Li Auto fetches 646m yuan in quarterly net income

Chinese carmaker Li Auto (2015) said its net income reached 646.6 million yuan (HK$703.54 million) in the first quarter of 2025, up 9.4 percent from the year before but down 81.7 percent from the previous quarter.

Total revenue rose 1.1 percent year on year to 25.93 billion yuan, beating market expectations of 25.12 billion yuan.

Vehicle sales revenue increased 1.8 percent from a year earlier to 24.68 billion yuan.

The company expects its vehicle deliveries to fall between 123,000 and 128,000 vehicles in the second quarter, representing a year-on-year increase of 13.3 to 17.9 percent, according to an exchange filing.

Chairman and chief executive Li Xiang said the company will launch its first battery electric SUV, Li i8, in July, which will further demonstrate its commitment to delivering unparalleled user value.

Staff reporter