1、 Li Auto Inc.Announces Unaudited Third Quarter 2025 Financial Results Quarterly total revenues reached RMB27.4 billion(US$3.8 billion)1 Quarterly deliveries reached 93,211 vehicles BEIJING,China,November 26,2025 Li Auto Inc.(“Li Auto”or the“Company”)(Nasdaq:LI;HKEX:2015),a leader in Chinas new energ

2、y vehicle market,today announced its unaudited financial results for the quarter ended September 30,2025.Operating Highlights for the Third Quarter of 2025 Total deliveries for the third quarter of 2025 were 93,211 vehicles,representing a 39.0%year-over-year decrease.2025 Q3 2025 Q2 2025 Q1 2024 Q4

3、Deliveries 93,211 111,074 92,864 158,696 2024 Q3 2024 Q2 2024 Q1 2023 Q4 Deliveries 152,831 108,581 80,400 131,805 As of September 30,2025,in China,the Company had 542 retail stores in 157 cities,546 servicing centers and Li Auto-authorized body and paint shops operating in 225 cities,and 3,420 supe

4、r charging stations in operation equipped with 18,897 charging stalls.Financial Highlights for the Third Quarter of 2025 Vehicle sales were RMB25.9 billion(US$3.6 billion)in the third quarter of 2025,representing a decrease of 37.4%from RMB41.3 billion in the third quarter of 2024 and a decrease of

5、10.4%from RMB28.9 billion in the second quarter of 2025.Vehicle margin2 was 15.5%in the third quarter of 2025,compared with 20.9%in the third quarter of 2024 and 19.4%in the second quarter of 2025.Excluding the impact of estimated costs related to the recall of Li MEGA,vehicle margin would have been

6、 19.8%in the third quarter of 2025.Total revenues were RMB27.4 billion(US$3.8 billion)in the third quarter of 2025,representing a decrease of 36.2%from RMB42.9 billion in the third quarter of 2024 and a decrease of 9.5%from RMB30.2 billion in the second quarter of 2025.Gross profit was RMB4.5 billio