Li Auto Inc. has reported its financial results for the second quarter of 2025. The company's total revenues reached RMB30.2 billion (US$4.2 billion), indicating a 4.5% decrease from RMB31.7 billion in the same period of 2024, but a 16.7% increase from RMB25.9 billion in the first quarter of 2025.
The gross margin remained healthy at 20.1%. Net income for the second quarter of 2025 was RMB1.1 billion (US$153.1 million), representing a marginal decrease of 0.4% from the second quarter of 2024, but showing a substantial growth of 69.6% compared to RMB646.6 million in the first quarter of 2025.
On a non-GAAP basis, net income was RMB1.5 billion (US$204.9 million), a decrease of 2.3% from the same quarter the previous year, yet a 44.7% increase from the first quarter of 2025. Li Auto Inc. emphasized its commitment to scaling innovation-driven growth and maintaining its industry-leading position while continuing to develop breakthroughs across the automotive and intelligence ecosystems.