Li Auto said it will publish its unaudited third-quarter 2025 financial results before U.S. markets open on November 26, with company executives scheduled to hold an earnings call at 7:00 a.m. Eastern Time the same day, or 8:00 p.m. in Beijing.
The automaker delivered 93,211 vehicles during the quarter, in line with its guidance of 90,000 to 95,000 units. However, shipments fell 39% from a year earlier and declined 16% from the second quarter, extending what has been a weak sales trajectory throughout 2025. Li Auto previously forecast third-quarter revenue of RMB 24.8 billion to RMB 26.2 billion, indicating a year-on-year drop of between 42% and 39%.
See also: Li Auto Deliveries Fall 38.2% in October, Fifth Straight Monthly Decline Despite Strong i6 Orders
In October, the company handed over 31,767 vehicles, marking a 38% year-on-year decline and the fifth straight month of sharp contraction. Deliveries also slipped 6% from September’s 33,951 units, based on data from CnEVPost. All four of the company’s extended-range electric vehicle models posted year-on-year drops of more than 60% in October, although newer models — the Li i6 and Li i8 — each approached 6,000 units for the month.
Between January and October, Li Auto delivered 328,916 vehicles, down 16% from the same period last year. Its current lineup includes the L-series extended-range models — the Li L6, L7, L8 and L9 — alongside the Li Mega electric MPV and the newer Li i6 and Li i8 electric SUVs.
See also: Li Auto Restructures Again After Sales Slump, Merges HR Units Under CEO Li Xiang
The company is also managing a recall of 11,411 units of its 2024 Li Mega MPV following concerns over battery fire risks, after an incident earlier in October.
Analysts at China Renaissance Securities estimated in a research note that parts replacement costs could reach about RMB 100,000 per vehicle, potentially reducing Li Auto’s profit by roughly RMB 1.14 billion. The analysts warned that the recall may weigh on sales in both the fourth quarter of this year and the first quarter of 2026.