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Li Auto Inc.

Li Auto Inc.

NASDAQ•LI
CEO: Mr. Xiang Li
Sector: Consumer Cyclical
Industry: Auto - Manufacturers
Listing Date: 2020-07-30
Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company offers its products through online and offline channels. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
Contact Information
11 Wenliang Street, Shunyi District, Beijing, 101399, China
86-10-8742-7209
www.lixiang.com
Market Cap
$16.34B
P/E (TTM)
24.4
222.6
Dividend Yield
--
52W High
$33.12
52W Low
$15.87
52W Range
2%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$3.83B-36.08%
4-Quarter Trend

EPS

-$0.09-121.99%
4-Quarter Trend

FCF

-$1.03B-181.70%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue and Delivery Scale Total revenues reached 144.5B RMB in 2024, up 16.6% from 2023; cumulative deliveries surpassed 1.13M units.
Gross Profit Increased Gross profit grew to 29.7B RMB in 2024, an increase from 27.5B RMB reported in the prior year.
BEV Market Entry Achieved Launched Li MEGA BEV in March 2024, marking entry into the BEV segment alongside established EREV line.

Risk Factors

Net Income and Margin Pressure Net income decreased to 8.0B RMB in 2024 from 11.8B RMB in 2023; operating margin fell to 4.9%.
Cash Flow and Capital Spending Operating cash flow dropped to 15.9B RMB in 2024; investing activities used 41.1B RMB for expansion.
Reliance on Limited Models Business substantially depends on current limited vehicle models; future sales risk if variety/design fails to meet consumer expectations.
PRC Regulatory Structure Risk Reliance on VIE structure faces uncertainty as PRC laws evolve; adverse government action could force relinquishing interests.

Outlook

Continued Technology Investment Expect R&D expenses to remain significant, reaching 11.1B RMB in 2024, focusing on EV and intelligent platform capabilities.
Expanding Product Lineup Launched Li L6 model in April 2024, targeting younger families, continuing product lineup expansion strategy.
Advancing Charging Infrastructure Building HPC network, aiming for 500 km range with 12-minute charge capability using 800-volt electric drive system.
Open Source Operating System Launched proprietary Li Halo OS in March 2025, committing to open-sourcing the operating system for smart vehicles.

Peer Comparison

Revenue (TTM)

Stellantis N.V.STLA
$349.65B
+5.3%
Li Auto Inc.LI
$17.75B
-9.8%
PulteGroup, Inc.PHM
$17.62B
+1.8%

Gross Margin (Latest Quarter)

Darden Restaurants, Inc.DRI
68.9%
+47.7pp
Ralph Lauren CorporationRL
68.0%
+1.0pp
Restaurant Brands International Inc.QSR
48.4%
+13.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ULTA$29.75B24.946.9%36.7%
STLA$27.73B2.926.3%20.3%
PHM$25.38B9.721.1%11.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-14.6%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 13, 2026
|
EPS:$0.05
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 10, 2025|
    Revenue: $20.09B+16.7%
    |
    EPS: $1.12-32.3%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 12, 2024|
    Revenue: $17.49B+173.5%
    |
    EPS: $1.68+677.7%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 21, 2023|
    Revenue: $6.73B+67.7%
    |
    EPS: $-0.31-505.9%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 19, 2022|
    Revenue: $4.19B+185.6%
    |
    EPS: $-0.05+81.5%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 10, 2021|
    Revenue: $1.37B+3225.5%
    |
    EPS: $-0.27+29.2%
    Miss