Li Auto delivered 44,246 vehicles in December 2025, bringing its fourth‑quarter deliveries to 109,194 and pushing cumulative deliveries past the 1.5‑million‑unit threshold on December 31 2025. The December run was 24.4% lower than the same month a year earlier, while the quarter‑over‑quarter increase of 33.4% shows a rebound in momentum as the year closed.
The company’s full‑year 2025 deliveries fell 18.8% to 406,343 units, a decline that reflects softer demand and intensified competition in China’s EV market. Li Auto’s guidance for the quarter—100,000 to 110,000 units—was met, indicating that the company’s production and sales plans remain on track despite the year‑over‑year slide.
Li Auto announced that its Li L9, Li L7, and Li L6 models will be sold in Egypt, Kazakhstan, and Azerbaijan, marking the company’s first commercial presence in Central Asia, the Caucasus, and Africa. The expansion is part of a strategy to diversify revenue sources after the company’s leadership admitted that delaying full‑scale international expansion was its “biggest mistake.” The new markets offer growth potential in regions where Chinese EVs are gaining traction and where local demand for extended‑range vehicles is rising.
The company also introduced its Livis AI glasses, a wearable device that integrates with Li Auto vehicles to provide voice‑controlled in‑car functions and a peripheral AI experience. Early user feedback has been positive, and the glasses represent a move beyond automotive hardware into broader AI‑enabled consumer products, potentially creating new revenue streams and deepening customer engagement.
Li Auto’s management highlighted ongoing margin pressure, noting that vehicle margin in Q3 2025 fell to 15.5% from 20.9% a year earlier due to recall costs and lower production volume. The company is pursuing a product realignment to reduce overlap between its extended‑range and battery‑electric models, aiming to improve pricing power and operational efficiency. While the company faces headwinds from price wars and supply‑chain costs, its international expansion and new product line signal a strategic pivot toward diversified growth and higher‑margin technology offerings.
The combination of a milestone delivery count, a strategic push into new geographies, and the launch of an AI‑enabled wearable underscores Li Auto’s effort to stabilize its domestic market position while building a broader ecosystem. The company’s ability to meet its delivery guidance amid a challenging domestic environment suggests disciplined execution, but continued margin compression and competitive pressure will test the sustainability of its growth trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.