Li Auto recorded a net loss of RMB 625 million in Q3 2025, attributing it to a recall of 11,400 vehicles. Total revenue fell to RMB 27.4 billion, with a net loss of RMB 624.4 million. Stock prices have been declining since July. Li Auto predicts further decline in Q4 with deliveries expected to decrease by 30.7% to 37.0%. The company faces challenges in transitioning to BEVs and increasing production capacity. Despite efforts to diversify into AI smart glasses, the response has been lukewarm. Li Auto’s core consumer base remains stable, offering hope for a turnaround. Q4 revenue is forecasted to drop by 40% YoY.

Read more at GlobeNewswire: MoonFox Data | Li Auto’s Performance Plunges, BEV