[Li Auto Reports RMB 23 Billion Revenue in Q1, Maintains ~RMB 100 Billion Cash Reserves for 10 Consecutive Quarters]

Published: May 31, 2026 20:31

Save

Li Auto released its Q1 2026 financial report. Quarterly revenue reached RMB 23 billion, with cash reserves at RMB 94.3 billion by the end of the quarter, maintaining a leading position among new energy vehicle startups. The company delivered 95,142 vehicles in Q1, a 2.5% year-on-year increase, exceeding its guidance and ranking first among Chinese brands in the new energy vehicle market priced above RMB 200,000.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 mins ago

Eni Teams Up with Seri Industrial to Develop Stationary Battery Supply Chain

According to disclosures from both companies on Friday, Italian energy giant Eni and battery energy storage enterprise Seri Industrial signed an agreement to jointly develop an industrial supply chain in the LFP battery sector. In a joint statement, the two parties said the partnership would be implemented through their respective subsidiaries, Eni Industrial Evolution and FIB. The collaboration covers the production of LFP battery cells and modules, as well as the assembly of stationary energy storage systems and electric mobility systems for the commercial and industrial sector.

19 mins ago

1 hour ago

[Li Xiang: Humanoid robots still at least 3 years behind EVs]

May 28 – Li Xiang, chairman of Li Auto, said at the company's first-quarter earnings call today that it will take at least three years for humanoid robots to reach the same level of development as the electric vehicle industry. "Many technical challenges remain unsolved, and there is still no consensus on multiple technological pathways," he said. Li added that startups, midsize firms, and large companies alike will all enter the humanoid robotics sector.

1 hour ago

[JAC Group on Maserati tie‑up: "Zunjie brand has plenty of room to grow]

May 29 – JAC Group chairman and general manager Xiang Xingchu responded today at the 2026 Future Auto Pioneers Conference to speculation about a partnership between Zunjie and Maserati. "There is a lot of room for imagination regarding the future development of the Zunjie brand," he said. Beyond high‑end business models, future products will feature other styles and target a wider range of user groups. "Stay tuned," he added.

1 hour ago