Research analysts who have asked questions during Li Auto earnings calls.
PG
Paul Gong
UBS
9 questions for LI
Also covers: NIO, WRD, ZK
TH
Tim Hsiao
Morgan Stanley
8 questions for LI
Also covers: HSAI, NIO, WRD +2 more
TH
Tina Hou
Goldman Sachs Group, Inc.
8 questions for LI
Also covers: HSAI, NIO, RAAS +3 more
BW
Bin Wang
Deutsche Bank
6 questions for LI
Also covers: ECX, NIO, PONY +2 more
YX
Yingbo Xu
CITIC Securities Company Limited
6 questions for LI
JC
Jing Chang
CICC
5 questions for LI
Also covers: NIO
MH
Ming Hsun Lee
Bank of America
3 questions for LI
Also covers: NIO, PONY, WRD +2 more
TH
Tina Hu
Goldman Sachs
2 questions for LI
YZ
Yingbo Zhu
Citigroup
2 questions for LI
YD
Yuqian Ding
HSBC
1 question for LI
Also covers: NIO
Recent press releases and 8-K filings for LI.
Li Auto Inc. Announces December and Q4 2025 Delivery Update and Strategic Expansions
LI
Product Launch
Revenue Acceleration/Inflection
New Projects/Investments
- Li Auto Inc. reported 44,246 vehicle deliveries in December 2025, bringing its fourth-quarter deliveries to 109,194.
- As of December 31, 2025, the company's cumulative deliveries reached 1,540,215 vehicles, surpassing the 1.5 million milestone.
- Li Auto expanded its global footprint by introducing its Li L9, Li L7, and Li L6 models to Egypt, Kazakhstan, and Azerbaijan.
- The company also officially launched its Li AI glasses, Livis.
Jan 2, 2026, 11:02 AM
Li Auto Announces December 2025 Delivery Update and Business Milestones
LI
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Li Auto delivered 44,246 vehicles in December 2025, bringing its fourth-quarter deliveries to 109,194.
- As of December 31, 2025, the company's cumulative deliveries reached 1,540,215, surpassing the 1.5 million milestone.
- The company expanded its global footprint by introducing Li L9, Li L7, and Li L6 to Egypt, Kazakhstan, and Azerbaijan, and launched its Li AI glasses, Livis.
- As of December 31, 2025, Li Auto had 548 retail stores in 159 cities, 561 servicing centers in 224 cities, and 3,907 super charging stations with 21,651 charging stalls in China.
Jan 1, 2026, 2:00 AM
Li Auto Inc. November 2025 Delivery Update
LI
Product Launch
Revenue Acceleration/Inflection
New Projects/Investments
- Li Auto Inc. delivered 33,181 vehicles in November 2025.
- As of November 30, 2025, Li Auto's cumulative deliveries reached 1,495,969.
- The company expects the monthly production capacity for Li i6 to reach 20,000 units by early next year and plans to release OTA 8.1 in early December 2025.
- As of November 30, 2025, Li Auto operated 544 retail stores in 157 cities, 556 servicing centers and Li Auto-authorized body and paint shops in 227 cities, and 3,614 super charging stations equipped with 20,027 charging stalls in China.
Dec 1, 2025, 11:00 AM
Li Auto announces November 2025 deliveries and operational updates
LI
Guidance Update
Revenue Acceleration/Inflection
- Li Auto delivered 33,181 vehicles in November 2025, with cumulative deliveries reaching 1,495,969 as of November 30, 2025.
- The company expects the monthly production capacity for Li i6 to increase to 20,000 units by early next year.
- As of November 30, 2025, Li Auto operated 544 retail stores in 157 cities and 3,614 super charging stations with 20,027 charging stalls in China.
Dec 1, 2025, 8:30 AM
Li Auto Inc. Announces Third Quarter 2025 Financial Results
LI
Earnings
Guidance Update
Product Launch
- Li Auto Inc. reported total revenues of RMB27.4 billion (US$3.8 billion) for the third quarter of 2025, representing a 36.2% year-over-year decrease, and a net loss of RMB624.4 million (US$87.7 million), compared to net income in the third quarter of 2024 and the second quarter of 2025.
- Vehicle deliveries for the third quarter of 2025 were 93,211 vehicles, marking a 39.0% year-over-year decrease. The vehicle margin for the quarter was 15.5%, down from 20.9% in the third quarter of 2024, primarily due to estimated costs related to the recall of Li MEGA.
- In September 2025, the company launched the Li i6, a new five-seat battery electric SUV, with deliveries beginning on September 27, 2025. Orders for the Li i8 and Li i6 have exceeded 100,000 in aggregate.
