Li Auto's First Quarterly Loss: EV Market Competition Intensifies
Update: 2025-11-26
Description
Li Auto, a leading Chinese automaker, reported a staggering net loss of $88.2 million in Q3, marking their first quarterly loss in three years. This contrasts sharply with their $2.81 billion profit in the same period last year. The companys revenue also plummeted by 36%, their worst top-line decline since going public in 2020. This unexpected loss comes amidst slowing demand for their vehicles and intense sales pressure in the industry. Li Autos attempts to enter the full electric vehicle space have also fallen short, with their MEGA and i8 models seeing lower-than-expected sales. The companys profit margin also decreased to 16.3% in Q3, down from 21.5% a year ago, due to estimated recall costs and higher manufacturing costs.
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