On November 26, 2025, Li Auto unveiled its financial report for the third quarter, revealing a revenue of RMB 27.4 billion. The cumulative revenue for the first three quarters soared to RMB 83.5 billion, cementing its position as a frontrunner among new energy vehicle enterprises. During the third quarter, Li Auto rolled out two all-electric SUVs—the Li i8 and Li i6. The cumulative orders for these models surpassed 100,000 units, signaling a notable stride in its all-electric vehicle strategy.

Concurrently, Li Auto has been pouring substantial resources into research and development. The R&D expenditure reached RMB 3 billion, with an anticipated annual investment of RMB 12 billion. More than half of this investment has been channeled into artificial intelligence. The Li VLA driver large model was seamlessly integrated into the Li i8 in the third quarter. In October, it achieved a monthly usage rate of 91%, setting a new benchmark in user penetration within the industry.

Moreover, Li Auto has constructed over 3,500 supercharging stations, elevating the user experience through its proprietary 5C supercharging network. Despite the cost implications arising from the recall of certain 2024 Li MEGA models, Li Auto managed to sustain a robust gross profit margin of 20.4%. Its cash reserves ballooned to RMB 98.9 billion, offering substantial backing for future endeavors.

In the realm of globalization, Li Auto has inaugurated its inaugural overseas authorized retail centers in Uzbekistan and Kazakhstan, with ambitions to penetrate further into international markets. Li Xiang, the CEO of Li Auto, remarked that the third quarter marked a pivotal juncture for Li Auto as it embarks on its second decade. The company is making crucial decisions in terms of organization, product offerings, and technological advancements to ascend as a globally preeminent intelligent electric vehicle manufacturer.