Li Auto-W released its first-quarter results, with a net profit of 647 million yuan, an increase of 9.4% year-on-year

According to the Zhitong Finance APP, Li Auto-W (02015) released its quarterly performance report for the period ending March 31, 2025. In the first quarter of 2025, the total vehicle deliveries reached 92,864 units, a year-on-year increase of 15.5%. As of March 31, 2025, the company has 500 retail centers in 150 cities nationwide, operates 502 after-sales service centers and authorized body and paint centers in 225 cities, and has put into operation 2,045 Li Auto Supercharging stations, equipped with 11,038 charging piles.

The total revenue for the first quarter of 2025 was RMB 25.9 billion, an increase of 1.1% year-on-year; the net profit for the first quarter of 2025 was RMB 647 million, a year-on-year increase of 9.4%; the diluted net earnings per American Depositary Share attributable to ordinary shareholders for the first quarter of 2025 was RMB 0.62.

Mr. Li Xiang, Chairman and CEO of Li Auto, stated: "In the first quarter, as we continue to provide users with outstanding products and services, Li Auto maintains its leading position in sales among Chinese automotive brands in the RMB 200,000 and above new energy vehicle market. Recently, after refreshing our product lineup, orders for the upgraded Li L series smart models have been pouring in, reflecting strong product power. The Li MEGA Home, equipped with top configurations, is the product we have created that is closest to our company mission—'to create a mobile home and a happy home.' It has received widespread market acclaim since its launch, greatly boosting our confidence in entering the first tier of the Chinese high-end pure electric market. We look forward to the launch of our first pure electric SUV, the Li i8, in July, which we believe will further demonstrate our pursuit of creating exceptional user value. In addition, our assisted driving solutions are rapidly iterating. Our self-developed next-generation assisted driving technology architecture, VLA driver model, integrates spatial intelligence, language intelligence, and behavioral intelligence into a visual-language-behavior model, enabling seamless interaction between the vehicle and users. In the future, we will continue to promote the innovative development of smart technology and continuously optimize user experience."

Mr. Li Tie, Chief Financial Officer of Li Auto, added: "Our performance in the first quarter was robust, achieving a year-on-year growth of 15.5% in vehicle deliveries during the traditional automotive sales off-season, with revenue reaching RMB 25.9 billion. Despite facing product iterations, thanks to our rigorous cost management and expanded scale effects, our gross margin remained at a healthy level of 20.5%, with net profit increasing by 9.4% year-on-year to RMB 647 million. The first quarter performance fully demonstrates our ability to effectively respond to market changes and maintain strong profitability. With a solid financial foundation, we will continue to enhance operational efficiency, drive business growth through innovation, and create user value. With proven execution capabilities, we believe these strategic initiatives will help the company achieve long-term success."