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Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas are driving growth and where Li Auto might focus future strategic efforts.Vehicle sales drive Li Auto’s top line but are volatile and increasingly driven by product mix rather than steady demand; recent softness reflects a higher share of lower‑ASP i6 units and a model‑refresh timing hit that crushed margins and cash flow in Q1. Management is banking on rapid L9/L8 ramp (strong early L9 orders) to restore ASPs and margins, yet supply constraints and slow buyback deployment leave profitability tied to flawless execution—'Other' revenue is growing but too small to offset vehicle mix risk, so deliveries and vehicle margin recovery are the key near‑term catalysts.
Date | Other | Vehicle Sales |
|---|---|---|
Jun 30, 2026 | ¥1.36B | ¥28.89B |
Mar 31, 2026 | ¥1.45B | ¥21.53B |
Dec 31, 2025 | ¥1.52B | ¥27.25B |
Sep 30, 2025 | ¥1.50B | ¥25.87B |
Jun 30, 2025 | ¥1.36B | ¥28.89B |
Mar 31, 2025 | ¥1.25B | ¥24.68B |
Dec 31, 2024 | ¥1.63B | ¥42.64B |
Sep 30, 2024 | ¥1.55B | ¥41.32B |
Jun 30, 2024 | ¥1.36B | ¥30.32B |
Mar 31, 2024 | ¥1.38B | ¥24.25B |