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Li Auto's stock price in the U.S. pre-market drops over 4%
March 12, Li Auto’s stock in the U.S. pre-market fell over 4%, and Li Auto released its Q4 2025 and full-year financial reports.
Full-year revenue was 112.3 billion yuan, net profit was 1.1 billion yuan, cash reserves were 101.2 billion yuan, marking three consecutive years of revenue exceeding 100 billion yuan and three consecutive years of profitability.
Annual R&D investment reached a record high of 11.3 billion yuan, with 50% of the investment allocated to AI-related projects.
The all-new Li Auto L9 will be launched in the second quarter.