Li Auto will announce its financial results for the third quarter of 2026 on November 25. The company will host an earnings call at 8:00 pm Beijing Time, which will be accessible via a live webcast on its investor relations website.
In the third quarter, the manufacturer delivered 99,964 vehicles, reaching the upper end of its guidance range of 95,000 to 100,000 units. This figure represents a 7.24% increase compared to the same period last year and a 1.66% rise from the second quarter.
Deutsche Bank analysts project third-quarter revenue of ¥27 billion and a net loss of ¥300 million. The bank expects a gross margin improvement to 16.7%, driven by a better product mix and the removal of cash subsidies for the previous Li L6 model, despite rising costs for raw materials and components.
The company faces delivery pressure heading into the fourth quarter, with October deliveries totaling 29,025 vehicles, the lowest level since February. Total deliveries for the first 10 months of 2026 reached 322,461 units, a 1.96% year-on-year decline.
Li Auto launched the refreshed Li i6 SUV on October 28, with cumulative orders reportedly exceeding 50,000 units. The company aims to increase monthly production capacity for this model to 20,000 vehicles in November, with total monthly deliveries expected to rebound above 40,000 units.
