Li Auto sees Q3 revenue $3.5B-$3.7B

Sees Q3 deliveries 90,000-95,000 vehicles, representing a year-over-year decrease of 41.1% to 37.8%. Tie Li, chief financial officer of Li Auto (LI), added, “In the second quarter, we remained focused on cost optimization and operational efficiency enhancement while navigating a dynamic market, achieving solid profitability that underscores our financial resilience and effective execution. Our quarterly total revenues reached RMB30.2 billion, with gross margin remaining healthy at 20.1%, and our net income increased to RMB1.1 billion, up 69.6% quarter-over-quarter. Leveraging our solid financial position to scale innovation-driven growth, we are confident in our ability to cement our industry-leading position while fueling future breakthroughs across the automotive and intelligence ecosystems.”