Li Auto reports Q3 EPS (5c) vs. 52c last year

Reports Q3 revenue $3.84B vs. $6.11B last year. Reports Q3 deliveries 93,211. Xiang Li, chairman and chief executive officer of Li Auto (LI), commented, “Our BEV portfolio gained strong momentum during the third quarter, demonstrating our top-tier product-definition capabilities and solid product strength. Orders for Li i8 and Li i6 have exceeded 100,000 in aggregate. On the AI front, our VLA Driver large model, empowered by world model and reinforcement learning, has achieved industry-leading user adoption with monthly usage rate reaching 91% in October. With our user-centric product philosophy and robust R&D capabilities, we are confident in achieving our long-term vision and strategic objectives.”