Li Auto (LI) Posts Q3 Loss as Deliveries Drop 39% YoY

Li Auto Inc. (NASDAQ:LI) is one of the best EV charging stocks to buy now. Li Auto Inc. (NASDAQ:LI) holds a Hold consensus from 8 analysts, with 2 Buys, 5 Holds, and 1 Sell. The average price target is $23.21, ranging from $17 to $32, suggesting a 26.2% upside from the current $18.39

On November 26, Li Auto Inc. released its Q3 2025 financial results, where it reported a non-GAAP diluted net loss per ADS of RMB 0.36 ($0.05), missing analyst consensus estimates of RMB 0.64. The quarter’s total revenue reached RMB 27.4 billion ($3.8 billion), surpassing analyst expectations by 3.28%. However, the figure is a 36.2% decline year-over-year, due to what management described as a sharp drop in vehicle deliveries amid supply chain disruptions and the impact of a Li MEGA vehicle recall.

The company also recorded a RMB 624.4 million ($87.7 million) net loss during the quarter, a massive swing from the net income of RMB 2.8 billion in Q3 2024. Management explained that the swing was due to a 37.4% year over year vehicle sales decline – total vehicle deliveries fell 39.0% to 93,211 units compared to the prior-year quarter. Unsurprisingly, gross profit tanked by 51.6% year-over-year to RMB 4.5 billion ($627.8 million), yielding a gross margin of 16.3%, down from 21.5%. Management attributed the compression to Li MEGA recall-related costs, noting that excluding these, the gross margin would have been 20.4%.

Li Auto Inc. (NASDAQ:LI) is a leading Chinese EV manufacturer that is aggressively building EV charging infrastructure. The company has committed over RMB 6 billion to expand its supercharging network, targeting more than 5,000 supercharging stations by year-end 2025. These stations are equipped with proprietary 5C fast-charging technology and are designed to cover 90% of China’s major highway routes and urban centers.

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Disclosure: None. This article is originally published at Insider Monkey.