Li Auto Inc ADR

LI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Li Auto Earnings: Disappointing, Weak Fourth-Quarter Volume Guidance Implies Operating Loss

Vincent Sun

Nov 27, 2025

Despite being above guidance, Li Auto’s third-quarter revenue nonetheless declined 36% year on year, due to a fall in vehicle volume sales. Together with additional product recall costs, the vehicle margin lost 540 basis points from a year ago, due to fierce price competition.

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Li Auto Inc ADR

Li Auto Earnings: Disappointing, Weak Fourth-Quarter Volume Guidance Implies Operating Loss

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