Li Auto Inc. Financial Performance Overview
Quarterly total revenues reached RMB30.2 billion (approximately US$4.2 billion) with a strong performance in vehicle deliveries, amounting to 111,074 units. Li Auto Inc. (Nasdaq: LI; HKEX: 2015) has made significant strides in the new energy vehicle (NEV) sector, solidifying its position as a market leader.
Operational Highlights
Delivery Growth
In comparison to last year, the second quarter of 2025 showed a 2.3% year-over-year increase in vehicle deliveries. The company has achieved remarkable growth, increasing its presence across various Chinese cities by expanding its retail stores, servicing centers, and charging stations.
Number of Service Locations
As of June 30, 2025, Li Auto had 530 retail stores in 151 cities and 511 servicing centers. The network support is complemented by Li Auto-authorized body and paint shops across 222 cities, enhancing customer access to services while also boasting 2,851 supercharging stations equipped with 15,655 charging stalls.
Financial Highlights
Sales and Revenue Analysis
Vehicle sales generated RMB28.9 billion in Q2 2025, marking a decrease of 4.7% from RMB30.3 billion the previous year. However, there was a notable revenue increase of 17.0% from the first quarter of 2025. Total revenues in the quarter reached RMB30.2 billion, down slightly by 4.5% compared to the same period last year but showing a significant rise of 16.7% over the previous quarter.
Profit Margins
The gross profit for Li Auto amounted to RMB6.1 billion, with an overall gross margin of 20.1%. This reflects an improvement when compared to the same quarter of the previous year, indicating effective cost management even amidst fluctuating sales volumes.
Recent Developments
Launch of the Li i8
In July 2025, the company launched the Li i8, a groundbreaking six-seat battery electric SUV. With its innovative design and advanced technology, including a dual-motor all-wheel drive system and a supercharging battery pack, the Li i8 establishes a new standard in family SUVs, emphasizing safety and comfort.
ESG Rating Achievement
Li Auto was awarded the highest MSCI ESG rating of 'AAA' for the third consecutive year, highlighting its commitment to environmental, social, and governance practices. This achievement signifies the brand's focus on sustainable business practices and responsible growth.
CEO and CFO Comments
Mr. Xiang Li, Li Auto's Chairman and CEO, expressed pride in the company's market-leading position, driven by a commitment to user-centric technological innovations. Additionally, CFO Mr. Tie Li noted the company's strong financial performance and the effective execution of their strategies. Li Auto's revenue growth, coupled with operational efficiency, highlights its resilience in a dynamic market environment.
Future Outlook
Looking ahead to Q3 2025, Li Auto anticipates vehicle deliveries to fall between 90,000 to 95,000 units. Total projected revenues are expected to decline between RMB24.8 billion (US$3.5 billion) and RMB26.2 billion (US$3.7 billion), reflecting a challenging market landscape.
Frequently Asked Questions
What are Li Auto's total revenues for Q2 2025?
Li Auto's total revenues for Q2 2025 amount to RMB30.2 billion (US$4.2 billion).
How many vehicles did Li Auto deliver in the second quarter of 2025?
In the second quarter of 2025, Li Auto delivered 111,074 vehicles.
What is the gross profit reported by Li Auto for Q2 2025?
Li Auto reported a gross profit of RMB6.1 billion in Q2 2025.
What advances has Li Auto made in its service network?
Li Auto has expanded to 530 retail stores in 151 cities and operates over 2,851 supercharging stations.
What new vehicle did Li Auto recently launch?
Li Auto recently launched the Li i8, a six-seat battery electric SUV, which debuted in July 2025.
