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Li Auto
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Latest analysis
Updated Nov 2, 2026
Li Auto delivered 29,025 vehicles in October 2026; cumulative deliveries reached 1.86M units.
Li Auto announced October 2026 deliveries of 29,025 units, bringing cumulative deliveries to 1,862,676 since inception. The company introduced proprietary Lianshan Battery and Motor technologies, launched the 2026 Li i6 equipped with Lianshan Battery and MACH M100 chip, and delivered over 3,000 units of the new Li MEGA. Retail footprint expanded to 481 stores across 159 cities with 4,206 supercharging stations operational. OTA 9.2 rollout begins in November, featuring upgraded MACH VLA 2.5 and refined cockpit Agent features.
Tone: neutralRevenue
¥112.3B
LI 20-F · FY 2025 · CNY
Employees
6,041
Revenue FY2024
¥144.5B
Founded
2015
Profile
LI 20-F Item 4.B · Apr 10, 2026Li Auto designs, develops, manufactures, and sells premium smart electric vehicles in China, focusing on the over-RMB200,000 family vehicle segment. The company offers both extended-range electric vehicles (EREVs) and battery electric vehicles (BEVs), supported by a nationwide 5C supercharging network and full-stack autonomous driving and smart-space technologies. It sells directly to consumers through 548 retail stores and operates its own manufacturing bases in Changzhou and Beijing.
Read filing description ↓ Collapse description ↑
We are a leader in China's NEV market. We design, develop, manufacture, and sell premium smart electric vehicles. Our mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, we provide families with safe, convenient, and comfortable products and services. Our vehicle products include both EREVs and BEVs. As a pioneer in successfully commercializing EREVs in China, we started volume production of EREVs in November 2019 with our first model Li ONE, a six-seat, large premium smart electric SUV with phenomenal performance. While firmly advancing along our technological route, we build platforms for battery electric vehicles in parallel. Our current model lineup includes a high-tech flagship family MPV, four Li L series extended-range electric SUVs, and two Li i series battery electric SUVs. We will continue to expand our product lineup to target a broader user base. We are dedicated to serving the mobility needs of families in China. To this end, we strategically focus on NEVs priced over RMB200,000 (US$28,600). In light of diverse family needs in terms of price range, vehicle size, seat options, powertrain and intelligence level, we have developed different vehicle series and models to capture these needs. Leveraging our enhanced product strengths and operating efficiency, we have consistently set new record highs in deliveries. In 2025, we also expanded our global footprint by introducing Li L9, Li L7, and Li L6 to Uzbekistan, Kazakhstan, Azerbaijan and Egypt, beginning to establish our market presence across Central Asia, the Caucasus, and Africa.
Primary products
- Li L9
- Li L8
- Li L7
- Li L6
- Li MEGA
- Li i8
End markets
Geographies
Named competitors
“We believe that positive factors pertaining to our competitive position include precise consumer targeting and product defining capabilities, innovative designs and technologies, manufacturing cost management, distribution cost management, and general management efficiency as a company.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Reported in RMB. Total revenues declined from RMB144,459,946 thousand in 2024 to RMB112,312,511 thousand in 2025, reflecting lower vehicle deliveries of 406,343 units in 2025 versus the prior year.
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