- For the fourth quarter of 2025, Li Auto expects deliveries to be between 100,000 and 110,000 vehicles and anticipates total revenues to range from RMB26.5 billion to RMB29.2 billion (US$3.7 billion to US$4.1 billion).
Nov 26, 2025, 10:00 PM
Li Auto Reports Q3 2025 Financials and Announces Strategic Shift
LI
Earnings
New Projects/Investments
Demand Weakening
- Li Auto reported a net loss of RMB 624.4 million and a negative operating margin of 4.3% for Q3 2025, with total revenues decreasing 36.2% year over year to RMB 27.4 billion.
- Starting Q4 2025, the company will revert to an entrepreneurial management model and focus on embodied AI and car robots, aiming to become a leader in this field within three to five years.
- In 2026, Li Auto plans to launch an AI system based on internally developed M100 chips and begin mass production of 5C ultra-fast charging batteries.
- The company expects a substantial dip in deliveries in Q1 2026 due to the phase-out of purchase tax policies, but anticipates the NEV penetration rate in China to reach 55-60% by 2026.
- A major generational upgrade for the L series is scheduled for 2026, incorporating 5C standard supercharging across all models to reclaim leadership in the EREV market.
Nov 26, 2025, 12:00 PM
Li Auto Provides Q4 2025 Outlook and Announces Strategic Shift to Embodied AI
LI
Guidance Update
New Projects/Investments
Product Launch
- Li Auto provided a business outlook for Q4 2025, expecting vehicle deliveries between 100,000 and 110,000 units and total revenue between RMB 26.5 billion and RMB 29.2 billion.
- Starting in Q4 2025, CEO Xiang Li and the founding team will revert to an entrepreneurial management model, with a strategic focus on transforming cars into embodied AI or car-shaped robots by developing a full-stack AI system and tailored hardware.
- The company anticipates a substantial dip in Q1 2026 deliveries due to a pull-forward effect from customers securing incentives before the purchase tax policy phases out at the end of 2025.
- For 2026, Li Auto plans a major generational upgrade for its L series, including 5C standard supercharging on all models, aiming to reclaim leadership in the EREV market. The company is also developing an in-house M100 chip for embodied AI, with commercial development expected next year.
Nov 26, 2025, 12:00 PM
Li Auto Reports Q3 2025 Financial Decline, Announces Strategic Shift to Entrepreneurial Model and Embodied AI
LI
Earnings
Management Change
Demand Weakening
- Li Auto reported a significant decline in Q3 2025 financials, with total revenues decreasing by 36.2% year-over-year to RMB 27.4 billion and a net loss of RMB 624.4 million, compared to a net income in the prior year. The company also experienced an operating cash outflow of CNY 7.4 billion.
- Starting Q4 2025, Li Auto will revert to an entrepreneurial management model and shift its product strategy for the next decade towards developing cars as embodied AI/robots, moving beyond just electric vehicles or smart devices.
- For 2026, Li Auto plans to launch an AI system based on its internally developed M100 chips, mass produce its 5C ultra-fast charging batteries, adopt an 800V high-voltage platform across all models, and expand its supercharging network to approximately 4,800 stations. The L series will undergo a major generational upgrade, and the I6 monthly production capacity is expected to reach 20,000 units.
Nov 26, 2025, 12:00 PM
Li Auto Inc. announces October 2025 delivery update and global expansion
LI
New Projects/Investments
Revenue Acceleration/Inflection
- Li Auto Inc. reported 31,767 vehicle deliveries in October 2025, bringing cumulative deliveries to 1,462,788 as of October 31, 2025.
- The company is accelerating its global expansion, having opened its first overseas authorized retail store in Uzbekistan in October 2025, with two more scheduled for Kazakhstan in November 2025.
- As of October 31, 2025, Li Auto's infrastructure in China included 551 retail stores and 3,508 super charging stations equipped with 19,417 charging stalls.
Nov 3, 2025, 11:06 AM
Li Auto Inc. October 2025 Delivery Update and Global Expansion
LI
New Projects/Investments
Product Launch
- Li Auto Inc. delivered 31,767 vehicles in October 2025, bringing cumulative deliveries to 1,462,788 as of October 31, 2025.
- The Li i6 model has accumulated over 70,000 orders since its launch.
- The company initiated global expansion in October 2025 by opening its first overseas authorized retail store in Uzbekistan, with two more planned for Kazakhstan in November, as it prioritizes market expansion in Central Asia, the Middle East, Europe, and Asia-Pacific.
- As of October 31, 2025, Li Auto operated 551 retail stores in 157 cities, 554 servicing centers in 225 cities, and 3,508 super charging stations equipped with 19,417 charging stalls in China.
Nov 1, 2025, 2:00 AM
Quarterly earnings call transcripts for Li Auto.
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