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1、 Li Auto Inc.Announces Unaudited First Quarter 2025 Financial Results Quarterly total revenues reached RMB25.9 billion(US$3.6 billion)1 Quarterly deliveries reached 92,864 vehicles BEIJING,China,May 29,2025 Li Auto Inc.(“Li Auto”or the“Company”)(Nasdaq:LI;HKEX:2015),a leader in Chinas new energy veh

2、icle market,today announced its unaudited financial results for the quarter ended March 31,2025.Operating Highlights for the First Quarter of 2025 Total deliveries for the first quarter of 2025 were 92,864 vehicles,representing a 15.5%year-over-year increase.2025 Q1 2024 Q4 2024 Q3 2024 Q2 Deliverie

3、s 92,864 158,696 152,831 108,581 2024 Q1 2023 Q4 2023 Q3 2023 Q2 Deliveries 80,400 131,805 105,108 86,533 As of March 31,2025,in China,the Company had 500 retail stores in 150 cities,502 servicing centers and Li Auto-authorized body and paint shops operating in 225 cities,and 2,045 super charging st

4、ations in operation equipped with 11,038 charging stalls.Financial Highlights for the First Quarter of 2025 Vehicle sales were RMB24.7 billion(US$3.4 billion)in the first quarter of 2025,representing an increase of 1.8%from RMB24.3 billion in the first quarter of 2024 and a decrease of 42.1%from RMB

5、42.6 billion in the fourth quarter of 2024.Vehicle margin2 was 19.8%in the first quarter of 2025,compared with 19.3%in the first quarter of 2024 and 19.7%in the fourth quarter of 2024.Total revenues were RMB25.9 billion(US$3.6 billion)in the first quarter of 2025,representing an increase of 1.1%from

6、 RMB25.6 billion in the first quarter of 2024 and a decrease of 41.4%from RMB44.3 billion in the fourth quarter of 2024.Gross profit was RMB5.3 billion(US$732.9 million)in the first quarter of 2025,representing an increase of 0.6%from RMB5.3 billion in the first quarter of 2024 and a decrease of 40.