Li Auto Inc. (NASDAQ: LI) closed the year 2025 on a promising note, announcing that it crossed the threshold of 1,540,215 total vehicle deliveries since its inception during the month of December. This milestone came amid a December delivery volume of 44,246 vehicles, reflecting a notable increase of 33.35% compared to November's 33,181 units. However, when examined year over year, December deliveries declined by 24.38%, underscoring the persistent challenges in vehicle demand within the competitive Chinese electric vehicle market.
During the fourth quarter of 2025, Li Auto recorded a total of 109,194 vehicle deliveries, aligning with the higher end of the company's guidance range of 100,000 to 110,000 vehicles. This marked an improvement relative to the third quarter, where deliveries registered at 93,211 units. Nonetheless, the annual delivery count for 2025 stood at 406,343 vehicles, falling short compared to the 500,508 units delivered in 2024. This full-year decline highlights ongoing headwinds for Li Auto amid intensifying competition and market pressures in China’s EV segment.
Li Auto’s international footprint expanded in December with the launch of its Li L9, L7, and L6 models across Egypt, Kazakhstan, and Azerbaijan. These market entries represent the company’s strategic foray into the Central Asian, Caucasus, and African regions, marking an important step in its globalization efforts.
Beyond vehicle sales, Li Auto formally unveiled its innovative Li AI glasses product named Livis toward the end of 2025, which garnered favorable feedback from early users. On the domestic front, the company maintained a robust retail presence with 548 stores distributed over 159 cities in China. Its charging infrastructure also remained extensive, comprising 3,907 supercharging stations and a total of 21,651 charging stalls across the country as of December 31.
Comparatively, Li Auto’s competitors demonstrated mixed results in December 2025. XPeng Inc. (NYSE: XPEV) reported delivering 37,508 vehicles for the month, registering a modest 2% increase from December 2024. Nio Inc. (NYSE: NIO), on the other hand, reached a record 48,135 vehicle deliveries in December 2025, representing a significant 54.6% year-over-year growth.
Earlier in the fiscal year, Li Auto announced its third-quarter 2025 financial performance, which showed a considerable downturn influenced by reduced deliveries, squeezed profit margins, and elevated costs attributable to a significant vehicle recall. Quarterly vehicle sales declined by 37.4%, down to $3.6 billion, primarily due to diminished volumes.
Reflecting the positive end-of-year sales momentum and broader operational updates, Li Auto shares experienced a rise of 2.95% in premarket trading on Friday, reaching $17.43, per Benzinga Pro data.