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Li Auto - W: Turned from profit to loss in the first quarter of 2026, with a net loss of 2.3 billion yuan

2026-05-30 17:13:22

Li Auto-W Announcement: total revenue in the first quarter of 2026 was 23 billion yuan, down 11.4% year over year; net loss was 2.3 billion yuan, compared with a net profit of 647 million yuan in the same period last year, reversing from profit to loss. Vehicle sales revenue was 21.5 billion yuan, down 12.7% year over year; vehicle gross profit margin was 6.1%, lower than 19.8% in the same period last year; vehicle deliveries totaled 95,142 units, up 2.5% year over year.

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