First-quarter net loss for Li Auto as profitability shrinks

Li Auto lost US$330.0 million in the first quarter of 2026, having made a profit a year earlier. Revenue came to US$3.3 billion, down 11.4%, and gross profit fell to 7.9% of revenue from 20.5%, with vehicles alone at 6.1%. Deliveries rose 2.5% to 95,142. For the second quarter the company guided to 95,000 to 100,000 deliveries.

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