Li Auto’s 2025 journey has been a bit of a rollercoaster. Chinese automaker continued to report year-on-year declines in vehicle deliveries in December, although the pace of contraction eased notably compared with November.
Li Auto delivered 44,246 vehicles in December, its highest monthly total of 2025, according to figures released today. While this still represents a 24.38% decline year-on-year, it marks the seventh consecutive month of contraction. On a more positive note, deliveries jumped 33.35% month-on-month, signaling a short-term improvement in momentum.
For the fourth quarter, Li Auto delivered 109,194 vehicles, down 31.19% year-on-year but 17.15% higher than the third quarter, suggesting gradual stabilization toward the end of the year.
On an annual basis, the automaker delivered 406,343 vehicles in 2025, representing an 18.81% decline compared to the previous year. As of December 31, 2025, Li Auto’s cumulative deliveries reached 1,540,215.
Li Auto’s muted performance in 2025 reflects growing competitive pressure on its L-series extended-range electric vehicles (EREVs), alongside the ongoing production ramp-up of its i-series battery electric vehicles (BEVs). As a result, the company is reportedly preparing a major product realignment aimed at boosting competitiveness and reducing internal model overlap.
The company also expanded its global footprint by introducing Li L9, Li L7, and Li L6 to Egypt, Kazakhstan, and Azerbaijan, beginning to establish its market presence across Central Asia, the Caucasus, and Africa. Additionally, the Company officially launched its Li AI glasses, Livis, which received positive user feedback.
As of December 31, 2025, the company had 548 retail stores in 159 cities, 561 servicing centers and Li Auto-authorized body and paint shops operating in 224 cities. Li Auto also had 3,907 super charging stations in operation equipped with 21,651 charging stalls in China.
