5%. Operating expenses decreased by 14% year-over-year, contributing to a net income of RMB646.6 million, up 9.4% from the previous year. Despite a seasonal dip in sales compared to the previous quarter, Li Auto’s strategic cost management and product refreshes have positioned it well for future growth.

Looking ahead, Li Auto anticipates vehicle deliveries between 123,000 and 128,000 for the second quarter of 2025, with expected revenues ranging from RMB32.5 billion to RMB33.8 billion. The company remains committed to innovation and expanding its market presence, with plans to launch its first battery electric SUV, the Li i8, in July.

Li Auto’s management expresses confidence in maintaining its leadership in China’s premium BEV market through continuous technological advancements and a focus on enhancing user experience.