Li Auto

Li Auto achieved a record 152,831 deliveries in the third quarter, within the guidance range of 145,000 to 155,000 units.

Li Auto has slowed down its efforts to expand into overseas markets significantly from its plans a year ago and is focusing its resources on the domestic market, according to local media.

Li Auto reached 1 millionth vehicle delivery milestone, meaning 24,824 vehicles have been delivered so far this month.

Li Auto's 1 millionth vehicle rolled off the assembly line at its plant in Changzhou, Jiangsu province, 58 months after the first one rolled off the line.

Li Auto's smart driving chip is expected to see tape-out results in the fourth quarter and start being loaded into cars in 2026, according to local media.

Li Auto delivered a record 152,831 vehicles in the third quarter, up 45.4 percent year-on-year and within the guidance range of 145,000 to 155,000 vehicles.

The Li L6 is now Li Auto's main seller, with monthly deliveries exceeding 20,000 units in each of the last three months.

The Li L6 is Li Auto's lowest-priced model, with monthly deliveries exceeding 20,000 units in each of the last three months.

Li Auto delivered 48,122 vehicles in August, down 5.64 percent from July. It delivered more than 20,000 units of its lowest-priced Li L6 for the third consecutive month.

Li Auto reported second quarter results that were generally in line with expectations, with net income up 86.24 percent from the first quarter while gross margin slipping to 19.5 percent.