Chinese electric vehicle manufacturer Li Auto reported March deliveries of 41,053 vehicles, representing a 12% increase year-on-year and a 55.38% rise from February, signaling a recovery in sales momentum.
In the first quarter, the company delivered 95,142 vehicles, up 2.45% from a year earlier but down 12.87% compared with the fourth quarter of 2025. The quarterly total exceeded the upper end of Li Auto’s previous guidance range of 85,000 to 90,000 units.
The company said monthly deliveries of its Li i6 electric SUV surpassed 24,000 units in March after production bottlenecks were resolved, providing initial support for its target of 20% annual growth in 2026.
The sales rebound comes amid continued profitability challenges. Li Auto reported a net profit of 20.2 million yuan ($2.93 million) in the fourth quarter, while revenue fell 35.0% year-on-year to 28.8 billion yuan. The company also posted an operating loss of 442.6 million yuan during the period.
To support future growth, Li Auto plans to launch the updated Li L9 series in the second quarter, aiming to strengthen its position in the flagship SUV segment.
The company has also introduced capital management measures, announcing a share buyback program of up to $1 billion last month. This marks Li Auto’s first buyback since its listing in the United States in July 2020.
As of the end of 2025, Li Auto reported cash reserves of 101.2 billion yuan, providing liquidity to navigate current market conditions and support profitability improvements.
The company continues to expand its retail and service network. As of March 31, Li Auto operated 517 retail stores across 160 cities, along with 552 servicing centers and authorized service locations in 223 cities. It also maintained 4,057 supercharging stations with 22,439 charging stalls nationwide.
