- In the fourth quarter, Li Auto delivered 109,194 vehicles, a 31.19 percent year-on-year decline but a 17.15 percent increase from the third quarter.
- For the full year 2025, Li Auto delivered 406,343 vehicles, down 18.81 percent year-on-year.
Li Auto (NASDAQ: LI, HKG: 2015) continued to see a year-on-year decline in deliveries last month, though with a significant improvement over November.
The company delivered 44,246 vehicles in December, its highest monthly total in 2025, according to data released today.
This represents a 24.38 percent year-on-year decline, marking the seventh consecutive month of contraction, though it reflects a 33.35 percent increase compared to November.
In the fourth quarter, Li Auto delivered 109,194 vehicles, down 31.19 percent year-on-year but up 17.15 percent from the third quarter.
Quarterly deliveries fell within its guidance range of 100,000 to 110,000 units.
For the full year 2025, Li Auto delivered 406,343 vehicles, down 18.81 percent year-on-year.
| Year | Deliveries |
|---|---|
| 2019 | 973 |
| 2020 | 32,624 |
| 2021 | 90,491 |
| 2022 | 133,246 |
| 2023 | 376,030 |
| 2024 | 500,508 |
| 2025 | 406,343 |
Li Auto's sales performance in 2025 has been lackluster, as its L-series extended-range electric vehicles (EREVs) face intensifying competition while its i-series battery electric vehicles (BEVs) are in the midst of ramping up production capacity.
The company is preparing a major product realignment to enhance competitiveness and reduce cannibalization between models, local media outlet LatePost reported yesterday.
Li Auto's all-electric SUV Li i8 will remain and undergo continuous iterations, with no plans for discontinuation, the report cited multiple independent sources as saying.
For its EREV models, the company will focus on adjusting products in the RMB 300,000 ($42,900) to RMB 400,000 price range, concentrating on improving average vehicle efficiency by streamlining model variants, according to LatePost.
Li Auto may also launch a premium model priced above RMB 500,000, the report said.
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